by Lara | May 10, 2016 | Gold |
Upwards movement was expected for Tuesday’s session. Price moved sideways to complete a small green doji. Summary: It is still most likely that price will begin a third wave up from here or very soon. The target remains at 1,477 and risk remains at 1,237.97. New...
by Lara | May 7, 2016 | Gold |
Upwards movement was expected from last analysis. Volume continues to favour the main Elliott wave count. Summary: Volume supports upwards movement and not downwards movement. The probability of new highs next week looks good. A new high above 1,303.51 would confirm a...
by Lara | May 5, 2016 | Gold |
Price moved slightly lower, which was allowed for but not expected from yesterday’s analysis. Summary: This looks like a good set up now for a long trade on Gold. Price has broken out of a consolidation on increased volume, now turned down to find support at...
by Lara | Apr 21, 2016 | Gold |
A new high above 1,262.47 invalidated the main hourly Elliott wave count and confirmed the alternate. I have three Elliott wave counts for you today. Summary: Gold is still range bound. There are still at least two valid wave counts for this correction and they...
by Lara | Apr 13, 2016 | Gold |
A new low below 1,243.69 has provided some confidence in the main Elliott wave count. The alternate Elliott wave count remains valid. Summary: A new low below 1,209.08 would confirm the main wave count and invalidate the alternate. Unfortunately, there is no upper...
by Lara | Apr 12, 2016 | Gold |
A small range day to a slight new high does not clarify which Elliott wave count is correct. The main Elliott wave count still has a higher probability. Summary: A new low below 1,243.69 would provide some confidence in the main wave count and reduce the probability...
by Lara | Mar 31, 2016 | Gold |
Upwards movement was expected. This is how the session began but most gains were retraced. Summary: Two wave counts today both expect more upwards movement. In the short term, a third wave up may still be beginning. It is reasonably likely that price will reach to...
by Lara | Mar 22, 2016 | Gold |
A little downwards movement to 1,238 was expected before upwards movement. This is not quite what happened. Price did not move any lower, but it did move higher to complete a small green doji. Summary: I have three wave counts today. None see minor 5 as underway and...
by Lara | Mar 21, 2016 | Gold |
A new low indicated that the correction was deepening to be closer to the 0.618 Fibonacci ratio. This was not what was expected for Monday. Summary: A target for this downwards movement to end is close by at 1,238. Thereafter, a third wave up should begin; confidence...
