by Lara | Mar 29, 2017 | Gold |
Another downwards day for Wednesday overall was expected. The main Elliott wave count remains the same and is still preferred over the alternate. Summary: A pullback to about 1,230 may continue. The target may be reached now in another 4 days time. New updates to this...
by Lara | Mar 9, 2017 | Gold, Gold Historical |
Price continues to move lower towards the target as expected. Summary: The bottom line for the short term is that while price remains within the channels on the hourly charts expect it to continue to fall. It is entirely possible that my targets could be wrong and...
by Lara | Feb 7, 2017 | Gold |
A small range inside day fits both Elliott wave counts, but the situation is no clearer. Summary: If we expect the most common scenario to unfold, then we should be right more often than wrong. We will still be wrong sometimes, alternates are still possible, but this...
by Lara | Feb 3, 2017 | Gold |
An inside day for Friday’s session leaves both Elliott wave counts valid. Classic technical analysis may assist to determine whether the main or alternate Elliott wave count is correct. Summary: Use the pink channel on the hourly charts. A break below would...
by Lara | Jan 31, 2017 | Gold |
Downwards movement was expected for Tuesday but did not happen. Price has moved higher but remains below the invalidation point on the hourly Elliott wave count. Summary: A new low below 1,202.90 would add confidence that the downwards pullback has resumed. The next...
by Lara | Jan 27, 2017 | Gold |
Downwards movement ended 1.58 below the first target. A breach of the small channel on the hourly Elliott wave chart indicated a trend change, which was expected. Summary: A little upwards movement on Monday and maybe also Tuesday is expected to end about 1,205. This...
by Lara | Jan 24, 2017 | Gold |
A small downwards day remains above the invalidation point on the main hourly Elliott wave count. So far price continues to find support at the lower edge of the channel. Summary: The bottom line is still that it must be accepted there is no indication yet of an end...
by Lara | Jan 21, 2017 | Gold |
Slightly higher movement from Gold for Friday’s session fits the main Elliott wave count. Price continues to bounce up off support at the lower trend line. Summary: The bottom line is still that it must be accepted there is no indication yet of an end to this...
by Lara | Jan 13, 2017 | Gold |
Downwards movement was expected, which is what happened. Friday’s session made a lower high and a lower low, the definition of downwards movement, although the candlestick closed green. Summary: It is reasonably likely now that upwards movement is over for now...
