by Lara | Jan 19, 2016 | Gold |
Sideways movement remains above the invalidation point on the hourly chart. The short term Elliott wave count is changed slightly. The longer term picture is the same. Summary: Both wave counts expect upwards movement this week to make a new high above 1,112.19. The...
by Lara | Jan 18, 2016 | Gold |
Downwards movement was expected to end soon and be followed by upwards movement. There was no more downwards movement. Price turned and moved higher. Summary: Both wave counts expect upwards movement this week to make a new high above 1,112.19. The main bear wave...
by Lara | Jan 15, 2016 | Gold |
Downwards movement was expected to end soon and be followed by upwards movement. There was no more downwards movement. Price turned and moved higher. Summary: Both wave counts expect upwards movement next week to make a new high above 1,112.19. The main bear wave...
by Lara | Jan 9, 2016 | Gold |
A short term target for a fourth wave correction to begin was 1,113. Price turned at 1,112.19. Summary: Next week should see choppy overlapping sideways movement for a fourth wave correction. New updates to this analysis are in bold. To see the last long term analysis...
by Lara | Jan 7, 2016 | Gold |
Price has broken out of a consolidation upwards. Summary: Short term a third wave may end about 1,113 (if this target is wrong, it may not be high enough). Thereafter, a fourth wave correction should move sideways for a few days and be followed by more upwards...
by Lara | Dec 17, 2015 | Gold |
A new low below 1,057.4 confirmed the alternate hourly wave count. Summary: A downwards breakout may be underway. A close below the lower zone of support on a day with an increase in volume looks like a downwards breakout from a consolidation zone. Yesterday’s...
by Lara | Dec 15, 2015 | Gold |
Sideways movement to complete a small green doji fits the expectation of a continuing correction. Summary: This correction may still be unfolding as either a single or double flat. The structure is incomplete. It may end in one more day, if it totals a Fibonacci...
by Lara | Dec 12, 2015 | Gold |
The correction continues as expected. Summary: There is still more than one possible structure which may be unfolding for this correction, but what is clear is that the correction is still very unlikely to be over. It may now continue for three more days to total a...
by Lara | Dec 10, 2015 | Gold |
A correction was expected to continue. Another small inside day fits this expectation. Summary: The structure of this correction is unclear and it will be impossible to accurately predict the pathway price will take to complete it (because it is impossible to predict...
