by Lara | May 2, 2016 | Gold |
Price has moved a little lower after a channel breach of the hourly chart. The long term Elliott wave targets remain the same. Summary: In the short term, a second wave correction, when it is over, may present an opportunity to join the upwards trend. The short term...
by Lara | Apr 30, 2016 | Gold |
Gold has broken out of a consolidation upwards exactly as expected. Summary: Expect price to keep rising while it remains within the best fit channel on the hourly chart. The target for this trend to end is at this stage 1,477. If the channel is breached, then draw a...
by Lara | Apr 27, 2016 | Gold, Public Analysis |
Gold remains within a consolidation. The question is: What direction will price break out? On Balance Volume is today giving an indication. Summary: Gold is still range bound. On Balance Volume is today indicating the breakout direction is more likely to be up. It may...
by Lara | Apr 26, 2016 | Gold |
Another small range day continues the consolidation. Summary: Gold is still range bound. There are still at least two valid wave counts for this correction and they encompass four possible structures which may unfold this week. This means that short term price swings...
by Lara | Apr 25, 2016 | Gold |
Price is still consolidating. Downwards movement was expected as most likely, but price moved slightly higher on a very quiet day with very light volume. Summary: Gold is still range bound. There are still at least two valid wave counts for this correction and they...
by Lara | Apr 9, 2016 | Gold |
A small inside day has not clarified which Elliott wave count is correct. Summary: Downwards movement is most likely but a trend change is unconfirmed. A new low below 1,217.22 would confirm an end to sideways movement and the resumption of the downwards trend. A new...
by Lara | Apr 7, 2016 | Gold |
The first hourly Elliott wave chart was invalidated with a new high above 1,236.56 confirming the second hourly Elliott wave count. The second wave count expected upwards movement to 1,244. So far price has reached 1,243.19. Summary: Upwards movement would most likely...
by Lara | Apr 6, 2016 | Gold |
The main Elliott wave count so far is playing out as expected. The main Elliott wave count expected a short swing down to about 1,215. Price moved lower and turned at 1,217.22. Summary: A little upwards movement to 1,230 would end a triangle. Thereafter, price should...
by Lara | Apr 5, 2016 | Gold |
The situation is still unclear. Three Elliott wave counts are presented today. Summary: Sideways movement is unconvincing as a C wave up. A break now above 1,236.56 would indicate more upwards movement as likely to above 1,275.24 and maybe as high as 1,302. A break...
