by Lara | Jul 17, 2015 | Gold |
Price continues to fall exactly as expected. The Elliott wave count remains the same, and all targets are the same. Summary: Downwards movement should continue. Price is today finding support at the green channel. On the hourly chart, the new red channel may show...
by Lara | Jul 15, 2015 | Gold |
Downwards movement was expected. The Elliott wave count remains the same, supported again by technical analysis indicators. Summary: Downwards movement should continue. Use the brown channel on the hourly chart to indicate where upwards corrections should find...
by Lara | Jul 13, 2015 | Gold |
Both Elliott wave counts expected downwards movement, which is what has happened for Monday’s session. Summary: The main wave count remains the same: it expects downwards movement this week to a target at 1,123 which may be met in three days time. To see weekly...
by Lara | Jul 8, 2015 | Gold |
Yesterday’s hourly Elliott wave chart expected an impulse down to end and be followed by another second wave correction to find resistance at the upper edge of a channel. This is what happened, with the exception of a small fourth wave not moving higher first....
by Lara | Jul 6, 2015 | Gold |
Upwards movement was expected for Monday, which is what happened. Summary: It looks like upwards movement may be over for now: a second wave correction looks complete and today’s volume spike indicates the end of this correction. A third wave down may be ready...
by Lara | Jul 2, 2015 | Gold |
A little upwards movement was expected to 1,180 before more downwards movement, but this is not what happened. At the daily chart level, a new low below 1,162.80 strongly favours the bear Elliott wave count. Summary: It is increasingly likely that the trend is down....
by Lara | Jun 29, 2015 | Gold |
Upwards movement to at least a little above 1,178.78 was expected for both Elliott wave counts. Targets were either 1,181 or 1,186 – 1,188. Price moved higher as expected to reach up to just 0.16 above the second target. Summary: It is most likely that downwards...
by Lara | Jun 25, 2015 | Gold |
A channel breach on the hourly bull Elliott wave count indicated a small correction may have arrived. Summary: Friday should see a little upwards movement most likely to end about 1,188. Thereafter, another five down should begin. If it makes a new low below 1,162.80,...
by Lara | Jun 23, 2015 | Gold |
Both Elliott wave counts expected more downwards movement. Price fell 4.35 short of the short term target on the hourly bear Elliott wave count. Summary: A little upwards movement should now unfold for both bull and bear wave counts. Upwards movement for the bear wave...
