by Lara | Nov 2, 2017 | Gold |
A higher high and a higher low for Thursday’s session is the definition of upwards movement. Upwards movement was what was expected. The lower edge of the channel on the hourly charts has perfectly shown where pullbacks are finding support. Summary: The trend...
by Lara | Jun 27, 2017 | Gold |
The main Elliott wave count expected upwards movement. An inside day has closed green. Summary: Price is consolidating. The Elliott wave count sees intermediate (B) continuing as either a flat or triangle. Consolidations do not present good trading opportunities, but...
by Lara | Apr 3, 2017 | Gold |
Upwards movement was expected for the main Elliott wave count. A new alternate is provided today at the hourly chart level in response to volume analysis for Monday’s session. Summary: It is very concerning that volume today and for Friday does not support...
by Lara | Mar 16, 2017 | Gold |
More upwards movement was expected from last analysis. This is what has happened. Summary: A small fourth wave correction may now unfold sideways over one to three days and should remain above 1,211.06. When the correction is complete, then a target for the fifth wave...
by Lara | Feb 11, 2017 | Gold |
Friday’s session moved price lower as expected. A strong bounce has found resistance right at the lower edge of a trend channel. This also was expected as reasonably likely behaviour from price. Summary: Probability has shifted back to a deep pullback beginning...
by Lara | Feb 2, 2017 | Gold |
Two hourly Elliott wave counts look at two possible scenarios for the next session. Summary: The target for this next wave down to end is at 1,164 – 1,160. First, a breach of the Elliott channel on the hourly charts is required for any confidence in a high. A...
by Lara | Jan 26, 2017 | Gold |
Downwards movement continued exactly as expected for Gold. The Elliott wave count remains the same. The hourly wave count will be watched carefully to manage short positions. Summary: A deeper pullback has most likely begun. Short positions should be watched carefully...
by Lara | Jan 19, 2017 | Gold |
Price moved lower and bounced up off the lower edge of the channel on the daily and hourly Elliott wave charts. This indicates the main hourly Elliott wave count remains more likely than the alternate. Summary: The bottom line is still that it must be accepted there...
by Lara | Jan 12, 2017 | Gold, Public Analysis |
Upwards movement continued, falling just short of resistance about 1,210 to reach 1,207.2 for the session. The Elliott wave count remains the same, and this upwards movement has now lasted a Fibonacci 21 days. Summary: It is reasonably likely now that upwards movement...
