by Lara | May 11, 2015 | Gold |
Both bull and bear Elliott wave counts remain valid. Price has not yet told us which one is correct. I am concerned that volume is lower for Monday’s down day. Summary: In the short term, both wave counts expect downwards movement from here. The short term...
by Lara | May 9, 2015 | Gold |
I have a new bull Elliott wave count which resolves some of the problems with the prior bullish Elliott wave count. Summary: Both bull and bear wave counts expect at least some downwards movement early next week: this new bull wave count down to 1,160 and the bear...
by Lara | May 8, 2015 | Gold |
Both bull and bear Elliott wave counts remain valid. Price has not yet told us which one is correct. Summary: The bear wave count requires a very strong downwards move from here. A new low below 1,169.94 would provide some confidence that price is breaking out...
by Lara | May 7, 2015 | Gold |
Lower highs and lower lows and volume continue to favour the bear Elliott wave count. Summary: In the very short term one final small fifth wave down to 1,177 would complete an impulse for both wave counts at the hourly chart level. Thereafter, they again diverge. The...
by Lara | May 6, 2015 | Gold |
A small inside day for Wednesday importantly shows higher volume. Volume consistently continues to support the bear Elliott wave count. Summary: The bull and bear wave counts diverge. The bull count expects a third or C wave up to 1,237. The bear count expects a third...
by Lara | May 5, 2015 | Gold |
Yesterday, short term hourly Elliott wave charts expected upwards movement to at least 1,198. Price has reached up to 1,200.03 so far. Summary: In the short term the bull wave count expects a small fifth wave up to about 1,209 and the bear wave count maybe only to...
by Lara | Apr 30, 2015 | Gold |
Two Elliott wave counts expected downwards movement to 1,197 to 1,200. The alternate bear Elliott wave count expected the start of a strong third wave down. Price has moved strongly lower. All three Elliott wave counts remain valid. Summary: The wave counts now...
by Lara | Apr 29, 2015 | Gold |
A small down day has not breached any invalidation points. All three Elliott wave counts remain valid. Summary: In the short term I expect at least a little more downwards movement to 1,200 – 1,197. It is possible that the small down day for Wednesday is the...
by Lara | Apr 28, 2015 | Gold |
Upwards movement continued which fits the bullish alternate Elliott wave count. A new high above 1,210.88 indicated a third wave up may be underway. Summary: Gold is still within the sideways consolidation range it has been in since 27th March. The situation is still...
