by Lara | Jan 8, 2018 | Gold |
A new high above 1,287.61 switched the analysis to bullish. At that time, two wave counts had a target about 1,308. This target has been exceeded so far up to 1,325.56. Summary: Assume the trend remains up while price remains within the channel on the hourly charts....
by Lara | Nov 28, 2017 | Gold |
More sideways movement is overall expected for this week. Price is behaving as expected, and the breakout is still expected to be in the same direction. Summary: Members please note: the second wave count is strongly preferred. Intermediate wave (B) may continue for...
by Lara | Oct 27, 2017 | Gold |
Price has remained above 1,260.72 and so far has bounced up a little. Price remains within the channel on the hourly charts, so no trend change is yet indicated. Summary: While price remains above 1,260.72, this downwards movement could still be a second wave...
by Lara | Oct 12, 2017 | Gold |
Last Elliott wave analysis advised to assume the trend remains the same until proven otherwise. More upwards movement continues the trend, but it is now weakening. Summary: While price remains above 1,284.48 and most importantly within the pink base channel on the...
by Lara | Sep 23, 2017 | Gold |
A small bounce continued as the hourly Elliott wave counts expected. Price remains within the channels. Summary: Expect downwards movement now to continue at least for the short term. A short term target is at 1,261. This downwards swing may go as low as 1,170 to...
by Lara | Sep 2, 2017 | Gold |
Trading advice given in last analysis favoured the bullish scenario. Members who opened a hedge or long positions should have profits. Summary: An upwards breakout has support from volume. Look out for very strong upwards movement in upcoming weeks to a target at...
by Lara | Aug 29, 2017 | Gold |
Price has reacted strongly downwards after moving slightly higher to perfectly touch the long term bear market trend line, which was expected. A red daily candlestick was printed as expected. Summary: Assume the trend remains the same until proven otherwise. Assume...
by Lara | Aug 24, 2017 | Gold |
Another small range inside day suggests a small Pennant may be forming. A new Elliott wave count sees a possible triangle completing. Summary: The breakout for the short term is expected to be upwards after sideways movement ends. It may end before 1,317.52, or it may...
by Lara | Aug 18, 2017 | Gold |
Another upwards day was expected by both Elliott wave counts. Summary: The upwards trend now looks choppy and overlapping, so it may be a diagonal nearing its end. The target at 1,320 may be too high. Always use a stop. Invest only 1-5% of equity on any one trade. New...
