by Lara | Feb 8, 2018 | Gold |
Another downwards day was expected to see price continue towards the target. Summary: Price is at support, so the target may not be met. For the short term, a new high above 1,327.81 and then above the yellow best fit channel would indicate an end to the downwards...
by Lara | Feb 7, 2018 | Gold |
Price continues to move lower towards the target as expected from the main Elliott wave count. Summary: The target for this downwards wave remains at 1,286 – 1,284. About there a reversal and a strong bounce may begin. The mid term picture still expects that...
by Lara | Feb 6, 2018 | Gold |
Price reacted downwards off the trend channel on the hourly charts and has bounced up from support at the lower edge. Summary: Assume resistance and support at the trend channel for the short term. If price breaks above the upper edge, look for a strong bounce. The...
by Lara | Jan 27, 2018 | Gold, Gold Historical, Lara's Weekly |
Downwards movement still remains contained within the channel and above the short term invalidation point. Sideways movement for Friday leaves the Elliott wave count the same. Summary: The target for this upwards wave to end is at this stage still 1,432. Assume the...
by Lara | Jan 23, 2018 | Gold |
At least a little upwards movement to a target at 1,339 was expected. Upwards movement has unfolded to reach 1,342.08 so far. Summary: The main wave count expects a trend change to a new bear market to last one to several years, and the target is 470. However, for the...
by Lara | Jan 22, 2018 | Gold |
Sideways movement continues. The short term picture at the hourly chart level is now changed with changing market conditions. With the high remaining in place, the main wave count is the same at the daily chart level. Summary: The main wave count expects a trend...
by Lara | Jan 20, 2018 | Gold |
Downwards and sideways movement to end the week fits the main wave count. But while price action so far looks right, this main wave count does not have support from classic analysis at the end of this week. Two alternates are considered. Summary: The main wave count...
by Lara | Jan 18, 2018 | Gold |
Price continues to move slowly lower as the main wave count expects it to. Summary: The main wave count expects a trend change to a new bear market to last one to several years, and the target is 470. A new low below 1,324.93 now offers further confidence in this...
by Lara | Jan 17, 2018 | Gold, Gold Historical |
Again, price has moved lower as the main wave count expected it to. A breach of the channel adds a little confidence, but the confidence price point has not yet been passed. Alternates should still be considered. Summary: The main wave count expects a trend change to...
