by Lara | May 21, 2016 | Gold |
The main Elliott wave count expected upwards movement for Friday’s session. Price moved sideways in a small range. Summary: At the end of the week the situation is unclear. Classic technical analysis at the weekly chart level this week favours the alternate...
by Lara | May 19, 2016 | Gold |
More downwards movement was expected to a target at 1,250 for the main Elliott wave count. Price reached 5.65 below the target to reach 1,244.35 during the session. Summary: The main wave count expects upwards movement from here to a short term target at 1,415 and a...
by Lara | May 18, 2016 | Gold |
The main Elliott wave count was invalidated at the hourly chart level with a new low below 1,269.63. At that stage, both alternates expected more downwards movement. Summary: More downwards movement should be expected from here. The preferred wave count (about a 60%...
by Lara | May 2, 2016 | Gold |
Price has moved a little lower after a channel breach of the hourly chart. The long term Elliott wave targets remain the same. Summary: In the short term, a second wave correction, when it is over, may present an opportunity to join the upwards trend. The short term...
by Lara | Apr 30, 2016 | Gold |
Gold has broken out of a consolidation upwards exactly as expected. Summary: Expect price to keep rising while it remains within the best fit channel on the hourly chart. The target for this trend to end is at this stage 1,477. If the channel is breached, then draw a...
by Lara | Apr 28, 2016 | Gold |
Gold is still range bound. On Balance Volume is giving a clear and strong signal today of what direction price should be expected to break out of this range. Summary: Gold is still technically range bound but an upwards breakout may be imminent. On Balance Volume is...
by Lara | Apr 27, 2016 | Gold, Public Analysis |
Gold remains within a consolidation. The question is: What direction will price break out? On Balance Volume is today giving an indication. Summary: Gold is still range bound. On Balance Volume is today indicating the breakout direction is more likely to be up. It may...
by Lara | Apr 26, 2016 | Gold |
Another small range day continues the consolidation. Summary: Gold is still range bound. There are still at least two valid wave counts for this correction and they encompass four possible structures which may unfold this week. This means that short term price swings...
by Lara | Apr 25, 2016 | Gold |
Price is still consolidating. Downwards movement was expected as most likely, but price moved slightly higher on a very quiet day with very light volume. Summary: Gold is still range bound. There are still at least two valid wave counts for this correction and they...
