by Lara | Jul 14, 2015 | Gold |
A small red candlestick fits the Elliott wave count. 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 two or five days time. To see weekly charts click here. Changes to last analysis are...
by Lara | Jul 3, 2015 | Gold |
A small upwards correction was expected for the very short term, which is what is happening as the week comes to a close. Summary: It is likely that Monday will see a little more upwards movement to 1,181 – 1,184. Thereafter, both bull and bear wave counts need...
by Lara | Jun 24, 2015 | Gold |
Both Elliott wave counts expected a little upwards movement, which may have been quick and brief, but price moved lower after a little sideways movement. Summary: A small correction is either underway or due very soon indeed. Today’s long lower wick on the red...
by Lara | Jun 15, 2015 | Gold |
Sideways movement in a larger range fits the bear Elliott wave count at the hourly chart level better than the bull. Summary: The bear wave count expects downwards movement to 1,165.76 minimum before another five wave structure up to a target at 1,205 (that target may...
by Lara | Apr 24, 2015 | Gold |
A new low below 1,184.04 has invalidated two Elliott wave counts, leaving now only two valid Elliott wave counts. Summary: Gold is breaking out to the downside. Only wave counts 2 and 4 remain, which I will now label bull and bear respectively. A short term target for...
by Lara | Apr 15, 2015 | Gold, Gold Historical |
Downwards movement for Wednesday was expected, but this is not what happened. While upwards movement remains below the invalidation point it makes the situation unclear. I will present four Elliott wave counts, 2 bull and 2 bear. Members should use their own preferred...
by Lara | Feb 24, 2015 | Gold |
Downwards movement and an increase in momentum were expected. Price remains within the lower half of the channel on the hourly chart, but has not managed to make a new low. Summary: I still expect a third wave down is unfolding. The target for it to end is 1,124. The...
by Lara | Feb 6, 2015 | Gold |
The middle of a third wave down has just passed, exactly as expected. Summary: The middle of a third wave has just passed. The target for it to end is still at 1,224 which may be met on Monday. Be aware Gold sometimes exhibits strong fifth waves and if this target is...
by Lara | Jan 30, 2015 | Gold |
Downwards movement did not continue as expected. A new high above 1,272.34 invalidated the Elliott wave count at the hourly chart level. Summary: In the short term I expect upwards movement to end about 1,281 – 1,287. This upwards movement is a deep second wave...
