by Lara | Sep 12, 2016 | Gold |
A little more downwards movement was expected for Monday to a small target zone at 1,319 – 1,322. The low for Monday is at 1,320.94, right in the target zone. Summary: Price should turn upwards as an upwards trend develops. Range and volatility are expected to...
by Lara | Jul 28, 2016 | Gold |
A little upwards movement was followed by some downwards movement, exactly as expected. Summary: The trend is up. The target remains at 1,582. Corrections are an opportunity to join the trend. Invest no more than 3-5% of equity on any one trade and always use a stop...
by Lara | Jul 14, 2016 | Gold |
Yesterday’s analysis expected downwards movement. Summary: The trend is still up. A multi day correction against the trend is unfolding and still looks incomplete. A target for it to end is either 1,291 or just below 1,249.94. Volume supports a short term...
by Lara | Jul 13, 2016 | Gold |
Upwards movement confirmed the main Elliott wave count and invalidated the alternate. I have three daily and hourly Elliott wave counts today. Summary: The trend is still up. Corrections are still an opportunity to join the trend. The long term target remains the same...
by Lara | May 25, 2016 | Gold |
Price continued lower, which is what the wave count expected while price remained within the channel. Summary: A fourth wave correction looks like it may begin here and may last one to three days. The target is at 1,244. The trend at this stage is down and the final...
by Lara | May 24, 2016 | Gold |
Downwards movement was expected as most likely for yesterday’s main Elliott wave count. Summary: The wave count now expects more downwards movement. Along the way down there should be two fourth wave corrections which should show up on the daily chart. A breach...
by Lara | May 2, 2016 | Gold |
Price has moved a little lower after a channel breach of the hourly chart. The long term Elliott wave targets remain the same. Summary: In the short term, a second wave correction, when it is over, may present an opportunity to join the upwards trend. The short term...
by Lara | Apr 30, 2016 | Gold |
Gold has broken out of a consolidation upwards exactly as expected. Summary: Expect price to keep rising while it remains within the best fit channel on the hourly chart. The target for this trend to end is at this stage 1,477. If the channel is breached, then draw a...
by Lara | Apr 9, 2016 | Gold |
A small inside day has not clarified which Elliott wave count is correct. Summary: Downwards movement is most likely but a trend change is unconfirmed. A new low below 1,217.22 would confirm an end to sideways movement and the resumption of the downwards trend. A new...