by Lara | Nov 13, 2015 | Gold |
A small inside day leaves both Elliott wave counts valid. Summary: It is more likely that a second wave correction will unfold upwards from here to about 1,118 or 1,145 (less likely). This would be confirmed with a new high above 1,095.89. To see weekly charts click...
by Lara | Nov 5, 2015 | Gold |
More downwards movement was expected. Only one wave count is left now. Summary: Only the bear wave count is left. One by one all bull wave counts have been invalidated. Gold has been in a bear market since September 2011 and there is no technical confirmation of a...
by Lara | Oct 2, 2015 | Gold |
An upwards correction was expected as likely to have begun, and this was confirmed when the small channel on the hourly chart was breached. Two targets were provided: 1,128 or 1,139. Price reached up to 1,141. Summary: Next week both wave counts expect downwards...
by Lara | Sep 24, 2015 | Gold |
Upwards movement above 1,141.84 was unexpected. Both Elliott wave counts still remain valid. Summary: The bear wave count now expects a third wave down from here. The bull wave count now expects a B wave down. A new low below 1,098.85 would invalidate the bull and...
by Lara | Sep 16, 2015 | Gold |
Price still has not confirmed or invalidated either the bear wave count or the bull wave count. Summary: The bear wave count is close to even in probability with the bull wave count today. To the upside, a new high above 1,148.04 would see the bull wave count more...
by Lara | Jun 5, 2015 | Gold |
Downwards movement was expected. The first target at 1,165 was met and exceeded by 2.2. Summary: It is more likely this downwards wave is incomplete. Confirmation would come with a new low below 1,162.80, with the target at 1,157. Alternatively, it is possible this...
by Lara | May 26, 2015 | Gold |
Some upwards movement to 1,215 was expected before this strong downwards movement. That did not happen. Summary: For both bull and bear wave counts this downwards movement is either over already or very close to it. There is very little room left for it to move; the...
by Lara | May 20, 2015 | Gold |
Although a small green candlestick is completing for Wednesday’s session, choppy sideways movement was not what was expected from the Elliott wave count. I had expected upwards movement. Summary: The main bull wave count now requires sideways movement to...
by Lara | May 11, 2015 | Gold |
Both bull and bear Elliott wave counts remain valid. Price has not yet told us which one is correct. I am concerned that volume is lower for Monday’s down day. Summary: In the short term, both wave counts expect downwards movement from here. The short term...