by Lara | Jun 28, 2016 | Gold |
Price moved lower as expected but did not reach the target. Summary: A correction may be over at today’s low, or it may continue yet for a few days. The mid term target is at 1,437 and the long term target is at 1,582. Look out for surprises to the upside....
by Lara | Jun 6, 2016 | Gold |
Sideways movement fits the second Elliott wave count better than the first, but both remain valid while price remains range bound. Summary: At this stage, I would judge the two wave counts to now have an even probability (although volume and On Balance Volume do...
by Lara | May 14, 2016 | Gold |
The main hourly Elliott wave count expected upwards movement which is overall how Friday unfolded. Summary: The trend at intermediate degree still is most likely up. Risk remains at 1,237.97. The target remains at 1,477. It is possible that price may move lower on...
by Lara | May 12, 2016 | Gold |
A little downwards movement was expected from yesterday’s hourly Elliott wave count to end about either 1,270.53 or 1,265.46. So far price has moved lower to 1,263. Summary: It is still likely that a third wave upwards is in the very early stages. The target...
by Lara | Apr 19, 2016 | Gold |
Downwards movement was expected from the main Elliott wave count. The main hourly count was invalidated above 1,241.55 and the alternate was confirmed. The alternate expected more upwards movement. Summary: A new low below 1,223.77 would provide strong confirmation...
by Lara | Apr 3, 2016 | Gold |
I have a new alternate Elliott wave count for you. Summary: If price makes a new low below 1,208.33 on Monday and remains below 1,235.16, then expect overall more downwards movement for another few days most likely to end about 1,131. This alternate is possible but...
by Lara | Mar 29, 2016 | Gold |
Upwards movement was unexpected and invalidated the hourly Elliott wave count. Summary: Two wave counts today both expect more upwards movement. It is reasonably likely that price will reach to 1,275.24. Upwards movement is most likely a B or X wave within a larger...
by Lara | Dec 15, 2015 | Gold |
Sideways movement to complete a small green doji fits the expectation of a continuing correction. Summary: This correction may still be unfolding as either a single or double flat. The structure is incomplete. It may end in one more day, if it totals a Fibonacci...
by Lara | Nov 27, 2015 | Gold |
An upwards breakout of a triangle was expected. Price broke out downwards, which was confirmed with a new low below 1,066.63. The Elliot wave count has changed. Summary: An impulse downwards is most likely complete. A correction upwards should unfold next week. The...
