by Lara | Feb 24, 2016 | Gold |
Last analysis expected a correction should continue. Although price breached a short term upper invalidation point the red candlestick with a long upper shadow fits a correction. Summary: The correction is most likely still incomplete. It may continue sideways for a...
by Lara | Dec 14, 2015 | Gold |
Downwards movement on lighter volume fits the profile of a continuing correction for Gold. Summary: This correction may still be unfolding as either a single or double flat. The structure is incomplete. It may end in two more days, if it totals a Fibonacci thirteen....
by Lara | Dec 3, 2015 | Gold |
Upwards movement was expected. Summary: The target for this correction to end is at 1,082 – 1,084. It may reach the target in four more days time. Upwards movement is still expected to be a correction against the downwards trend. New updates to this analysis are...
by Lara | Nov 12, 2015 | Gold |
A green candlestick or doji was expected for Thursday’s session but did not happen. The third hourly wave count was confirmed with a new low below 1,075.31. Summary: A new low below 1,074.27 would indicate a strong fifth wave down is underway. The target is at...
by Lara | Oct 9, 2015 | Gold |
Upwards movement invalidated the bear Elliott wave count and confirmed the bull. With some adjustment, the bear Elliott wave count is still valid and will only be discarded when the channel containing this bear market is breached. The bear wave count will remain...
by Lara | Oct 1, 2015 | Gold |
A small red doji candlestick fits both Elliott wave counts nicely, for the short term. Summary: Both Elliott wave counts expect a small consolidation has begun. However, we do not have confirmation at the hourly chart level yet. Only a breach of the channel on the...
by Lara | Sep 23, 2015 | Gold |
Yesterday’s analysis expected a little more downwards movement to 1,116 for both Elliott wave counts, but this is not what happened. Price moved higher. Summary: Short term both wave counts expect a little upwards movement to 1,137. Thereafter, both wave counts...
by Lara | Jun 2, 2015 | Gold |
Upwards movement was expected for both the bull and main bear Elliott wave counts. Summary: Both bull and bear wave counts still expect upwards movement to continue for a few days. The bull wave count has a minimum requirement at 1,232.49 and a maximum at 1,242.91....
by Lara | May 27, 2015 | Gold |
A little downwards movement was allowed for. Price remains within the channel and above the invalidation points which are very close by. Summary: Both bull and bear wave counts now expect upwards movement for a few days. The bull wave count has a minimum requirement...
