by Lara | Jan 7, 2016 | Gold |
Price has broken out of a consolidation upwards. Summary: Short term a third wave may end about 1,113 (if this target is wrong, it may not be high enough). Thereafter, a fourth wave correction should move sideways for a few days and be followed by more upwards...
by Lara | Jan 6, 2016 | Gold |
The short term target for some more upwards movement at 1,091 was reached and passed so far by 3.9. Summary: The main Elliott wave count now expects downwards movement, but classic technical analysis remains bullish. It would be wise to wait for price to confirm a...
by Lara | Jan 5, 2016 | Gold |
A small inside day fits both hourly Elliott wave counts, which remain the same. Summary: The correction is still most likely to end sooner rather than later. It may end with a final push up to a short term target at 1,091. In the short term, a new high reasonably...
by Lara | Jan 4, 2016 | Gold |
Gold remains range bound. I have two Elliott wave counts for the hourly chart today which look at this correction in two different ways. Summary: The correction is most likely to end sooner rather than later. It may end in just one more day with a final push up to a...
by Lara | Dec 18, 2015 | Gold, Gold Historical |
This is the last analysis prior to the Christmas / New Year break. Next analysis will be done after market close for Monday, 4th January, 2016. May you all have a very Merry Christmas and a Happy New Year! Summary: The trend is down. The question is whether a small...
by Lara | Dec 17, 2015 | Gold |
A new low below 1,057.4 confirmed the alternate hourly wave count. Summary: A downwards breakout may be underway. A close below the lower zone of support on a day with an increase in volume looks like a downwards breakout from a consolidation zone. Yesterday’s...
by Lara | Dec 16, 2015 | Gold |
An upwards day was expected. Summary: The correction is very close to completion, but it has not managed to complete in a Fibonacci thirteen days. The target for choppy overlapping upwards movement remains the same at 1,090. It may now be met in one to three days...
by Lara | Dec 15, 2015 | Gold |
Sideways movement to complete a small green doji fits the expectation of a continuing correction. Summary: This correction may still be unfolding as either a single or double flat. The structure is incomplete. It may end in one more day, if it totals a Fibonacci...
by Lara | Dec 14, 2015 | Gold |
Downwards movement on lighter volume fits the profile of a continuing correction for Gold. Summary: This correction may still be unfolding as either a single or double flat. The structure is incomplete. It may end in two more days, if it totals a Fibonacci thirteen....
