by Lara | Nov 3, 2016 | Gold |
The main hourly Elliott wave count expected a fourth wave correction to end within a range of 1,291.63 to 1,285.41. Downwards movement for the session ended at 1,286.17. Thereafter, price has turned upwards as expected. Summary: A fifth wave up may be beginning. The...
by Lara | Oct 25, 2016 | Gold |
Yesterday’s main Elliott wave count expected downwards movement, but this has not happened. Classic technical analysis will be used today to judge the probability of the main vs. alternate Elliott wave counts. Summary: A lack of support from volume today is very...
by Lara | Oct 24, 2016 | Gold |
An outside day closes with a red candlestick, which slightly favours the main Elliott wave count. Both Elliott wave counts remain viable while price remains within the consolidation / invalidation points. Summary: A new low below 1,247.67 would confirm the main wave...
by Lara | Sep 26, 2016 | Gold |
Mostly sideways movement was expected for Monday. A green daily doji candlestick fits expectations perfectly. Summary: The short term target is at 1,344. The next daily candlestick is expected to be green, and this is supported by a bullish signal today from On...
by Lara | Sep 21, 2016 | Gold |
Upwards movement was expected. Summary: The trend is up. The mid term target is at 1,437. The long term target is at 1,585. At this stage, expectations are for price to continue overall upwards for another one to few days before another counter trend pullback begins....
by Lara | Sep 16, 2016 | Gold |
Upwards movement was expected for Friday’s session but did not happen. Price remains above the invalidation point on the daily chart, which is where final risk remains. Summary: Divergence between the last two swing lows for price and RSI indicate bears are...
by Lara | Aug 10, 2016 | Gold |
Again, upwards movement was expected. Summary: The trend is up. The target remains at 1,582. Further and substantial confidence may now be had in the trend and targets if price can move above 1,366.87. A new low below 1,310.84 would invalidate the main wave count and...
by Lara | Aug 5, 2016 | Gold |
A correction was expected to end about 1,347 – 1,346. A lower target was considered at 1,333. Price moved well below the preferred higher target. Summary: The trend is up. The target remains at 1,582. Monday may begin with a very little downwards movement before...
by Lara | Aug 2, 2016 | Gold |
Again, upwards movement unfolded as expected from the Elliott wave count and classic technical analysis. Summary: The trend is up. The target remains at 1,582. Corrections are an opportunity to join the trend. Invest no more than 3-5% of equity on any one trade and...
