by Lara | Jul 15, 2017 | Gold |
For Friday a bounce was expected to continue to about 1,228 to 1,232. Price bounced exactly as expected to reach a high of 1,231.73. Summary: The bounce is over here, or it may be over on Monday with a very little more upwards movement. If price does move higher, it...
by Lara | Jun 26, 2017 | Gold |
A downwards reaction was expected for Monday, which is exactly what has happened. Summary: The main wave count now expects upwards movement for at least one session to 1,262 – 1,265. A new high above 1,254.66 would add substantial confidence to this target zone....
by Lara | Apr 6, 2017 | GDX, Gold |
Upwards movement was expected. Price moved lower, but has rebounded strongly after the session closed. Downwards movement remained above the invalidation point on the hourly chart. Summary: Look out for strong upwards movement from both Gold and GDX, which may still...
by Lara | Feb 7, 2017 | Gold |
A small range inside day fits both Elliott wave counts, but the situation is no clearer. Summary: If we expect the most common scenario to unfold, then we should be right more often than wrong. We will still be wrong sometimes, alternates are still possible, but this...
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 | Nov 22, 2016 | Gold |
Yesterday’s analysis expected upwards movement overall. Price has overall moved sideways and lower. So far an inside day is completing for Tuesday’s session. Summary: Upwards movement is expected from here. The target at 1,533 may be met in about six...
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 19, 2016 | Gold |
Upwards movement was expected from both the main and alternate Elliott wave counts in yesterday’s analysis. The two Elliott wave counts now diverge. Invalidation and confirmation points will be used to let price tell us which one is correct. And classic...
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...
