by Lara | Nov 30, 2016 | Gold, Gold Historical |
A new low below 1,172.10 indicated more downwards movement, but the target for the alternate Elliott wave count at 1,169 was inadequate. Summary: Either a consolidation to last at least a few days or a trend change to a new wave up is expected now. If the new low...
by Lara | Nov 29, 2016 | Gold |
Upwards movement was expected, but this is not what has happened. Price has moved mostly sideways to complete a small red doji and remains above the invalidation point on the hourly chart. Summary: The target for a six month long wave up is 1,500 and some confidence...
by Lara | Nov 25, 2016 | Gold |
A short, sharp wave down to about 1,170 was expected for Friday’s session. This is what happened. Downwards movement reached 1,172.10 before reversing. Summary: Gold is in a downwards trend. The main Elliott wave count has little support from classic technical...
by Lara | Nov 24, 2016 | Gold |
A very quiet sideways session while New York is closed for Thanksgiving Day includes a slight new low. This makes a difference to the short term picture for the main Elliott wave count. Summary: A small fourth wave triangle is ending. It should be followed by a short...
by Lara | Nov 23, 2016 | Gold |
The main Elliott wave count was invalidated with a new low below 1,204.05, and the target at 1,203 was inadequate for the alternate Elliott wave count. Summary: Another strong downwards day has support from volume, and indicators suggest the trend is down. A new low...
by Lara | Nov 22, 2016 | Gold |
Yesterday’s analysis expected upwards movement overall. Price has overall moved sideways and lower. So far an inside day is completing for Tuesday’s session. Summary: Upwards movement is expected from here. The target at 1,533 may be met in about six...
by Lara | Nov 21, 2016 | Gold, Public Analysis |
Last analysis expected upwards movement to begin the new week. So far this is what has happened. Summary: Upwards movement is expected from here. The target at 1,533 may be met in about six months time. There is divergence with price and Stochastics and RSI indicating...
by Lara | Nov 19, 2016 | Gold |
The target zone at 1,204 – 1,199 was almost met. Price made a low at 1,204.05 for Friday. Summary: Upwards movement is expected from here. The target at 1,533 may be met in about six months time. There is divergence with price and Stochastics and RSI indicating...
by Lara | Nov 17, 2016 | Gold |
A short, quick downwards wave was expected for Thursday’s session. A red daily candlestick fits this expectation. Summary: Look out for a trend change for Gold and the start of a new upwards wave to new highs, which may last about six months. The target for...
