by Lara | Apr 20, 2016 | Gold |
Downwards movement was expected from the main Elliott wave count. Summary: A new low below 1,223.77 would provide strong confirmation for the main wave count as both alternates would then be invalidated. A new high above 1,262.47 would confirm the alternate hourly...
by Lara | Apr 9, 2016 | Gold |
A small inside day has not clarified which Elliott wave count is correct. Summary: Downwards movement is most likely but a trend change is unconfirmed. A new low below 1,217.22 would confirm an end to sideways movement and the resumption of the downwards trend. A new...
by Lara | Apr 7, 2016 | Gold |
The first hourly Elliott wave chart was invalidated with a new high above 1,236.56 confirming the second hourly Elliott wave count. The second wave count expected upwards movement to 1,244. So far price has reached 1,243.19. Summary: Upwards movement would most likely...
by Lara | Apr 6, 2016 | Gold |
The main Elliott wave count so far is playing out as expected. The main Elliott wave count expected a short swing down to about 1,215. Price moved lower and turned at 1,217.22. Summary: A little upwards movement to 1,230 would end a triangle. Thereafter, price should...
by Lara | Apr 5, 2016 | Gold |
The situation is still unclear. Three Elliott wave counts are presented today. Summary: Sideways movement is unconvincing as a C wave up. A break now above 1,236.56 would indicate more upwards movement as likely to above 1,275.24 and maybe as high as 1,302. A break...
by Lara | Apr 4, 2016 | Gold |
The situation remains unclear. Price is range bound. Summary: Price remains range bound. A break above 1,230.82 would indicate more upwards movement to about 1,302 short term, before another downwards swing. Alternatively, a break below 1,208.33 would indicate more...
by Lara | Mar 30, 2016 | Gold |
Price made a slight new high and then turned lower. Upwards movement was expected. Summary: Two wave counts today both expect more upwards movement. In the short term, a third wave up may be beginning. It is reasonably likely that price will reach to 1,275.24. The...
by Lara | Mar 17, 2016 | Gold, Public Analysis |
A small correction followed by more upwards movement is exactly what was expected. Summary: If price remains above 1,255.66 and makes a new high above 1,266.27, then it would be most likely that a third wave up is underway towards 1,327. Alternatively, a new low below...
by Lara | Mar 16, 2016 | Gold |
Upwards movement has unfolded exactly as expected. Summary: The first target for this upwards move to end is at 1,295. If price gets there and the structure is incomplete, or if price just keeps rising through the first target, then the next target is at 1,338. We...
