by Lara | Aug 2, 2017 | Gold |
An upwards day was expected, but this is not what happened. Two hourly Elliott wave counts are used today. Summary: While price remains above 1,255.16 and within the blue channel, it is entirely possible that a high is not yet in place. There is some support today...
by Lara | Jul 31, 2017 | Gold |
Overall, more upwards movement was expected; a slight new high fits the main Elliott wave count. Downwards movement during Monday’s session remained above the short term invalidation point on the hourly chart. Summary: The target is 1,277. Use the blue Elliott...
by Lara | Jul 22, 2017 | Gold |
Upwards movement continues as expected towards the target. A short term target is now provided. Summary: The short term target is now at 1,264. About here another small consolidation to last about two days may unfold, to be followed by a final small upwards wave that...
by Lara | Jul 20, 2017 | Gold |
Upwards movement overall continues towards the target. Today the invalidation point on the hourly Elliott wave chart was invalidated by 1.05 before price turned upwards again. Summary: The target is now at 1,260. It may now be met within five sessions. There should be...
by Lara | Jul 12, 2017 | Gold |
A new high above 1,222.72 invalidated the main hourly Elliott wave count and added confidence to the alternate hourly Elliott wave count. The alternate has some support from volume analysis, and its target remains the same today. Summary: In the short term, a bounce...
by Lara | Jul 11, 2017 | Gold |
Yesterday’s hourly chart expected a bounce to about 1,218. The high for the session was 1,217.79. Summary: The trend is still most likely down. In the short term, a bounce is either over here or may continue higher for another day. If price makes a new high by...
by Lara | Jul 9, 2017 | Gold |
A small bounce to about 1,228 to 1,230 was expected before downwards movement resumed, but this is not what happened. The high was already in place. Summary: The trend is down. Corrections, even small ones, present an opportunity to join the trend. Profit target is...
by Lara | Jul 6, 2017 | Gold |
Some upwards movement was expected, which is exactly what has happened. Summary: Expect a small bounce to end either about 1,228 – 1,230, or a little below 1,228. Thereafter, look out for strong downwards movement. This correction is an opportunity to join the...
by Lara | Jul 4, 2017 | Gold |
Sideways movement fits expectations following the strong downwards day of the 3rd of July, which was also expected. The Elliott wave count is nicely predicting price behaviour at this time, and it has substantial support from classic technical analysis. Summary:...
