by Lara | Mar 25, 2016 | Gold |
Both Elliott wave counts remain valid. Price should indicate which one is correct in the next one or two sessions. Summary: It is most likely price will continue sideways for one to two sessions before resuming a downwards trend. If price breaks below 1,212.72 at any...
by Lara | Mar 2, 2016 | Gold |
Upwards movement was expected from last analysis, but this looks to be too weak to be a breakout. Summary: One final short wave down to about 1,220 should complete a fourth wave triangle. The next move for Gold should be a short sharp thrust up and out of the triangle...
by Lara | Jan 6, 2016 | Gold |
The short term target for some more upwards movement at 1,091 was reached and passed so far by 3.9. Summary: The main Elliott wave count now expects downwards movement, but classic technical analysis remains bullish. It would be wise to wait for price to confirm a...
by Lara | Jan 5, 2016 | Gold |
A small inside day fits both hourly Elliott wave counts, which remain the same. Summary: The correction is still most likely to end sooner rather than later. It may end with a final push up to a short term target at 1,091. In the short term, a new high reasonably...
by Lara | Dec 16, 2015 | Gold |
An upwards day was expected. Summary: The correction is very close to completion, but it has not managed to complete in a Fibonacci thirteen days. The target for choppy overlapping upwards movement remains the same at 1,090. It may now be met in one to three days...
by Lara | Nov 30, 2015 | Gold |
An upwards correction was expected to begin this week. Monday is completing a green daily candlestick which fits the Elliott wave count perfectly. Summary: This second wave correction may last a total Fibonacci 13 or 21 days. It would most likely end about the 0.382...
by Lara | Nov 9, 2015 | Gold |
The third hourly Elliott wave count is confirmed by a green daily candlestick. Summary: A fourth wave correction has most likely arrived. It may continue for at least another two days to last a total Fibonacci three days. If it does not end in three days total, then...
by Lara | Oct 22, 2015 | Gold |
Again, upwards movement was expected but did not happen. Price moved slightly lower to make a new low just 1.2 below the prior day’s low and complete a small red doji. Summary: A new high above 1,174.51 is required to have confidence that upwards movement shall...
by Lara | Oct 12, 2015 | Gold |
Both Elliott wave counts had a short term target at 1,165 for a little upwards movement for Monday. Price moved higher, reaching 1,169.15 before turning down for the session. Summary: The bear wave count must now substantially reduce in probability, so the bull wave...
