by Lara | Sep 29, 2017 | Gold |
A short term bounce was expected to continue for Friday. Price made a higher high and a higher low fitting the definition of upwards movement. The Elliott wave counts for this week nicely predicted price action. Summary: The bigger picture sees a pullback continue...
by Lara | Jul 20, 2017 | Gold |
Upwards movement overall continues towards the target. Today the invalidation point on the hourly Elliott wave chart was invalidated by 1.05 before price turned upwards again. Summary: The target is now at 1,260. It may now be met within five sessions. There should be...
by Lara | Jun 23, 2017 | Gold |
Upwards movement has continued as the main Elliott wave count expected. Summary: A bounce or a sideways consolidation has begun within the larger downwards trend. With On Balance Volume at resistance, price at resistance, and weak volume for Friday, look out for a...
by Lara | Jun 8, 2017 | Gold |
Downwards movement remained just above the invalidation point on the daily chart. The target is adjusted. Summary: The Elliott wave target for upwards movement to end is now 1,308, just below the classic analysis target at 1,310, giving a $2 range with a reasonable...
by Lara | Jun 2, 2017 | Gold |
Upwards movement was unexpected and invalidated the hourly Elliott wave count. Summary: Some sideways movement to remain above 1,269.45 and then another short upwards movement to touch the maroon trend line is expected next week. If the trend line is touched, it...
by Lara | May 30, 2017 | Gold |
A little upwards movement was expected but price fell $8 short of the target. Summary: The bounce for minor B looks complete. Downwards movement is expected for one to a few weeks. The first weekly chart has a target at 1,141. The second weekly chart has a target...
by Lara | May 9, 2017 | Gold |
The target at 1,214 was met. However, the Elliott wave structure is incomplete with conditions entering oversold and On Balance Volume again at support. Summary: The target is now at 1,202. If price makes a new high short term above 1,225.18, then the probability that...
by Lara | May 8, 2017 | Gold |
The target, which has not been met, remains the same. Summary: The target is still 1,214. If this is wrong, it may be too low because price is at strong support and On Balance Volume is at support at the weekly and daily chart levels. Look out for a bounce to begin...
by Lara | May 6, 2017 | Gold |
A little sideways movement followed by another wave down was expected in last analysis. This is what has happened. Summary: The new target for Monday is 1,214. If this is wrong, it may be too low because price is at strong support and On Balance Volume is at support...
