by Lara | Apr 15, 2016 | Gold |
The main Elliott wave count expected a small bounce to be followed by more downwards movement. The bounce was longer lasting and a little deeper than expected. This changes the wave count short term but not mid term. Summary: A new low below 1,209.08 would confirm the...
by Lara | Apr 3, 2016 | Gold |
I have a new alternate Elliott wave count for you. Summary: If price makes a new low below 1,208.33 on Monday and remains below 1,235.16, then expect overall more downwards movement for another few days most likely to end about 1,131. This alternate is possible but...
by Lara | Apr 1, 2016 | Gold |
Upwards movement was again expected, but this is not what happened. Price moved lower turning just above the invalidation point. Summary: Price remains range bound. An upwards swing is most likely from about here. The Elliott wave target is at 1,302. New updates to...
by Lara | Mar 29, 2016 | Gold |
Upwards movement was unexpected and invalidated the hourly Elliott wave count. Summary: Two wave counts today both expect more upwards movement. It is reasonably likely that price will reach to 1,275.24. Upwards movement is most likely a B or X wave within a larger...
by Lara | Mar 25, 2016 | Gold |
Both Elliott wave counts remain valid. Price should indicate which one is correct in the next one or two sessions. Summary: It is most likely price will continue sideways for one to two sessions before resuming a downwards trend. If price breaks below 1,212.72 at any...
by Lara | Mar 19, 2016 | Gold |
A break slightly above 1,266.27 to 1,266.75 meant price was expected to continue higher, but this was not what happened. The alternate hourly Elliott wave count was confirmed with a new low below 1,255.66. At that stage, the target was 1,243.50. Summary: It is highly...
by Lara | Mar 14, 2016 | Gold |
More downwards movement to a target at 1,224 was expected. Price moved lower to reach 1,226.59 so far. Summary: The correction may have now ended. Price confirmation is required before any confidence may be had that it is over. A new high above 1,260.93 by any amount...
by Lara | Mar 9, 2016 | Gold |
Both hourly charts yesterday expected downwards movement short term which is what happened. Summary: The correction is still most likely incomplete. Some upwards movement for the next day or so may be a B or X wave which could make a new high. Thereafter, downwards...
by Lara | Mar 2, 2016 | Gold |
Upwards movement was expected from last analysis, but this looks to be too weak to be a breakout. Summary: One final short wave down to about 1,220 should complete a fourth wave triangle. The next move for Gold should be a short sharp thrust up and out of the triangle...
