by Lara | Jul 14, 2015 | Gold |
A small red candlestick fits the Elliott wave count. Summary: The main wave count remains the same: it expects downwards movement this week to a target at 1,123 which may be met in two or five days time. To see weekly charts click here. Changes to last analysis are...
by Lara | Jul 13, 2015 | Gold |
Both Elliott wave counts expected downwards movement, which is what has happened for Monday’s session. Summary: The main wave count remains the same: it expects downwards movement this week to a target at 1,123 which may be met in three days time. To see weekly...
by Lara | Jul 10, 2015 | Gold |
Downwards movement was expected for Friday. The session did begin with some downwards movement, but price turned higher to complete a green candlestick for Friday which was not what was expected. Price remains below the invalidation point on the hourly Elliott wave...
by Lara | Jul 9, 2015 | Gold |
Yesterday’s hourly Elliott wave chart expected an impulse down to end and be followed by another second wave correction to find resistance at the upper edge of a channel. This is what happened, with the exception of a small fourth wave not moving higher first....
by Lara | Jul 8, 2015 | Gold |
Yesterday’s hourly Elliott wave chart expected an impulse down to end and be followed by another second wave correction to find resistance at the upper edge of a channel. This is what happened, with the exception of a small fourth wave not moving higher first....
by Lara | Jul 7, 2015 | Gold |
Yesterday’s main Elliott wave count expected a third wave down. Downwards movement is showing an increase in momentum, exactly as the main Elliott wave count expected. Summary: The case for a bearish breakout is strengthened; downwards movement should continue....
by Lara | Jul 6, 2015 | Gold |
Upwards movement was expected for Monday, which is what happened. Summary: It looks like upwards movement may be over for now: a second wave correction looks complete and today’s volume spike indicates the end of this correction. A third wave down may be ready...
by Lara | Jul 3, 2015 | Gold |
A small upwards correction was expected for the very short term, which is what is happening as the week comes to a close. Summary: It is likely that Monday will see a little more upwards movement to 1,181 – 1,184. Thereafter, both bull and bear wave counts need...
by Lara | Jul 2, 2015 | Gold |
A little upwards movement was expected to 1,180 before more downwards movement, but this is not what happened. At the daily chart level, a new low below 1,162.80 strongly favours the bear Elliott wave count. Summary: It is increasingly likely that the trend is down....
