by Lara | Oct 12, 2016 | Gold |
Gold continues to move overall sideways within a small range. The main Elliott wave count still expects a breakout in a very few days. Summary: A small consolidation continues and may continue for another two or five more days. There is no support for upwards...
by Lara | Oct 11, 2016 | Gold |
The alternate Elliott wave count has increased in probability today, so I’ve swapped over the Elliott wave counts in today’s analysis. Summary: A small consolidation continues and may continue for another few days. There is no support for upwards movement,...
by Lara | Sep 27, 2016 | Gold |
Upwards movement was expected for Tuesday’s session. This is not what happened. The hourly wave count was invalidated with a new low below 1,332.74. A multi day pullback has begun a day earlier than expected. Summary: This pullback may end in one more session...
by Lara | Aug 20, 2016 | Gold |
A short term downwards movement was expected to end a little below 1,346.27 but not below 1,340.01. Price broke a little below 1,340.01 to reach 1,338.06 invalidating the first hourly Elliott wave count and unfolding as expected for the second hourly Elliott wave...
by Lara | Aug 18, 2016 | Gold |
Upwards movement was expected. Price moved sideways in a narrow range, but did make a higher high and a higher low from the prior session. Summary: In the short term, a counter trend movement should end within the next 24 hours a little below 1,346.27 but not below...
by Lara | Aug 17, 2016 | Gold |
A correction was expected to end about 1,339 before upwards movement resumed. The correction ended at 1,340.1. Thereafter, upwards movement continues as expected. Summary: The target for the main wave count remains at 1,582. Substantial confidence in the main wave...
by Lara | Aug 11, 2016 | Gold |
Upwards movement was expected but did not happen. Price moved lower, remaining above the invalidation point on the hourly Elliott wave count. Summary: The trend is up. The target remains at 1,582. Further and substantial confidence may now be had in the trend and...
by Lara | Jul 12, 2016 | Gold |
Downwards movement was unexpected and invalidated the daily Elliott wave count. Summary: The trend is still up. Corrections are still an opportunity to join the trend. A new high above 1,340.21 would provide price confirmation that the correction is over. Prior to...
by Lara | Jun 16, 2016 | Gold |
The target for upwards movement to end at 1,299 was inadequate. Price reached 16.38 above the target before turning strongly downwards. Summary: A blowoff top has completed minor wave 1. Minor wave 2 down has begun and should be expected to last a Fibonacci 8, 13 or...