by Lara | Sep 29, 2017 | Gold |
A short term bounce was expected to continue for Friday. Price made a higher high and a higher low fitting the definition of upwards movement. The Elliott wave counts for this week nicely predicted price action. Summary: The bigger picture sees a pullback continue...
by Lara | Sep 28, 2017 | Gold |
Last analysis (which was just a few hours ago) expected a short term bounce. So far price has moved sideways and very slightly higher. Summary: The bigger picture sees a pullback continue here to about 1,261. It may be as low as 1,170 – 1,158. Look out for a...
by Lara | Sep 28, 2017 | Gold |
Last analysis allowed for more downwards movement. Summary: The bigger picture reverts to seeing a pullback continue here to about 1,261. It may be as low as 1,170 – 1,158. Look out for a short term bounce. It may find resistance about the upper edge of the pink...
by Lara | Sep 26, 2017 | Gold, Public Analysis |
Yesterday’s strong upwards movement has been reversed. A new low below 1,296.23 indicated the alternate hourly Elliott wave count should be used. Summary: The bigger picture reverts to seeing a pullback continue here to about 1,261. It may be as low as 1,170...
by Lara | Sep 25, 2017 | Gold |
Price has moved strongly higher breaking out of the channel which contained prior downwards movement. Summary: Gold has most likely had a trend change. The target for upwards movement is either about 1,330 (second wave count) or possibly as high as 1,440 (first wave...
by Lara | Sep 23, 2017 | Gold |
A small bounce continued as the hourly Elliott wave counts expected. Price remains within the channels. Summary: Expect downwards movement now to continue at least for the short term. A short term target is at 1,261. This downwards swing may go as low as 1,170 to...
by Lara | Sep 21, 2017 | Gold |
Downwards movement continues as both Elliott wave counts expect. The short term target remains the same. Summary: Expect downwards movement now to continue at least for the short term. A short term target is at 1,261. This downwards swing may go as low as 1,170 to...
by Lara | Sep 20, 2017 | Gold |
Yesterday’s hourly charts for both Elliott wave counts had a target at 1,316 for a bounce to end and then expected downwards movement to show some strength as a third wave began. This is exactly what happened. Upwards movement reached 1,315.81, just 0.19 short...
by Lara | Sep 19, 2017 | Gold |
A small inside day sees the target for one of the two Elliott wave counts adjusted. This new target is now closer to the target for the other Elliott wave count. Summary: Expect downwards movement now to continue at least for the short term. A short term target is at...
