by Lara | Nov 16, 2016 | Gold |
Sideways movement continues but downwards movement was expected. The session did close with a red daily candlestick, but a new low was not made. Summary: A short, quick wave down to a new low may unfold here. If price remains below 1,232.48 in the short term and moves...
by Lara | Nov 15, 2016 | Gold |
Yesterday’s Elliott wave and classic technical analysis expected some sideways / upwards movement for Thursday, which is exactly what happened. Price has found resistance right at the trend line on the daily chart. Summary: A short, quick wave down to a new low...
by Lara | Nov 14, 2016 | Gold |
More downwards movement unfolded as expected. Summary: Some weakness is now seen to this downwards movement. Volume today has declined further and the daily candlestick has a long lower wick. Some sideways / upwards movement may begin here for a few days. If this...
by Lara | Nov 11, 2016 | Gold |
A new low below 1,242.87 has invalidated the main Elliott wave count and confirmed the more bearish alternate. There is only one wave count now. Summary: The classic technical analysis is very bearish. Corrections are an opportunity to join the trend. A correction to...
by Lara | Nov 10, 2016 | Gold |
A consolidation was expected. Downwards movement remains above the invalidation point on the main Elliott wave count. Summary: A consolidation is expected to move sideways for about three weeks. This may be a B wave within a B wave, which do not present good trading...
by Lara | Nov 9, 2016 | Gold |
Upwards movement fell just short of the upper confirmation / invalidation point. Both Elliott wave counts remain valid. Summary: A consolidation is expected to move sideways now for about three weeks. This may be a B wave within a B wave, which do not present good...
by Lara | Nov 8, 2016 | Gold |
Downwards movement unfolded and remains above the invalidation point. Summary: The picture is less clear today. But the invalidation point is very close by, so we may have clarity soon. Assume the trend most likely remains upwards while price remains above 1,264.72....
by Lara | Nov 7, 2016 | Gold |
A slight new high was expected before a sideways consolidation began. No slight new high was seen. Price has moved lower. So far price remains above the invalidation point and tightly contained within a channel. Summary: A fourth wave correction is likely over now....
by Lara | Nov 2, 2016 | Gold |
Yesterday’s Elliott wave analysis expected upwards movement from Gold. Price has moved higher as expected. Summary: On Balance Volume today gives a bullish signal and upwards movement has support from volume. The main Elliott wave count expects a fourth wave...
