by Lara | Jan 10, 2017 | Gold |
Some weakness is seen in this upwards movement and price remains within a narrow channel on the hourly Elliott wave chart. Summary: Gold is in a new bull trend. In the short term, a downwards correction should be expected to have begun either today, or very soon, and...
by Lara | Dec 24, 2016 | Gold |
Another very small range day completes a small doji candlestick. This fits neatly with the expectations short term for the Elliott wave count. Summary: It still looks like another new low may unfold before Gold either turns or begins a time consuming consolidation....
by Lara | Dec 19, 2016 | Gold |
A small upwards day fits all four Elliott wave counts. Price behaviour is now pointing to which wave count looks most likely. Summary: At this stage, it looks now like another new low may unfold before Gold either turns or begins a time consuming consolidation. The...
by Lara | Dec 15, 2016 | Gold |
Downwards movement was expected to continue for the main Elliott wave count after last analysis. The target remains the same and the alternate now has a new target. Summary: The target for downwards movement to be interrupted is at 1,115 or 1,064. A break above the...
by Lara | Dec 14, 2016 | Gold |
Again, upwards movement was expected to complete a small consolidation before price fell further. The consolidation was already complete and price has made a new low. Summary: The target for downwards movement to be interrupted is at 1,115. A break above the yellow...
by Lara | Nov 3, 2016 | Gold |
The main hourly Elliott wave count expected a fourth wave correction to end within a range of 1,291.63 to 1,285.41. Downwards movement for the session ended at 1,286.17. Thereafter, price has turned upwards as expected. Summary: A fifth wave up may be beginning. The...
by Lara | Oct 25, 2016 | Gold |
Yesterday’s main Elliott wave count expected downwards movement, but this has not happened. Classic technical analysis will be used today to judge the probability of the main vs. alternate Elliott wave counts. Summary: A lack of support from volume today is very...
by Lara | Oct 24, 2016 | Gold |
An outside day closes with a red candlestick, which slightly favours the main Elliott wave count. Both Elliott wave counts remain viable while price remains within the consolidation / invalidation points. Summary: A new low below 1,247.67 would confirm the main wave...
by Lara | Sep 26, 2016 | Gold |
Mostly sideways movement was expected for Monday. A green daily doji candlestick fits expectations perfectly. Summary: The short term target is at 1,344. The next daily candlestick is expected to be green, and this is supported by a bullish signal today from On...
