by Lara | Feb 9, 2017 | Gold |
A breach of the trend channel and a new low below 1,227.82 has invalidated the main wave count and confirmed an alternate. Summary: Probability has shifted back to a deep pullback beginning here. The target is at 1,149. Follow my two Golden Rules of risk management:...
by Lara | Feb 6, 2017 | Gold |
Another upwards day fits the second hourly Elliott wave count. Price is now just above the target range, which was 1,219.11 to 1,233.43. Summary: If we expect the most common scenario to unfold, then we should be right more often than wrong. We will still be wrong...
by Lara | Dec 22, 2016 | Gold |
Another small inside day fits both Elliott wave counts, but price behaviour is pointing to one scenario more strongly than the other. Summary: It still looks like another new low may unfold before Gold either turns or begins a time consuming consolidation. The target...
by Lara | Dec 19, 2016 | Gold |
A small upwards day fits all four Elliott wave counts. Price behaviour is now pointing to which wave count looks most likely. Summary: At this stage, it looks now like another new low may unfold before Gold either turns or begins a time consuming consolidation. The...
by Lara | Nov 21, 2016 | Gold, Public Analysis |
Last analysis expected upwards movement to begin the new week. So far this is what has happened. Summary: Upwards movement is expected from here. The target at 1,533 may be met in about six months time. There is divergence with price and Stochastics and RSI indicating...
by Lara | Nov 15, 2016 | Gold |
Yesterday’s Elliott wave and classic technical analysis expected some sideways / upwards movement for Thursday, which is exactly what happened. Price has found resistance right at the trend line on the daily chart. Summary: A short, quick wave down to a new low...
by Lara | Nov 2, 2016 | Gold |
Yesterday’s Elliott wave analysis expected upwards movement from Gold. Price has moved higher as expected. Summary: On Balance Volume today gives a bullish signal and upwards movement has support from volume. The main Elliott wave count expects a fourth wave...
by Lara | Oct 8, 2016 | Gold |
More downwards movement is very close now to the second target, which was at 1,240. Summary: There is now evidence of a low in place with divergence between price and RSI and Stochastics, both of which are oversold. A bounce should be expected next week. If it remains...
by Lara | Oct 6, 2016 | Gold |
The first target for downwards movement has been met. Summary: Downwards movement has met the first target, but there is no evidence yet that downwards movement is over. Volume is weak indicating bears are tired. If the lilac channel can be clearly breached by upwards...