by Lara | Jun 30, 2016 | Gold |
Downwards movement was expected for the main hourly Elliott wave count, but this is not what happened. However, price remains below the invalidation point, so all three hourly wave counts remain valid. Summary: It still looks more likely today that a correction will...
by Lara | Jun 29, 2016 | Gold |
Both hourly Elliott wave counts in yesterday’s analysis expected at least some upwards movement. Price has moved higher as expected. Summary: It looks likely today that a correction will continue lower to end about 1,291. This target may be met in about two days...
by Lara | Jun 28, 2016 | Gold |
Price moved lower as expected but did not reach the target. Summary: A correction may be over at today’s low, or it may continue yet for a few days. The mid term target is at 1,437 and the long term target is at 1,582. Look out for surprises to the upside....
by Lara | Jun 27, 2016 | Gold |
Sideways movement fits the expectations overall for the main hourly Elliott wave count in last analysis. The picture today is a little clearer for the short term. Summary: Minor wave 3 has very likely begun. In the short term, it looks very likely that price will move...
by Lara | Jun 21, 2016 | Gold |
Targets for downwards movement were 1,271 and 1,244. Downwards / corrective movement continues as expected. Summary: Minor wave 2 down has begun and should be expected to last a Fibonacci 8, 13 or 21 days in total. The most likely target will be the 0.618 Fibonacci...
by Lara | Jun 18, 2016 | Gold |
Last analysis expected a correction to continue. Upwards movement remains below the high and is choppy and overlapping, although it was substantial. Summary: Minor wave 2 down has begun and should be expected to last a Fibonacci 8, 13 or 21 days in total. The most...
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...
by Lara | Jun 15, 2016 | Gold |
More upwards movement was expected for Wednesday’s session to a target at 1,300. Price has moved higher so far reaching 1,296.43. Summary: The trend is weaker today. A correction does look increasingly likely but pinpointing exactly when and where it will begin...
by Lara | Jun 14, 2016 | Gold |
Yesterday’s analysis expected one more high to 1,289. Price moved up to a high at 1,289.59 for the session. Summary: The trend is tired but may still not be over even though the channel is breached. Another high to 1,300 may still unfold. Trading advice: This...
