by Lara | Feb 10, 2016 | Gold |
Sideways movement for a correction was expected. Summary: The trend is still up, but a multi day correction is unfolding. Choppy overlapping sideways movement may continue for one or more likely three more days. It may end either within 1,174 – 1,164 or at...
by Lara | Feb 5, 2016 | Gold |
A small fourth wave correction unfolded as expected, reaching down to 1,145.2, into the target zone which was 1,145.4 – 1,137.29. Thereafter, upwards movement continued as expected. Summary: The trend is up. In the short term, another fourth wave correction may...
by Lara | Feb 4, 2016 | Gold, Gold Historical |
Upwards movement has now breached the final bear market trend line. With confirmation of a trend change, the main wave count should now be bullish. Summary: The final bear market trend line is now breached by a full daily candlestick above it and not touching it. This...
by Lara | Feb 3, 2016 | Gold |
Upwards movement was expected to end either yesterday or very soon. This upwards movement for Wednesday was unexpected but does not yet invalidate the main Elliott wave count. Summary: Price is squeezed between the final bear market trend line and a short term support...
by Lara | Feb 2, 2016 | Gold |
A little more upwards movement was expected. Price has moved slightly higher. Summary: Price is squeezed between the final bear market trend line and a short term support line (now coloured green on all charts for clarity). A break above the cyan line or below the...
by Lara | Jan 29, 2016 | Gold |
Downwards movement breached the invalidation point on the main hourly Elliott wave chart but not the alternate. Summary: There has been no technical confirmation of a trend change for Gold from bear to bull. The bear wave count now expects a big third wave down to...
by Lara | Jan 26, 2016 | Gold |
Yesterday’s analysis expected a new high above 1,112.19 and an upwards breakout, which is exactly what has happened. Summary: The target for both bull and bear wave counts short term is now 1,135. Price will be touching the cyan trend line when it gets there....
by Lara | Jan 22, 2016 | Gold |
Upwards movement was expected. Price moved sideways in a small range to complete a very small red candlestick. Price remains above the invalidation point and is hugging the support line. Summary: The target for the bear wave count remains 1,135. The target for the...
by Lara | Jan 19, 2016 | Gold |
Sideways movement remains above the invalidation point on the hourly chart. The short term Elliott wave count is changed slightly. The longer term picture is the same. Summary: Both wave counts expect upwards movement this week to make a new high above 1,112.19. The...
