by Lara | Oct 9, 2017 | Gold |
Last Elliott wave analysis expected upwards movement from Gold to begin the new week, which is exactly what has happened. Summary: For the very short term, look out for a small pullback to about 1,277 – 1,275. Thereafter, look for the new upwards trend to...
by Lara | Oct 6, 2017 | Gold |
The target for downwards movement was 1,256. Price has reached 1,260.72, 4.42 short of the target. Summary: A low may be in place at least for the mid term for Gold. A breach of the channel on the hourly charts is required for confidence in this view. The fist target...
by Lara | Oct 5, 2017 | Gold |
The trend was assumed to remain downwards while price remains within the channel. A new low today continues that trend. Summary: Assume the trend remains down while price remains below 1,272.28 and more importantly while it remains within the channel. The target for...
by Lara | Oct 3, 2017 | Gold |
Downwards movement continued as both Elliott wave counts expected. Volume analysis will be used to indicate which of three hourly Elliott wave counts looks most likely. Summary: Assume the trend remains down while price remains below 1,289.67. A new high above...
by Lara | Oct 2, 2017 | Gold |
Downwards movement continues as both Elliott wave counts expected. The target has not yet been met for the first wave count. Summary: The bigger picture sees a pullback continue here to about 1,261. It may be as low as 1,170 – 1,158. A bearish signal today from...
by Lara | Sep 26, 2017 | Gold, Public Analysis |
Yesterday’s strong upwards movement has been reversed. A new low below 1,296.23 indicated the alternate hourly Elliott wave count should be used. Summary: The bigger picture reverts to seeing a pullback continue here to about 1,261. It may be as low as 1,170...
by Lara | Sep 16, 2017 | Gold |
Upwards movement was expected after last analysis. Friday completed a higher high and a higher low, but a deep pullback at the end of the session closed the candlestick red. Price remains above the invalidation point on the hourly chart. Summary: The target is now...
by Lara | Sep 7, 2017 | Gold |
Upwards movement continues exactly as expected. The target remains the same. Summary: The trend is upwards. All trades always should be with the trend. Be prepared to exit long positions soon, either at the target or if price moves strongly down back into the base...
by Lara | Sep 5, 2017 | Gold |
Upwards movement continues as the main Elliott wave count expects. Price today bounced up perfectly from the upper edge of the base channel. This gives us an important clue as to what should happen next. Summary: An upwards breakout has support from volume. Look out...
