by Lara | May 11, 2016 | Gold |
Upwards movement was expected for Wednesday’s session, which is exactly what happened. Summary: It is likely that a third wave upwards is in the very early stages. The target remains at 1,477. Risk remains at 1,237.97. The wave count is supported by volume...
by Lara | May 4, 2016 | Gold |
Price moved lower again as yesterday’s Elliott wave count expected. Summary: The correction now looks to be complete. Price looks like it may be exhibiting a typical throwback to support after an upwards breakout. On Balance Volume may assist to stop the fall in...
by Lara | Apr 18, 2016 | Gold |
A little more upwards movement was expected to end about 1,248. Price reached up to only 1,241.55 before turning down. Summary: A new low now below 1,223.78 would provide confidence that downwards movement should continue. A new low below 1,209.08 would confirm the...
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 | Apr 11, 2016 | Gold |
A new high above 1,243.19 invalidated the main hourly Elliott wave count and confirmed the alternate. At that stage, the target was at 1,256. So far price has reached up to 1,259. Summary: The main wave count must see downwards movement about here, and it is supported...
by Lara | Mar 28, 2016 | Gold |
The alternate Elliott wave count was invalidated. There is only one Elliott wave count. The situation is clearer. Summary: This correction may end in a few more hours about 1,224 – 1,226, or it may continue sideways for another two to three days. Price is...
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...
by Lara | Mar 4, 2016 | Gold |
If price kept rising, two targets were given for Friday: 1,280 and 1,350. The first target was almost met. The high for Friday was 1,279.45. Summary: Minor wave 3 is very likely to be over at Friday’s high. Another correction should now begin for minor wave 4....
by Lara | Mar 1, 2016 | Gold |
A little more upwards movement was expected to end about 1,245 – 1,247, and then a small wave down was expected. Price turned at 1,248.44. Summary: The target for a short fifth wave up is at 1,261. If this target is wrong, it may be too low. On the way up, a new...