by Lara | Nov 9, 2016 | Gold |
Upwards movement fell just short of the upper confirmation / invalidation point. Both Elliott wave counts remain valid. Summary: A consolidation is expected to move sideways now for about three weeks. This may be a B wave within a B wave, which do not present good...
by Lara | Nov 8, 2016 | Gold |
Downwards movement unfolded and remains above the invalidation point. Summary: The picture is less clear today. But the invalidation point is very close by, so we may have clarity soon. Assume the trend most likely remains upwards while price remains above 1,264.72....
by Lara | Nov 7, 2016 | Gold |
A slight new high was expected before a sideways consolidation began. No slight new high was seen. Price has moved lower. So far price remains above the invalidation point and tightly contained within a channel. Summary: A fourth wave correction is likely over now....
by Lara | Nov 2, 2016 | Gold |
Yesterday’s Elliott wave analysis expected upwards movement from Gold. Price has moved higher as expected. Summary: On Balance Volume today gives a bullish signal and upwards movement has support from volume. The main Elliott wave count expects a fourth wave...
by Lara | Oct 20, 2016 | Gold |
The Elliott wave counts diverged yesterday. Price remains within the confirmation / invalidation points. Classic technical analysis, particularly volume analysis, will be used to judge the probability of each wave count today. Price is the ultimate determinator...
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...
by Lara | Oct 18, 2016 | Gold |
Upwards movement invalidated the Elliott wave triangle leaving only a combination possible for the correction. With only one hourly Elliott wave count left, the structure is now clearer. Summary: More upwards movement is expected at least short term. If upwards...
by Lara | Oct 17, 2016 | Gold |
Downwards movement was expected for Monday, but this is not what happened. Price moved mostly sideways, and a small inside day closed green. Summary: A small consolidation is completing, which may be an Elliott wave triangle or a multiple. The classic pattern...
by Lara | Oct 15, 2016 | Gold |
A consolidation was expected to continue. Price moved lower within a small range, mostly as expected. Summary: A small triangle may have finished on Friday. The next wave down may be surprisingly short. A target is at 1,230. If this target is wrong, it may be a little...
