by Lara | Aug 8, 2016 | Gold, Public Analysis |
A little downwards movement was expected to begin for Monday before a trend change to upwards. Price has moved lower. Summary: The trend is up. The target remains at 1,582. Confidence in targets may be had with price movement above 1,349.25. There is still some...
by Lara | Aug 4, 2016 | Gold |
A correction was expected to unfold, which is what has happened, but it was expected to be over more quickly though. Summary: The trend is up. The target remains at 1,582. Corrections are an opportunity to join the trend. Invest no more than 3-5% of equity on any one...
by Lara | Jul 29, 2016 | Gold |
A correction was expected to end about 1,325. Price did move lower but only to 1,330 before turning upwards. Summary: The trend is up. The target remains at 1,582. Corrections are an opportunity to join the trend. Invest no more than 3-5% of equity on any one trade...
by Lara | Jul 25, 2016 | Gold |
Upwards movement was expected. This is not what happened. Price moved lower but remains above the invalidation point on the hourly Elliott wave chart. Summary: The outlook is for a third wave up to 1,515 while price remains above 1,310.84. A new low below 1,310.84...
by Lara | Jul 21, 2016 | Gold |
The targets were not met before price turned and moved higher. Downwards targets for the correction to end were inadequate. Summary: The correction looks like it is over. A short term target for a strong third wave up is at 1,515. New updates to this analysis are in...
by Lara | Jul 16, 2016 | Gold |
Yesterday’s analysis expected some sideways movement for a fourth wave. Overall, price moved lower to complete an inside day which looks like a long legged doji on StockCharts data. Summary: The trend is still up. A multi day correction against the trend is...
by Lara | Jun 9, 2016 | Gold |
The main Elliott wave count expected upwards movement but the target at 1,267 was inadequate. A new high above 1,269.07 has invalidated the alternate Elliott wave count at the daily chart level, leaving only one wave count now. We have some clarity for the bigger...
by Lara | Jun 6, 2016 | Gold |
Sideways movement fits the second Elliott wave count better than the first, but both remain valid while price remains range bound. Summary: At this stage, I would judge the two wave counts to now have an even probability (although volume and On Balance Volume do...
by Lara | Jun 2, 2016 | Gold |
Sideways movement was expected. A red candlestick with a small real body fits expectations for the session. Summary: Another one to two days of sideways movement is expected at this stage, followed by a short sharp thrust lower to support at 1,190 or the target at...
