by Lara | Oct 4, 2017 | Gold, Public Analysis |
All three hourly Elliott wave charts published yesterday expected at least some upwards movement. So far that is what has happened. Classic analysis will be used today to judge which of the three scenarios looks most likely. Summary: Assume the trend remains down...
by Lara | Sep 28, 2017 | Gold |
Last analysis allowed for more downwards movement. Summary: The bigger picture reverts to seeing a pullback continue here to about 1,261. It may be as low as 1,170 – 1,158. Look out for a short term bounce. It may find resistance about the upper edge of the pink...
by Lara | Aug 28, 2017 | Gold, Gold Historical |
Upwards movement was expected to continue to a target at 1,317. Price has reached 5.03 above the target. Summary: Assume the trend remains the same until proven otherwise. Assume the larger bear market remains intact while price remains below the bear market trend...
by Lara | Apr 6, 2017 | GDX, Gold |
Upwards movement was expected. Price moved lower, but has rebounded strongly after the session closed. Downwards movement remained above the invalidation point on the hourly chart. Summary: Look out for strong upwards movement from both Gold and GDX, which may still...
by Lara | Feb 7, 2017 | Gold |
A small range inside day fits both Elliott wave counts, but the situation is no clearer. Summary: If we expect the most common scenario to unfold, then we should be right more often than wrong. We will still be wrong sometimes, alternates are still possible, but this...
by Lara | Dec 20, 2016 | Gold |
A small downwards day fits the preferred expectations for Gold, but all Elliott wave counts remain valid. Targets remain the same. Summary: It still looks like another new low may unfold before Gold either turns or begins a time consuming consolidation. The target is...
by Lara | Nov 22, 2016 | Gold |
Yesterday’s analysis expected upwards movement overall. Price has overall moved sideways and lower. So far an inside day is completing for Tuesday’s session. Summary: Upwards movement is expected from here. The target at 1,533 may be met in about six...
by Lara | Oct 31, 2016 | Gold |
A very slight new high was expected before downwards movement. Price has moved lower, but it did not make a slight new high first. Summary: A lack of support from volume for today’s downwards movement is concerning for the main wave count in the short term. The...
by Lara | Oct 19, 2016 | Gold |
Upwards movement was expected from both the main and alternate Elliott wave counts in yesterday’s analysis. The two Elliott wave counts now diverge. Invalidation and confirmation points will be used to let price tell us which one is correct. And classic...
