by Lara | Apr 18, 2017 | Gold |
Yesterday’s analysis expected another shallow correction to continue sideways. This is mostly what has happened. Price bounced up almost exactly at the lower edge of the channel on the hourly chart, where support was expected as fairly likely. Summary: The...
by Lara | Apr 11, 2017 | Gold, Gold Historical |
A classic upwards breakout has unfolded as expected. In last analysis members were advised to enter a hedge or just enter long. With stops for long positions just below 1,240.24 or 1,221 (depending on trading strategy), members should now have profitable long...
by Lara | Mar 27, 2017 | Gold |
Downwards movement was expected to start the new trading week, but this is not what happened. Summary: Resistance on On Balance Volume and the 200 day moving average may be enough to turn price here down. In the short term, a new low below 1,252.75 would add a little...
by Lara | Mar 25, 2017 | Gold |
Downwards movement for a pullback was expected for Friday’s session. A lower low and a lower high is the definition of downwards movement, and this is what was seen for Friday. Summary: Another pullback looks most likely to be underway. The target is now about...
by Lara | Mar 20, 2017 | Gold |
Sideways movement was again expected for Monday’s session. Price moved slowly higher in a small range, mostly fitting expectations. Summary: A small fourth wave correction may now continue sideways over another one to few days and should remain above 1,211.06....
by Lara | Mar 10, 2017 | Gold |
Price moved into the target zone, which was 1,197 to 1,192, and then turned upwards to print a green daily candlestick. Summary: Allow for the possibility of new lows while price remains within the channel. The next target is now at 1,193 – 1,192. If the...
by Lara | Mar 8, 2017 | Gold |
Price continued lower as the two preferred hourly wave counts expected. Summary: The bottom line for the short term is that while price remains within the channels on the hourly charts expect it to continue to fall. Each time price touches the upper edge of the...
by Lara | Mar 7, 2017 | Gold |
Two hourly Elliott wave counts were provided yesterday. The first hourly wave count is now looking more likely. Summary: The bottom line for the short term is that while price remains within the channels on the hourly charts expect it to continue to fall. Each time...
by Lara | Feb 27, 2017 | Gold |
More upwards movement continued to start the new week as the main Elliott wave count expected. Summary: Use the channel on the second hourly chart and the channel on the alternate hourly chart. Assume the upwards trend remains the same while price remains within the...
