by Lara | Nov 26, 2015 | Gold |
Slow sideways movement was expected. I have a new hourly Elliott wave count today which fits recent movement perfectly. Summary: A triangle is most likely completing for a B wave. When it is done price should move strongly higher for a short sharp C wave to end above...
by Lara | Nov 24, 2015 | Gold |
A correction was expected to most likely continue, which is what has happened. Summary: A new high above 1,088.22 would provide confidence that this correction is not over, which at this stage is very likely. The target remains at 1,101 – 1,103. A new low below...
by Lara | Nov 13, 2015 | Gold |
A small inside day leaves both Elliott wave counts valid. Summary: It is more likely that a second wave correction will unfold upwards from here to about 1,118 or 1,145 (less likely). This would be confirmed with a new high above 1,095.89. To see weekly charts click...
by Lara | Nov 6, 2015 | Gold |
The trend was expected to be down. Price continued lower. Summary: Expect surprises to be to the downside as the middle of a big third wave may be approaching. Short term a new high above 1,114.45 and / or a green daily candlestick on either of Gold or Silver will...
by Lara | Nov 5, 2015 | Gold |
More downwards movement was expected. Only one wave count is left now. Summary: Only the bear wave count is left. One by one all bull wave counts have been invalidated. Gold has been in a bear market since September 2011 and there is no technical confirmation of a...
by Lara | Oct 28, 2015 | Gold |
Downwards movement was expected, but price breached the invalidation point on the hourly chart first providing much confusion with the wave count. Summary: In the mid term, downwards movement should continue to at least 1,144. In the short term, a retracement of...
by Lara | Oct 19, 2015 | Gold |
Sideways movement was expected for Monday. Price has moved lower, not sideways, remaining just above the invalidation point on the hourly chart. Summary: Upwards movement is expected to 1,198 – 1,202. The target may be met in one to three days time. Overall, all...
by Lara | Oct 13, 2015 | Gold |
Sideways / downwards movement was expected for both Elliott wave counts. Price moved lower then retraced almost all of the loss to complete a hanging man candlestick pattern for the session. Summary: Both wave counts have problems and price has not yet finally...
by Lara | Sep 25, 2015 | Gold |
Last analysis expected a red candlestick for Friday, which is what happened. Both bull and bear Elliott wave counts remain valid. Summary: The bear wave count now expects a third wave down is developing. The bull wave count expects a B wave down. A new low below...