by Lara | Feb 6, 2017 | Gold |
Another upwards day fits the second hourly Elliott wave count. Price is now just above the target range, which was 1,219.11 to 1,233.43. Summary: If we expect the most common scenario to unfold, then we should be right more often than wrong. We will still be wrong...
by Lara | Feb 2, 2017 | Gold |
Two hourly Elliott wave counts look at two possible scenarios for the next session. Summary: The target for this next wave down to end is at 1,164 – 1,160. First, a breach of the Elliott channel on the hourly charts is required for any confidence in a high. A...
by Lara | Feb 1, 2017 | Gold |
A new low below 1,202.92 invalidated the alternate hourly Elliott wave count and added confidence to the main hourly Elliott wave count. Summary: The target for this next wave down to end is at 1,154. If a new high above 1,214.91 is seen, then expect some more upwards...
by Lara | Jan 30, 2017 | Gold |
Upwards movement was expected for Monday’s session. The target on the hourly Elliott wave count is not yet met, so the analysis today will focus on whether or not this bounce is complete. Summary: It looks more likely that the bounce is complete today and a...
by Lara | Jan 26, 2017 | Gold |
Downwards movement continued exactly as expected for Gold. The Elliott wave count remains the same. The hourly wave count will be watched carefully to manage short positions. Summary: A deeper pullback has most likely begun. Short positions should be watched carefully...
by Lara | Jan 23, 2017 | Gold |
A small upwards day has made a slight new high. Both Elliott wave counts remain the same. Summary: The bottom line is still that it must be accepted there is no indication yet of an end to this upwards wave while Gold remains within the channel and above the...
by Lara | Jan 19, 2017 | Gold |
Price moved lower and bounced up off the lower edge of the channel on the daily and hourly Elliott wave charts. This indicates the main hourly Elliott wave count remains more likely than the alternate. Summary: The bottom line is still that it must be accepted there...
by Lara | Jan 17, 2017 | Gold |
Upwards movement continued to the target on the main hourly Elliott wave count. Summary: Targets for upwards movement to end are 1,219 (about 40% likely) or 1,238 (about 60% likely). In the short term, a new low below 1,207.34 would indicate a deeper correction may be...
by Lara | Jan 16, 2017 | Gold |
Upwards movement invalidated the main hourly Elliott wave count and confirmed the alternate. The target is now adjusted. Summary: The new target for upwards movement to end is 1,219. In the short term, a new low below 1,187.97 would indicate a trend change and a...
