by Lara | Sep 19, 2016 | Gold |
Upwards movement was expected for Monday’s session, which is what has happened. Summary: Price needs to break out of the best fit channel on the hourly chart before confidence may be had that a low is in place. Risk remains at 1,302.93 while price remains within...
by Lara | Sep 15, 2016 | Gold |
Upwards movement was expected from yesterday’s Elliott wave count, but again has not happened. Summary: Upwards movement is still expected. The weight of evidence still indicates a longer term upwards trend is in place. The short term target is at 1,440. The...
by Lara | Sep 5, 2016 | Gold |
A little upwards movement to about 1,328 was expected for Monday. Price moved higher to 1,328.04. Summary: Look out now for surprises to the upside. In the short term, a spike down to about 1,311 – 1,312 may complete a small pull back. Thereafter, price should...
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 | Jul 6, 2016 | Gold |
Upwards movement continues as expected for Gold. Summary: The trend is up. Corrections present an opportunity to join the trend. Expect upwards momentum to increase in coming weeks. The target for this third wave to end remains at 1,582. The middle of it may end about...
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 28, 2016 | Gold |
Downwards movement continued, which was expected for the alternate hourly Elliott wave count but not the main. Summary: The trend is still down. The final target remains the same at 1,183 in the first instance. Along the way down, there should be one more small fourth...
