by Lara | Aug 13, 2016 | Gold |
Again, upwards movement was expected and overall did not happen. The new low for Friday remains above the invalidation point on the hourly Elliott wave chart. Summary: The target for the main wave count remains at 1,582. Substantial confidence in the main wave count...
by Lara | Aug 3, 2016 | Gold |
Upwards movement was expected, but a warning was given due to some bearishness in volume. Summary: The trend is up. The target remains at 1,582. Corrections are an opportunity to join the trend. Invest no more than 3-5% of equity on any one trade and always use a stop...
by Lara | Jul 20, 2016 | Gold |
A downwards breakout from a small pennant pattern has unfolded exactly as expected. Summary: The trend is still up. A multi day correction against the trend is unfolding and still looks incomplete. A target for it to end is either 1,300 or just below 1,249.94. In the...
by Lara | Jun 11, 2016 | Gold |
The first target for upwards movement at 1,277 was met and exceeded by only 0.77. Summary: A downwards correction looks like it is more likely now to start on Monday and last at least one week. This would be confirmed by a breach of the channel on the hourly chart,...
by Lara | Jun 1, 2016 | Gold |
A correction is expected to be unfolding. A red doji candlestick fits this idea well. Summary: The trend may still be down although classic technical analysis indicates a low may be in place, and for that I have a new alternate today. A final fourth wave correction...
by Lara | May 30, 2016 | Gold |
The main Elliott wave count expected downwards movement to a short term target at 1,195. Downwards movement has continued to a low for the session at 1,200.07. Summary: The trend is still down. A final fourth wave correction along the way down has begun. It may last...
by Lara | May 18, 2016 | Gold |
The main Elliott wave count was invalidated at the hourly chart level with a new low below 1,269.63. At that stage, both alternates expected more downwards movement. Summary: More downwards movement should be expected from here. The preferred wave count (about a 60%...
by Lara | Apr 14, 2016 | Gold |
The main Elliott wave count expected downwards movement, which is what happened. The short term target on the hourly chart was 1,228 and a bounce was expected from there. The bounce came at 1,229.17. Summary: A new low below 1,209.08 would confirm the main wave count...
by Lara | Mar 23, 2016 | Gold |
Upwards movement was expected but did not happen. Downwards movement has invalidated one Elliott wave count. Summary: It looks like price has broken out of a range to the downside. The main wave count will expect intermediate wave (2) downwards is underway. A clear...
