by Lara | Apr 20, 2016 | Gold |
Downwards movement was expected from the main Elliott wave count. Summary: A new low below 1,223.77 would provide strong confirmation for the main wave count as both alternates would then be invalidated. A new high above 1,262.47 would confirm the alternate hourly...
by Lara | Apr 6, 2016 | Gold |
The main Elliott wave count so far is playing out as expected. The main Elliott wave count expected a short swing down to about 1,215. Price moved lower and turned at 1,217.22. Summary: A little upwards movement to 1,230 would end a triangle. Thereafter, price should...
by Lara | Mar 30, 2016 | Gold |
Price made a slight new high and then turned lower. Upwards movement was expected. Summary: Two wave counts today both expect more upwards movement. In the short term, a third wave up may be beginning. It is reasonably likely that price will reach to 1,275.24. The...
by Lara | Mar 15, 2016 | Gold |
Price has moved sideways since last analysis. The Elliott wave count remains valid. Summary: A new high above 1,260.93 by any amount at any time frame would provide confidence that Gold is most likely in a fifth wave up. Fifth waves for commodities can be swift and...
by Lara | Mar 7, 2016 | Gold |
Sideways movement was expected. Price has moved sideways for an inside day. Summary: A correction is still unfolding and should continue sideways. The correction may include a new high above 1,279.45. It is most likely a fourth wave at minor degree and may end in a...
by Lara | Mar 3, 2016 | Gold |
One final wave down was expected to finish the correction, but this did not happen. A new high above 1,248.44 confirmed the correction was over and price was breaking out upwards. Summary: The target is at 1,280 in the first instance. Thereafter, if price keeps...
by Lara | Feb 22, 2016 | Gold |
Two hourly Elliott wave counts were invalidated, which leaves only two. The situation is becoming clearer. Summary: Minute wave iv may continue sideways as a triangle, possibly for six more days to total a Fibonacci thirteen. In the short term, a new high above...
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 | Feb 1, 2016 | Gold |
Upwards movement confirmed the alternate bear hourly Elliott wave count. Summary: The wave counts still diverge. In the short term, expect price to continue higher slowly to the cyan trend line on the daily charts and the target at 1,135. Price should find strong...