by Lara | Sep 4, 2017 | Gold |
Upwards movement continues as the new main wave count expects. Summary: An upwards breakout has support from volume. Look out for very strong upwards movement in upcoming weeks to a target at 1,452. In the short term, corrections may now find support at the upper edge...
by Lara | Aug 17, 2017 | Gold |
Price has continued to move higher as was expected for the session by both Elliott wave counts. Summary: A short term target is now at 1,307. The final target is still at 1,320. The trend still looks to be upwards. Pullbacks are an opportunity to join the trend....
by Lara | Aug 16, 2017 | Gold |
A little more downwards movement was expected to a target at 1,266. Price did move lower, but did not make a new low and has fallen $2.34 short of the target. Summary: A short term target is now at 1,307. The final target is still at 1,320. The trend still looks to be...
by Lara | Aug 15, 2017 | Gold |
Downwards movement continued as expected for Tuesday. The target at 1,275 was passed and price remains above the invalidation point on the hourly chart and still within the channel. Summary: A new target for this pullback to end is 1,266, at the lower edge of the blue...
by Lara | Aug 14, 2017 | Gold |
Downwards movement has unfolded as expected for Monday’s session. Summary: A pullback may end within the next few hours about 1,275. If this is how price behaves, it may offer us an entry opportunity to join the upwards trend. The final target is now at 1,320....
by Lara | Aug 12, 2017 | Gold |
Price was expected to fall for Friday, but it moved slightly higher. Summary: A pullback may end on Monday or Tuesday about 1,275. If this is how price behaves, it may offer us an entry opportunity to join the upwards trend. The final target is now at 1,320. Always...
by Lara | Aug 10, 2017 | Gold |
The target at 1,279 was expected to be a little low. A trend line higher up was expected to halt upwards movement. However, this is not what has happened, and the trend line is overshot. The main Elliott wave count is changed today. Summary: An upwards trend now looks...
by Lara | Aug 5, 2017 | Gold |
A break below the channel and then below 1,260.03 has indicated the second hourly Elliott wave count was correct. Summary: Gold has likely had a trend change. The target is at 1,184. This may be met in about five weeks. Always use a stop. Invest only 1-5% of equity on...
by Lara | Aug 3, 2017 | Gold |
An upwards day was again expected as most likely, but this is not what happened. Price remains above the invalidation point on the main hourly chart, and has quickly returned to within the blue channel. Summary: While price remains above 1,260.03 and within the...
