by Lara | Feb 16, 2017 | Gold |
Upwards movement for the main Elliott wave hourly chart was expected to reach a target at 1,240. Price moved higher as expected to reach 1,241.99. Summary: The target for a deep pullback is at 1,148. Corrections along the way down present opportunities to join the...
by Lara | Feb 15, 2017 | Gold |
Price made a lower low and lower high today, the definition of downwards movement. Overall, this was expected. But the session closed green with a strong bounce and that was not expected as the most likely scenario, but it was allowed for. Summary: The target for a...
by Lara | Feb 14, 2017 | Gold |
A little upwards movement fits the Elliott wave count. The first in a series of second wave corrections may now be complete today. Summary: The target for a deep pullback is at 1,148. Follow my two Golden Rules of risk management: 1. Always use a stop. 2. Invest no...
by Lara | Feb 13, 2017 | Gold |
Downwards movement continued as expected for Monday’s session. The main Elliott wave count remains the same. The alternate is slightly adjusted at the hourly chart level. Summary: The target for a deep pullback is at 1,148. Follow my two Golden Rules of risk...
by Lara | Feb 9, 2017 | Gold |
A breach of the trend channel and a new low below 1,227.82 has invalidated the main wave count and confirmed an alternate. Summary: Probability has shifted back to a deep pullback beginning here. The target is at 1,149. Follow my two Golden Rules of risk management:...
by Lara | Feb 1, 2017 | Gold |
A new low below 1,202.92 invalidated the alternate hourly Elliott wave count and added confidence to the main hourly Elliott wave count. Summary: The target for this next wave down to end is at 1,154. If a new high above 1,214.91 is seen, then expect some more upwards...
by Lara | Jan 16, 2017 | Gold |
Upwards movement invalidated the main hourly Elliott wave count and confirmed the alternate. The target is now adjusted. Summary: The new target for upwards movement to end is 1,219. In the short term, a new low below 1,187.97 would indicate a trend change and a...
by Lara | Dec 22, 2016 | Gold |
Another small inside day fits both Elliott wave counts, but price behaviour is pointing to one scenario more strongly than the other. Summary: It still looks like another new low may unfold before Gold either turns or begins a time consuming consolidation. The target...
by Lara | Dec 9, 2016 | Reference |
The other alternate idea of a leading expanding diagonal published up to yesterday will be discarded based upon a very low probability. Click chart to enlarge. An analysis back to 1997 of the daily chart of first waves and A waves at minor degree* and above reveals 23...
