by Lara | Jul 18, 2016 | Gold |
Downwards movement was expected to begin the new week. Price has moved sideways in a small range, remaining below the invalidation point (which is close by) on the first Elliott wave hourly chart. Summary: The trend is still up. A multi day correction against the...
by Lara | Jun 8, 2016 | Gold |
The main Elliott wave count yesterday expected more upwards movement to a target at 1,255 or 1,267. So far price has moved higher as expected reaching 1,263.97. Summary: The main wave count has a higher probability. It expects an upwards wave to end about 1,267....
by Lara | Jun 4, 2016 | Gold |
Strong upwards movement was unexpected, but it has taken price up to one of the two possible targets for a multi day correction to end. Summary: The main wave count still expects intermediate (2) is not over. A new low short term below 1,220.16 would add confidence to...
by Lara | May 31, 2016 | Gold |
Upwards movement was expected for Tuesday, which is exactly what happened. Summary: The trend may still be down although classic technical analysis indicates a low may be in place. A final fourth wave correction may last another one to three sessions and may end about...
by Lara | May 16, 2016 | Gold, Gold Historical, Public Analysis |
The main hourly Elliott wave count expected upwards movement for Monday from Gold, which is what happened. Price has made a higher high and a higher low on slightly increasing volume. Summary: At the beginning of this week, the picture is not as clear as last week....
by Lara | May 10, 2016 | Gold |
Upwards movement was expected for Tuesday’s session. Price moved sideways to complete a small green doji. Summary: It is still most likely that price will begin a third wave up from here or very soon. The target remains at 1,477 and risk remains at 1,237.97. New...
by Lara | May 7, 2016 | Gold |
Upwards movement was expected from last analysis. Volume continues to favour the main Elliott wave count. Summary: Volume supports upwards movement and not downwards movement. The probability of new highs next week looks good. A new high above 1,303.51 would confirm a...
by Lara | May 5, 2016 | Gold |
Price moved slightly lower, which was allowed for but not expected from yesterday’s analysis. Summary: This looks like a good set up now for a long trade on Gold. Price has broken out of a consolidation on increased volume, now turned down to find support at...
by Lara | Apr 21, 2016 | Gold |
A new high above 1,262.47 invalidated the main hourly Elliott wave count and confirmed the alternate. I have three Elliott wave counts for you today. Summary: Gold is still range bound. There are still at least two valid wave counts for this correction and they...
