by Lara | May 24, 2017 | Gold |
A consolidation was expected to continue. So far this week that is exactly what is happening as price remains range bound. Summary: The consolidation continues. A new high reasonably above 1,263.71 now would indicate an upwards breakout and the target would be either...
by Lara | May 9, 2017 | Gold |
The target at 1,214 was met. However, the Elliott wave structure is incomplete with conditions entering oversold and On Balance Volume again at support. Summary: The target is now at 1,202. If price makes a new high short term above 1,225.18, then the probability that...
by Lara | May 8, 2017 | Gold |
The target, which has not been met, remains the same. Summary: The target is still 1,214. If this is wrong, it may be too low because price is at strong support and On Balance Volume is at support at the weekly and daily chart levels. Look out for a bounce to begin...
by Lara | May 6, 2017 | Gold |
A little sideways movement followed by another wave down was expected in last analysis. This is what has happened. Summary: The new target for Monday is 1,214. If this is wrong, it may be too low because price is at strong support and On Balance Volume is at support...
by Lara | May 4, 2017 | Gold, Gold Historical |
Another strong downwards day was not expected to break below a support line that extends back to December 2016. Price action today suggests the weekly alternate count, or a variation thereof, now is more likely. Summary: The outlook is now fairly bearish. Expect a...
by Lara | May 3, 2017 | Gold |
Price has moved slightly below the target on the alternate hourly wave count, which was at 1,244. The next 24 hours should provide clarity. Summary: If upwards movement breaks above the channel on the hourly chart, then the main wave count should be used. A low may be...
by Lara | Apr 27, 2017 | Gold |
An inside day fits both Elliott wave counts. Classic technical analysis will be used to determine which one may be more likely. Summary: Watch the best fit channel on the hourly chart carefully. If price breaks above the upper edge, then a low is very likely in for...
by Lara | Apr 24, 2017 | Gold |
A correction was expected to continue for another one to few days. Today’s red candlestick with a long lower wick mostly fits that expectation. Price remains above the invalidation point but the wave count no longer has the right look, so today it is changed....
by Lara | Apr 21, 2017 | Gold, Public Analysis |
A weak upwards day exactly fits the expectation from last analysis. Summary: The correction is still most likely incomplete. It may continue further for yet another one to few days. Thereafter, the upwards trend should resume. The target for long positions remains at...
