by Lara | Apr 17, 2017 | Gold |
A shallow consolidation was expected for Friday and Monday. Monday completes a doji, which is essentially sideways movement, as expected. Summary: In the short term, a shallow consolidation may unfold for Friday and Monday while NYSE is closed for Easter. Thereafter,...
by Lara | Mar 6, 2017 | Gold |
Price has moved higher but today’s candlestick closed red. There are still at least two hourly Elliott wave counts for the main daily Elliott wave count. The alternate Elliott wave count has reduced in probability. Summary: In the short term, it looks like a...
by Lara | Mar 2, 2017 | Gold |
A strong breach of the base channel on the main hourly Elliott wave count shifted probability from bullish to bearish. The alternate Elliott wave count was then preferred because it expected more downwards movement. Summary: The new main wave count expects a deep...
by Lara | Mar 1, 2017 | Gold |
All three hourly Elliott wave charts yesterday expected some downwards movement to at least 1,240. Thereafter, the main wave count expected a resumption of upwards movement. The low for the session was 1,237.18 and then from there price bounced to close green....
by Lara | Feb 22, 2017 | Gold |
Gold is still range bound. On Balance Volume today is giving a signal for the next direction for Gold. Summary: Gold has now been range bound for ten sessions. Resistance is at 1,245 and support is at 1,220. A downwards breakout still looks more likely than upwards...
by Lara | Feb 6, 2017 | Gold |
Another upwards day fits the second hourly Elliott wave count. Price is now just above the target range, which was 1,219.11 to 1,233.43. Summary: If we expect the most common scenario to unfold, then we should be right more often than wrong. We will still be wrong...
by Lara | Nov 21, 2016 | Gold, Public Analysis |
Last analysis expected upwards movement to begin the new week. So far this is what has happened. Summary: Upwards movement is expected from here. The target at 1,533 may be met in about six months time. There is divergence with price and Stochastics and RSI indicating...
by Lara | Nov 16, 2016 | Gold |
Sideways movement continues but downwards movement was expected. The session did close with a red daily candlestick, but a new low was not made. Summary: A short, quick wave down to a new low may unfold here. If price remains below 1,232.48 in the short term and moves...
by Lara | Oct 18, 2016 | Gold |
Upwards movement invalidated the Elliott wave triangle leaving only a combination possible for the correction. With only one hourly Elliott wave count left, the structure is now clearer. Summary: More upwards movement is expected at least short term. If upwards...
