by Lara | Sep 16, 2015 | Gold |
Price still has not confirmed or invalidated either the bear wave count or the bull wave count. Summary: The bear wave count is close to even in probability with the bull wave count today. To the upside, a new high above 1,148.04 would see the bull wave count more...
by Lara | Sep 11, 2015 | Gold, Gold Historical |
Both Elliott wave counts expected more downwards movement for Friday, which is what happened. Now is when the bull and bear wave counts diverge, and next week price may provide clarity. Summary: For next week, the bear wave count expects downwards movement to...
by Lara | Sep 9, 2015 | Gold |
Downwards movement unfolded as expected for both Elliott wave counts. Confirmation that a small correction was over came with a break below the short trend line on the hourly chart, and final confirmation with a new low below 1,116.02. Summary: Markets rarely move in...
by Lara | Sep 4, 2015 | Gold |
A slight new low and a small red candlestick fit both Elliott wave counts. Regular technical analysis also expected more downwards movement for Friday. Summary: Downwards movement should continue to 1,096 for the bull wave count or 1,063 for the bear wave count. On...
by Lara | Sep 1, 2015 | Gold |
Today’s Elliott wave analysis will answer the question of whether or not the correction is over, and also what to look out for with regards to confirmation. Summary: The downwards trend should resume, which would be confirmed with a clear breach of the best fit...
by Lara | Aug 28, 2015 | Gold |
Price has moved higher. Summary: Short term both wave counts expect this upwards movement is a small correction against a downwards trend, which may end on Monday about 1,148 – 1,150. Thereafter, for a few days price should move lower. The bull count expects the...
by Lara | Aug 25, 2015 | Gold |
Downwards movement fits both Elliott wave counts, but with greatly reduced volume the main Elliott wave count is better supported. Summary: The main wave count expects Gold is in a sideways consolidation which is incomplete. It may end with another three or six days...
by Lara | Aug 21, 2015 | Gold |
Upwards movement to a short term target for Friday was expected. The target at 1,164 – 1,168 was met and slightly exceeded by 0.41. I have a new wave count. Volume analysis favours it, and some problems with the prior Elliott wave count are resolved. Summary:...
by Lara | Aug 19, 2015 | Gold |
Upwards movement was expected. The first target was reached. Today’s Elliott wave analysis will focus on: identifying if this structure is complete, and looking at what price point would provide first confirmation. Summary: Upwards movement is most likely...
