by Lara | Jan 28, 2016 | Gold |
Yesterday’s analysis expected sideways / downwards movement to a short term target about 1,114. Price has moved lower as expected to reach to 1,111.76 so far. Summary: The correction should be over here and should be followed by upwards movement to new highs....
by Lara | Jan 21, 2016 | Gold |
A correction was expected. A likely place for it to end was at 1,093. Price moved lower to reach 1,092.4 and turned up from there. Summary: Upwards movement should now increase in momentum. A new high above 1,112.19 is expected. The target for the bear wave count...
by Lara | Jan 20, 2016 | Gold |
Upwards movement was expected from both Elliott wave counts. Summary: Both wave counts expect more upwards movement this week to make a new high above 1,112.19. The main bear wave count requires upwards movement to a minimum at 1,125.13. The target for the alternate...
by Lara | Jan 14, 2016 | Gold |
The main Elliott wave count expected overall downwards movement to end within a range of 1,076.7 – 1,068.64. Price is now within that range. Summary: Both wave counts expect this downwards move to end soon and be followed by a upwards movement to new highs. The...
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 | Dec 18, 2015 | Gold, Gold Historical |
This is the last analysis prior to the Christmas / New Year break. Next analysis will be done after market close for Monday, 4th January, 2016. May you all have a very Merry Christmas and a Happy New Year! Summary: The trend is down. The question is whether a small...
by Lara | Dec 2, 2015 | Gold |
Upwards movement was expected but did not happen. Downwards movement invalidated the hourly Elliott wave counts. Summary: Downwards movement is most likely a B wave within an expanded flat. The target for upwards movement from here is 1,086. First, a small channel on...
by Lara | Nov 20, 2015 | Gold |
Upwards movement was expected. Yesterday’s second hourly Elliott wave count looked at the possibility that upwards movement may be very choppy and overlapping. This is the correct Elliott wave count. Summary: The target for more upwards movement is at 1,101 to...
by Lara | Nov 11, 2015 | Gold |
Downwards movement to a slight new low still fits the Elliott wave count. Summary: On balance, I would expect one or maybe two more days of sideways movement. A green candlestick or doji for Thursday’s session is expected. There is a slim outside possibility...
