by Lara | Feb 11, 2016 | Gold |
Upwards movement was not expected for Thursday’s session. Summary: The trend is up. Another shallow brief fourth wave should continue for one or three days. It may end about 1,214 or 1,184. New updates to this analysis are in bold. Last published weekly charts...
by Lara | Feb 10, 2016 | Gold |
Sideways movement for a correction was expected. Summary: The trend is still up, but a multi day correction is unfolding. Choppy overlapping sideways movement may continue for one or more likely three more days. It may end either within 1,174 – 1,164 or at...
by Lara | Feb 5, 2016 | Gold |
A small fourth wave correction unfolded as expected, reaching down to 1,145.2, into the target zone which was 1,145.4 – 1,137.29. Thereafter, upwards movement continued as expected. Summary: The trend is up. In the short term, another fourth wave correction may...
by Lara | Feb 4, 2016 | Gold, Gold Historical |
Upwards movement has now breached the final bear market trend line. With confirmation of a trend change, the main wave count should now be bullish. Summary: The final bear market trend line is now breached by a full daily candlestick above it and not touching it. This...
by Lara | Feb 3, 2016 | Gold |
Upwards movement was expected to end either yesterday or very soon. This upwards movement for Wednesday was unexpected but does not yet invalidate the main Elliott wave count. Summary: Price is squeezed between the final bear market trend line and a short term support...
by Lara | Feb 2, 2016 | Gold |
A little more upwards movement was expected. Price has moved slightly higher. Summary: Price is squeezed between the final bear market trend line and a short term support line (now coloured green on all charts for clarity). A break above the cyan line or below the...
by Lara | Jan 29, 2016 | Gold |
Downwards movement breached the invalidation point on the main hourly Elliott wave chart but not the alternate. Summary: There has been no technical confirmation of a trend change for Gold from bear to bull. The bear wave count now expects a big third wave down to...
by Lara | Jan 26, 2016 | Gold |
Yesterday’s analysis expected a new high above 1,112.19 and an upwards breakout, which is exactly what has happened. Summary: The target for both bull and bear wave counts short term is now 1,135. Price will be touching the cyan trend line when it gets there....
by Lara | Jan 22, 2016 | Gold |
Upwards movement was expected. Price moved sideways in a small range to complete a very small red candlestick. Price remains above the invalidation point and is hugging the support line. Summary: The target for the bear wave count remains 1,135. The target for the...
