by Lara | Nov 29, 2016 | Gold |
Upwards movement was expected, but this is not what has happened. Price has moved mostly sideways to complete a small red doji and remains above the invalidation point on the hourly chart. Summary: The target for a six month long wave up is 1,500 and some confidence...
by Lara | Nov 25, 2016 | Gold |
A short, sharp wave down to about 1,170 was expected for Friday’s session. This is what happened. Downwards movement reached 1,172.10 before reversing. Summary: Gold is in a downwards trend. The main Elliott wave count has little support from classic technical...
by Lara | Nov 24, 2016 | Gold |
A very quiet sideways session while New York is closed for Thanksgiving Day includes a slight new low. This makes a difference to the short term picture for the main Elliott wave count. Summary: A small fourth wave triangle is ending. It should be followed by a short...
by Lara | Nov 23, 2016 | Gold |
The main Elliott wave count was invalidated with a new low below 1,204.05, and the target at 1,203 was inadequate for the alternate Elliott wave count. Summary: Another strong downwards day has support from volume, and indicators suggest the trend is down. A new low...
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 | Nov 16, 2016 | Gold |
Sideways movement continues but downwards movement was expected. The session did close with a red daily candlestick, but a new low was not made. Summary: A short, quick wave down to a new low may unfold here. If price remains below 1,232.48 in the short term and moves...
by Lara | Nov 14, 2016 | Gold |
More downwards movement unfolded as expected. Summary: Some weakness is now seen to this downwards movement. Volume today has declined further and the daily candlestick has a long lower wick. Some sideways / upwards movement may begin here for a few days. If this...
by Lara | Nov 11, 2016 | Gold |
A new low below 1,242.87 has invalidated the main Elliott wave count and confirmed the more bearish alternate. There is only one wave count now. Summary: The classic technical analysis is very bearish. Corrections are an opportunity to join the trend. A correction to...
by Lara | Nov 10, 2016 | Gold |
A consolidation was expected. Downwards movement remains above the invalidation point on the main Elliott wave count. Summary: A consolidation is expected to move sideways for about three weeks. This may be a B wave within a B wave, which do not present good trading...
