by Lara | Jun 7, 2016 | Gold |
The Elliott wave counts are swapped over today. The long term target remains the same for the new main Elliott wave count. The short term target is changed. Summary: The main wave count expects an impulse to end with a final fifth wave up at 1,255. Thereafter, a...
by Lara | Jun 4, 2016 | Gold |
Strong upwards movement was unexpected, but it has taken price up to one of the two possible targets for a multi day correction to end. Summary: The main wave count still expects intermediate (2) is not over. A new low short term below 1,220.16 would add confidence to...
by Lara | May 10, 2016 | Gold |
Upwards movement was expected for Tuesday’s session. Price moved sideways to complete a small green doji. Summary: It is still most likely that price will begin a third wave up from here or very soon. The target remains at 1,477 and risk remains at 1,237.97. New...
by Lara | Apr 20, 2016 | Gold |
Downwards movement was expected from the main Elliott wave count. Summary: A new low below 1,223.77 would provide strong confirmation for the main wave count as both alternates would then be invalidated. A new high above 1,262.47 would confirm the alternate hourly...
by Lara | Mar 30, 2016 | Gold |
Price made a slight new high and then turned lower. Upwards movement was expected. Summary: Two wave counts today both expect more upwards movement. In the short term, a third wave up may be beginning. It is reasonably likely that price will reach to 1,275.24. The...
by Lara | Mar 7, 2016 | Gold |
Sideways movement was expected. Price has moved sideways for an inside day. Summary: A correction is still unfolding and should continue sideways. The correction may include a new high above 1,279.45. It is most likely a fourth wave at minor degree and may end in a...
by Lara | Mar 3, 2016 | Gold |
One final wave down was expected to finish the correction, but this did not happen. A new high above 1,248.44 confirmed the correction was over and price was breaking out upwards. Summary: The target is at 1,280 in the first instance. Thereafter, if price keeps...
by Lara | Feb 8, 2016 | Gold |
A small correction unfolded more quickly than expected. This was followed by upwards movement. Summary: The trend is up. In the short term, price should find support at the orange trend line on the hourly chart. Expect further upwards movement while price remains...
by Lara | Jan 13, 2016 | Gold, Gold Historical |
Downwards movement has breached the invalidation point on the main Elliott wave count, but this was allowed for in the alternate. Overall, a correction against a trend was expected to be continuing. Summary: The main wave count is changed to see an ending diagonal...