by Lara | Jul 13, 2016 | Gold |
Upwards movement confirmed the main Elliott wave count and invalidated the alternate. I have three daily and hourly Elliott wave counts today. Summary: The trend is still up. Corrections are still an opportunity to join the trend. The long term target remains the same...
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 | Jul 11, 2016 | Gold |
A five up completed and is being followed by a three down. The daily Elliott wave count and targets remain the same. Summary: The trend is up. Corrections present an opportunity to join the trend. Expect upwards momentum to increase this week. The target for this...
by Lara | Jul 9, 2016 | Gold |
The main hourly Elliott wave count was invalidated and the alternate confirmed. Thereafter, price moved lower towards the target then turned upwards as expected for that wave count. Summary: The trend is up. Corrections present an opportunity to join the trend. Expect...
by Lara | Jul 7, 2016 | Gold |
Upwards movement was expected as most likely from the main Elliott wave count. The alternate expected a little downwards movement. Summary: The trend is up. Corrections present an opportunity to join the trend. Expect upwards momentum to increase in coming weeks. The...
by Lara | Jul 5, 2016 | Gold |
A correction was expected to end at a target zone given at 1,337 – 1,339. Price moved lower to reach 1,338.21 and turned there to continue upwards, exactly as expected. Summary: The trend is up. Corrections present an opportunity to join the trend. Expect...
by Lara | Jul 4, 2016 | Gold |
The main Elliott wave count from last analysis expected price to move higher, which is what has happened. Summary: At this stage, a third wave up is still the more likely scenario, but it remains possible a deeper second wave correction could be completing first. If a...
by Lara | Jul 1, 2016 | Gold |
Upwards movement invalidated the main hourly Elliott wave count increasing the probability of the two alternates, both of which expected price to move higher. Summary: Probability has shifted to a third wave up being underway. The mid term target remains at 1,437....
by Lara | Jun 30, 2016 | Gold |
Downwards movement was expected for the main hourly Elliott wave count, but this is not what happened. However, price remains below the invalidation point, so all three hourly wave counts remain valid. Summary: It still looks more likely today that a correction will...
