by Lara | Feb 19, 2016 | Gold |
To end this week, I still have just the one daily chart but now four hourly wave counts. I will not try to pick a winner. The labelling of 1-2-3-4 is not intended to indicate which is more or less likely. Volume and price next week should tell us which one is correct....
by Lara | Feb 18, 2016 | Gold |
Again, I have three hourly wave counts. Volume is used to indicate which is most likely. Summary: Minute wave iv may be over. As long as price remains above 1,216.92, this should be expected to be the most likely scenario. The target for a strong fifth wave up is at...
by Lara | Jan 28, 2016 | Gold |
Yesterday’s analysis expected sideways / downwards movement to a short term target about 1,114. Price has moved lower as expected to reach to 1,111.76 so far. Summary: The correction should be over here and should be followed by upwards movement to new highs....
by Lara | Jan 27, 2016 | Gold |
More upwards movement was expected. Summary: Both wave counts now expect some sideways / downwards movement for a small fourth wave to most likely end about 1,114. Thereafter, at least one more push up to 1,135 is expected. That is the point where the wave counts...
by Lara | Jan 25, 2016 | Gold |
Upwards movement continues as expected. Summary: The target for the bear wave count remains at 1,135, which may be met in a further seven trading days. The target for the bull wave count is at 1,227 mid term, which may be met in a further nine or thirty trading days....
by Lara | Jan 7, 2016 | Gold |
Price has broken out of a consolidation upwards. Summary: Short term a third wave may end about 1,113 (if this target is wrong, it may not be high enough). Thereafter, a fourth wave correction should move sideways for a few days and be followed by more upwards...
by Lara | Jan 6, 2016 | Gold |
The short term target for some more upwards movement at 1,091 was reached and passed so far by 3.9. Summary: The main Elliott wave count now expects downwards movement, but classic technical analysis remains bullish. It would be wise to wait for price to confirm a...
by Lara | Jan 5, 2016 | Gold |
A small inside day fits both hourly Elliott wave counts, which remain the same. Summary: The correction is still most likely to end sooner rather than later. It may end with a final push up to a short term target at 1,091. In the short term, a new high reasonably...
by Lara | Jan 4, 2016 | Gold |
Gold remains range bound. I have two Elliott wave counts for the hourly chart today which look at this correction in two different ways. Summary: The correction is most likely to end sooner rather than later. It may end in just one more day with a final push up to a...
