by Lara | Oct 26, 2016 | Gold |
A little upwards movement to 1,281 – 1,283 was expected before price turned downwards. Price did move downwards, but no new high was made first. Summary: It is concerning for the bear wave count today that volume does not support this downwards day. While the...
by Lara | Oct 22, 2016 | Gold |
Both Elliott wave counts remain viable. Classic technical analysis continues to support the main Elliott wave count. Summary: A new low below 1,258.38 would confirm the main wave count. The target is at 1,227. If this target is wrong, it may not be low enough. It is...
by Lara | Oct 20, 2016 | Gold |
The Elliott wave counts diverged yesterday. Price remains within the confirmation / invalidation points. Classic technical analysis, particularly volume analysis, will be used to judge the probability of each wave count today. Price is the ultimate determinator...
by Lara | Oct 19, 2016 | Gold |
Upwards movement was expected from both the main and alternate Elliott wave counts in yesterday’s analysis. The two Elliott wave counts now diverge. Invalidation and confirmation points will be used to let price tell us which one is correct. And classic...
by Lara | Oct 18, 2016 | Gold |
Upwards movement invalidated the Elliott wave triangle leaving only a combination possible for the correction. With only one hourly Elliott wave count left, the structure is now clearer. Summary: More upwards movement is expected at least short term. If upwards...
by Lara | Oct 17, 2016 | Gold |
Downwards movement was expected for Monday, but this is not what happened. Price moved mostly sideways, and a small inside day closed green. Summary: A small consolidation is completing, which may be an Elliott wave triangle or a multiple. The classic pattern...
by Lara | Oct 15, 2016 | Gold |
A consolidation was expected to continue. Price moved lower within a small range, mostly as expected. Summary: A small triangle may have finished on Friday. The next wave down may be surprisingly short. A target is at 1,230. If this target is wrong, it may be a little...
by Lara | Oct 13, 2016 | Gold |
More sideways movement has unfolded exactly as expected. The breakout is still expected in another one or four days. Summary: A small consolidation continues and may continue for another one or four more days. When the consolidation is complete, price should break out...
by Lara | Oct 12, 2016 | Gold |
Gold continues to move overall sideways within a small range. The main Elliott wave count still expects a breakout in a very few days. Summary: A small consolidation continues and may continue for another two or five more days. There is no support for upwards...
