by Lara | Sep 2, 2015 | Gold |
Downwards movement was expected for Wednesday’s session for Gold. Today’s analysis will answer the question of whether or not price has confirmed the trend. Summary: The channel on the hourly chart is breached, but the breach is not convincing and there is...
by Lara | Sep 1, 2015 | Gold |
Today’s Elliott wave analysis will answer the question of whether or not the correction is over, and also what to look out for with regards to confirmation. Summary: The downwards trend should resume, which would be confirmed with a clear breach of the best fit...
by Lara | Aug 31, 2015 | Gold |
A small correction is unfolding sideways. The correction was expected to end Monday about 1,148 – 1,150, but it is not unfolding exactly as expected. Summary: Both wave counts expect this correction is not yet over and should keep going sideways for another day,...
by Lara | Aug 28, 2015 | Gold |
Price has moved higher. Summary: Short term both wave counts expect this upwards movement is a small correction against a downwards trend, which may end on Monday about 1,148 – 1,150. Thereafter, for a few days price should move lower. The bull count expects the...
by Lara | Aug 27, 2015 | Gold |
Downwards movement was expected. Price moved sideways to complete a very small red doji. Summary: For the short term, both wave counts still expect downwards movement. The bull count expects a zigzag down to end most likely within a range of 1,105 – 1,091. The...
by Lara | Aug 26, 2015 | Gold |
Movement below 1,119.23 has invalidated how the bull wave count was labelled for most recent movement and reduced the probability overall of that count. At this stage, I now have a bull and bear count which have about an even probability. Price should tell us which...
by Lara | Aug 25, 2015 | Gold |
Downwards movement fits both Elliott wave counts, but with greatly reduced volume the main Elliott wave count is better supported. Summary: The main wave count expects Gold is in a sideways consolidation which is incomplete. It may end with another three or six days...
by Lara | Aug 24, 2015 | Gold |
Some downwards movement was expected for the new wave count in the short term, which is what has happened. Movement was choppy and overlapping and moved lower for Monday. Today I will expand on three different ideas for the new wave count at the weekly chart level....
by Lara | Aug 21, 2015 | Gold |
Upwards movement to a short term target for Friday was expected. The target at 1,164 – 1,168 was met and slightly exceeded by 0.41. I have a new wave count. Volume analysis favours it, and some problems with the prior Elliott wave count are resolved. Summary:...
