by Lara | Feb 15, 2016 | Gold |
A correction was expected to continue. Downwards movement overall was expected. Summary: The correction is incomplete. It may end in another one, three or six sessions to total a Fibonacci three, five or eight daily candlesticks. It may end within a range of 1,200.76...
by Lara | Feb 9, 2016 | Gold |
A break below a short term trend line on the hourly chart indicates a correction has begun. Summary: The trend is still up, but a multi day correction looks like it has arrived. Choppy overlapping sideways movement may last a few days and end either within 1,174...
by Lara | Feb 8, 2016 | Gold |
A small correction unfolded more quickly than expected. This was followed by upwards movement. Summary: The trend is up. In the short term, price should find support at the orange trend line on the hourly chart. Expect further upwards movement while price remains...
by Lara | Jan 13, 2016 | Gold, Gold Historical |
Downwards movement has breached the invalidation point on the main Elliott wave count, but this was allowed for in the alternate. Overall, a correction against a trend was expected to be continuing. Summary: The main wave count is changed to see an ending diagonal...
by Lara | Jan 12, 2016 | Gold |
Another downwards day on lighter volume fits the Elliott wave count. Summary: The fourth wave correction is not over. Price should remain above 1,081.57. Within the correction, an upwards swing should now begin to reach resistance. It may make a new high above...
by Lara | Jan 11, 2016 | Gold |
Price behaved exactly as expected. Overall, lower movement for an inside day continues the fourth wave correction that Gold is currently in. Summary: More sideways movement is expected for a few days yet. It is possible Gold may make a new high above 1,112.19 in the...
