by Lara | Apr 3, 2016 | Gold |
I have a new alternate Elliott wave count for you. Summary: If price makes a new low below 1,208.33 on Monday and remains below 1,235.16, then expect overall more downwards movement for another few days most likely to end about 1,131. This alternate is possible but...
by Lara | Mar 29, 2016 | Gold |
Upwards movement was unexpected and invalidated the hourly Elliott wave count. Summary: Two wave counts today both expect more upwards movement. It is reasonably likely that price will reach to 1,275.24. Upwards movement is most likely a B or X wave within a larger...
by Lara | Dec 15, 2015 | Gold |
Sideways movement to complete a small green doji fits the expectation of a continuing correction. Summary: This correction may still be unfolding as either a single or double flat. The structure is incomplete. It may end in one more day, if it totals a Fibonacci...
by Lara | Oct 14, 2015 | Gold |
After a new high above 1,170.19 was made only two wave counts remained valid and both expected more upwards movement, which is what happened. The new high strongly favours the bull Elliott wave count. Summary: The target for upwards movement to be interrupted is...
by Lara | Oct 5, 2015 | Gold |
A slight new high on light volume changes both Elliott wave counts. The bull and bear Elliott wave counts now diverge. Summary: The bear wave count expects downwards movement and would be confirmed with a new low below 1,098.85; the target is 1,058. The bull wave...
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 18, 2015 | Gold |
Short term the bear wave count expected upwards movement to 1,143. Price has moved higher to 1,141.83. Summary: Both wave counts expect downwards movement from here: the bear for the middle of a big third wave and the bull for a fourth wave correction which should...
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...
