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 | Oct 14, 2015 | Gold |
After a new high above 1,170.19 was made only two wave counts remained valid and both expected more upwards movement, which is what happened. The new high strongly favours the bull Elliott wave count. Summary: The target for upwards movement to be interrupted is...
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 | Oct 5, 2015 | Gold |
A slight new high on light volume changes both Elliott wave counts. The bull and bear Elliott wave counts now diverge. Summary: The bear wave count expects downwards movement and would be confirmed with a new low below 1,098.85; the target is 1,058. The bull wave...
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...
by Lara | Sep 18, 2015 | Gold |
Short term the bear wave count expected upwards movement to 1,143. Price has moved higher to 1,141.83. Summary: Both wave counts expect downwards movement from here: the bear for the middle of a big third wave and the bull for a fourth wave correction which should...
by Lara | Sep 17, 2015 | Gold |
Both Elliott wave counts remain valid today. Summary: Upwards movement favours the bull Elliott wave count, but it is not enough to invalidate the bear Elliott wave count. I am changing the bear wave count slightly to see this upwards movement as minuette wave (ii),...
by Lara | Jun 8, 2015 | Gold |
A small inside day fits both Elliott wave counts at the hourly chart level. The Elliott wave counts remain the same. Summary: Structure indicates it is still more likely we shall see a little more downwards movement before this wave is over; the target is now...
by Lara | May 28, 2015 | Gold |
A little more downwards movement was still allowed for. The invalidation points are now extremely close by, but still not breached. Summary: Both bull and bear wave counts still expect upwards movement for a few days. The bull wave count has a minimum requirement at...
