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...
by Lara | Oct 6, 2015 | Gold |
Upwards movement was expected by the bull Elliott wave count overall, but the pathway there was not what was expected. Price still has not invalidated or confirmed either Elliott wave count. Summary: It looks most likely we shall see some downwards movement from here....
by Lara | Sep 28, 2015 | Gold |
Both Elliott wave counts expected overall downwards movement to begin the new week. Summary: The bear wave count expects downwards movement to about 1,121 to complete a five wave impulse, to be followed by a three wave correction upwards which may not move above...
by Lara | Jun 4, 2015 | Gold |
Yesterday’s analysis was unclear as to what direction to expect with three different Elliott wave counts with different expectations. A new low below 1,178.08 eliminated one Elliott wave count, now leaving only two which expect the same direction next. Summary:...
by Lara | May 29, 2015 | Gold |
Upwards movement was expected. The main Elliott wave counts remain the same, and a new bearish alternate will be added to daily analysis. Summary: Both bull and bear wave counts still expect upwards movement for a few days. The bull wave count has a minimum...
by Lara | May 7, 2015 | Gold |
Lower highs and lower lows and volume continue to favour the bear Elliott wave count. Summary: In the very short term one final small fifth wave down to 1,177 would complete an impulse for both wave counts at the hourly chart level. Thereafter, they again diverge. The...
by Lara | Apr 28, 2015 | Gold |
Upwards movement continued which fits the bullish alternate Elliott wave count. A new high above 1,210.88 indicated a third wave up may be underway. Summary: Gold is still within the sideways consolidation range it has been in since 27th March. The situation is still...
by Lara | Mar 18, 2015 | Gold |
Another one to three days of downwards movement to 1,136 or 1,123 was expected before a second wave correction began. This is not what happened. The hourly Elliott wave count was invalidated with a new high above 1,160. Summary: Minute wave i is over and minute wave...