by Lara | Jan 11, 2017 | Gold |
Resistance will be used to see where price may turn. Fibonacci numbers are used for duration and parallel channels are used for confidence in a turn. Summary: If upwards movement continues, it may now be for only one more day; price may find resistance about 1,210. In...
by Lara | Dec 20, 2016 | Gold |
A small downwards day fits the preferred expectations for Gold, but all Elliott wave counts remain valid. Targets remain the same. Summary: It still looks like another new low may unfold before Gold either turns or begins a time consuming consolidation. The target is...
by Lara | Dec 18, 2016 | Gold |
A small inside day sees upwards movement. Price remains below the invalidation point. Summary: While price remains below 1,151.95, there is a possibility of new lows with a target at 1,118 or 1,116 – 1,113. If price makes a new high above 1,151.95, then either a...
by Lara | Dec 13, 2016 | Gold, Public Analysis |
Upwards movement was expected for the short term, but this is not what happened. Price moved sideways to complete an inside day that closed red. Summary: Upwards movement is expected for about two or seven days to 1,187, and that may complete a small correction....
by Lara | Dec 10, 2016 | Gold, Gold Historical |
Short term downwards movement was expected. Price is now within the target range. Summary: Monday may begin with a slight new low to 1,156 – 1,154. Thereafter, an upwards wave should develop as part of a consolidation. The consolidation may last a total of five,...
by Lara | Nov 28, 2016 | Gold |
The main Elliott wave count expected a green daily candlestick for Monday, which is what has happened. Summary: The target for a six month long wave up is 1,500 and some confidence may be had in this if price makes a new high above 1,204.05, and thereafter further...
by Lara | Oct 31, 2016 | Gold |
A very slight new high was expected before downwards movement. Price has moved lower, but it did not make a slight new high first. Summary: A lack of support from volume for today’s downwards movement is concerning for the main wave count in the short term. The...
by Lara | Oct 27, 2016 | Gold |
Yesterday’s analysis was summarised with a warning that the consolidation pattern did not look complete. Another inside day has essentially moved price sideways within a small range continuing the consolidation. Summary: The breakout from a bear flag pattern is...
by Lara | Sep 22, 2016 | Gold |
Upwards movement was again expected. Summary: The trend is up. The mid term target is at 1,437. The long term target is at 1,585. At this stage, expectations are for price to continue overall upwards for another one to few days before another counter trend pullback...
