by Lara | Jun 16, 2016 | Gold |
The target for upwards movement to end at 1,299 was inadequate. Price reached 16.38 above the target before turning strongly downwards. Summary: A blowoff top has completed minor wave 1. Minor wave 2 down has begun and should be expected to last a Fibonacci 8, 13 or...
by Lara | Jun 15, 2016 | Gold |
More upwards movement was expected for Wednesday’s session to a target at 1,300. Price has moved higher so far reaching 1,296.43. Summary: The trend is weaker today. A correction does look increasingly likely but pinpointing exactly when and where it will begin...
by Lara | Jun 14, 2016 | Gold |
Yesterday’s analysis expected one more high to 1,289. Price moved up to a high at 1,289.59 for the session. Summary: The trend is tired but may still not be over even though the channel is breached. Another high to 1,300 may still unfold. Trading advice: This...
by Lara | Jun 13, 2016 | Gold |
Upwards movement continued as per the alternate hourly Elliott wave count. The channel on the hourly chart remains intact. Summary: At least one more high is now required to complete the structure. The target is at 1,289. If price keeps going up, then the next target...
by Lara | Jun 11, 2016 | Gold |
The first target for upwards movement at 1,277 was met and exceeded by only 0.77. Summary: A downwards correction looks like it is more likely now to start on Monday and last at least one week. This would be confirmed by a breach of the channel on the hourly chart,...
by Lara | Jun 7, 2016 | Gold |
The Elliott wave counts are swapped over today. The long term target remains the same for the new main Elliott wave count. The short term target is changed. Summary: The main wave count expects an impulse to end with a final fifth wave up at 1,255. Thereafter, a...
by Lara | May 25, 2016 | Gold |
Price continued lower, which is what the wave count expected while price remained within the channel. Summary: A fourth wave correction looks like it may begin here and may last one to three days. The target is at 1,244. The trend at this stage is down and the final...
by Lara | May 24, 2016 | Gold |
Downwards movement was expected as most likely for yesterday’s main Elliott wave count. Summary: The wave count now expects more downwards movement. Along the way down there should be two fourth wave corrections which should show up on the daily chart. A breach...
by Lara | May 23, 2016 | Gold |
Sideways movement in a small range has not clarified the situation, but On Balance Volume today indicates which Elliott wave count is more likely. Summary: The wave counts are swapped over today. It looks more likely now that Gold will continue lower for several days,...
