by Lara | Jun 8, 2016 | Gold |
The main Elliott wave count yesterday expected more upwards movement to a target at 1,255 or 1,267. So far price has moved higher as expected reaching 1,263.97. Summary: The main wave count has a higher probability. It expects an upwards wave to end about 1,267....
by Lara | May 16, 2016 | Gold, Gold Historical, Public Analysis |
The main hourly Elliott wave count expected upwards movement for Monday from Gold, which is what happened. Price has made a higher high and a higher low on slightly increasing volume. Summary: At the beginning of this week, the picture is not as clear as last week....
by Lara | Apr 21, 2016 | Gold |
A new high above 1,262.47 invalidated the main hourly Elliott wave count and confirmed the alternate. I have three Elliott wave counts for you today. Summary: Gold is still range bound. There are still at least two valid wave counts for this correction and they...
by Lara | Mar 31, 2016 | Gold |
Upwards movement was expected. This is how the session began but most gains were retraced. Summary: Two wave counts today both expect more upwards movement. In the short term, a third wave up may still be beginning. It is reasonably likely that price will reach to...
by Lara | Mar 8, 2016 | Gold |
A correction was expected to continue. The small red candlestick for Tuesday’s session fits both Elliott wave counts. Summary: A correction is still unfolding and should continue sideways. The correction may include a new high above 1,279.45. It is most likely a...
by Lara | Feb 16, 2016 | Gold |
More downwards movement was expected to end within 1,200.76 to 1,181.41. The target was 1,184 within this zone. Price moved lower as expected to reach 1,192.68. Summary: A new high above 1,205.17 would provide a little confidence that the correction is over. A clear...
by Lara | Feb 15, 2016 | Gold |
A correction was expected to continue. Downwards movement overall was expected. Summary: The correction is incomplete. It may end in another one, three or six sessions to total a Fibonacci three, five or eight daily candlesticks. It may end within a range of 1,200.76...
by Lara | Feb 5, 2016 | Gold |
A small fourth wave correction unfolded as expected, reaching down to 1,145.2, into the target zone which was 1,145.4 – 1,137.29. Thereafter, upwards movement continued as expected. Summary: The trend is up. In the short term, another fourth wave correction may...
by Lara | Jan 12, 2016 | Gold |
Another downwards day on lighter volume fits the Elliott wave count. Summary: The fourth wave correction is not over. Price should remain above 1,081.57. Within the correction, an upwards swing should now begin to reach resistance. It may make a new high above...