by Lara | Jan 10, 2018 | Gold |
Price has behaved exactly as yesterday’s first hourly chart expected. A consolidation looks to have arrived. Summary: Look now for price to move either lower for a pullback or sideways for a multi week consolidation that may last about 8 to 12 weeks. If this...
by Lara | Jan 9, 2018 | Gold |
A breach of the channel on the hourly charts indicated the upwards trend has ended, at least for the short term. Summary: Look now for price to move either lower for a pullback or sideways for a multi week consolidation that may last about 8 to 12 weeks. All wave...
by Lara | Jan 8, 2018 | Gold |
A new high above 1,287.61 switched the analysis to bullish. At that time, two wave counts had a target about 1,308. This target has been exceeded so far up to 1,325.56. Summary: Assume the trend remains up while price remains within the channel on the hourly charts....
by Lara | Dec 22, 2017 | Gold |
Upwards movement for Friday’s session has found resistance right at the lower trend line of the symmetrical triangle. Volume analysis is used to determine the most likely Elliott wave count of four possibilities. Summary: Volume still does not support this...
by Lara | Dec 21, 2017 | Gold |
A little more upwards movement to 1,270 was expected. Price has moved higher to reach up to 1,268.58, just 1.42 short of the target. Summary: A third wave down may begin from here. Some confidence may be had in this view when / if price breaks below the lower edge of...
by Lara | Dec 20, 2017 | Gold |
More upwards movement was expected towards a target at 1,268 to 1,270. Price has reached up to 1,266.70, just 1.30 short of the target zone so far. Summary: Upwards movement is either over here or may continue a little higher. If it does continue a little higher, then...
by Lara | Dec 19, 2017 | Gold, Public Analysis |
Price has been behaving exactly as expected now for over a week. We may have reasonable confidence in the current Elliott wave count. Volume analysis also supports it today. Summary: Upwards movement may end tomorrow at 1,268 to 1,270. Thereafter, a third wave down...
by Lara | Dec 18, 2017 | Gold |
Price continues higher towards the target for this upwards movement to end. Two hourly charts are provided today. They both expect the same direction next, only the Elliott wave structures are different, and both have the same target. Summary: Upwards movement may end...
by Lara | Dec 16, 2017 | Gold |
A target for another day or so was 1,264. Price moved higher to reach 1,261.40 before turning down. Summary: A multi day bounce for minor wave 2 has arrived. The target for minor wave 2 is still 1,268, which may be met in another two or five days. Short positions...
