by Lara | Jul 12, 2016 | Gold |
Downwards movement was unexpected and invalidated the daily Elliott wave count. Summary: The trend is still up. Corrections are still an opportunity to join the trend. A new high above 1,340.21 would provide price confirmation that the correction is over. Prior to...
by Lara | Jun 16, 2016 | Gold |
The target for upwards movement to end at 1,299 was inadequate. Price reached 16.38 above the target before turning strongly downwards. Summary: A blowoff top has completed minor wave 1. Minor wave 2 down has begun and should be expected to last a Fibonacci 8, 13 or...
by Lara | Jun 15, 2016 | Gold |
More upwards movement was expected for Wednesday’s session to a target at 1,300. Price has moved higher so far reaching 1,296.43. Summary: The trend is weaker today. A correction does look increasingly likely but pinpointing exactly when and where it will begin...
by Lara | Jun 9, 2016 | Gold |
The main Elliott wave count expected upwards movement but the target at 1,267 was inadequate. A new high above 1,269.07 has invalidated the alternate Elliott wave count at the daily chart level, leaving only one wave count now. We have some clarity for the bigger...
by Lara | May 23, 2016 | Gold |
Sideways movement in a small range has not clarified the situation, but On Balance Volume today indicates which Elliott wave count is more likely. Summary: The wave counts are swapped over today. It looks more likely now that Gold will continue lower for several days,...
by Lara | May 17, 2016 | Gold |
The main Elliott wave count yesterday expected more upwards movement, which is what has happened. Summary: At the beginning of this week, the picture is not as clear as last week. The main wave count expected stronger upwards movement. It still does, and the target...
by Lara | Apr 28, 2016 | Gold |
Gold is still range bound. On Balance Volume is giving a clear and strong signal today of what direction price should be expected to break out of this range. Summary: Gold is still technically range bound but an upwards breakout may be imminent. On Balance Volume is...
by Lara | Apr 22, 2016 | Gold |
Downwards movement was expected from both hourly Elliott wave counts. Summary: Gold is still range bound. There are still at least two valid wave counts for this correction and they encompass four possible structures which may unfold next week. This means that short...
by Lara | Apr 1, 2016 | Gold |
Upwards movement was again expected, but this is not what happened. Price moved lower turning just above the invalidation point. Summary: Price remains range bound. An upwards swing is most likely from about here. The Elliott wave target is at 1,302. New updates to...
