by Lara | Aug 17, 2017 | Gold |
Price has continued to move higher as was expected for the session by both Elliott wave counts. Summary: A short term target is now at 1,307. The final target is still at 1,320. The trend still looks to be upwards. Pullbacks are an opportunity to join the trend....
by Lara | Aug 7, 2017 | Gold |
A very small range inside day only changes the Elliott wave count at the hourly chart level, slightly. The bigger picture and the target remain the same. Summary: Gold has likely had a trend change. The target is at 1,184. This may be met in about five weeks. For the...
by Lara | Jul 31, 2017 | Gold |
Overall, more upwards movement was expected; a slight new high fits the main Elliott wave count. Downwards movement during Monday’s session remained above the short term invalidation point on the hourly chart. Summary: The target is 1,277. Use the blue Elliott...
by Lara | Jul 13, 2017 | Gold |
Price has moved sideways and remains above the invalidation point on the hourly chart. The correction is taking a little longer than expected. Summary: In the short term, a bounce may continue higher for another one or two days now, to end about 1,228 to 1,232. This...
by Lara | Jul 9, 2017 | Gold |
A small bounce to about 1,228 to 1,230 was expected before downwards movement resumed, but this is not what happened. The high was already in place. Summary: The trend is down. Corrections, even small ones, present an opportunity to join the trend. Profit target is...
by Lara | Jul 6, 2017 | Gold |
Some upwards movement was expected, which is exactly what has happened. Summary: Expect a small bounce to end either about 1,228 – 1,230, or a little below 1,228. Thereafter, look out for strong downwards movement. This correction is an opportunity to join the...
by Lara | Jul 5, 2017 | Gold |
More sideways and upwards movement was expected. An outside day which closed higher fits expectations. Summary: Expect price to continue higher to about 1,233 to 1,237. This may offer a good entry point for a short position. It is strongly recommended that members...
by Lara | Jul 1, 2017 | Gold |
A breakout from the consolidation was expected for Friday but did not happen. Both Elliott wave counts at the hourly chart level remain valid. Summary: A downwards breakout from this consolidation may now come on Monday or Tuesday. A new low reasonably below 1,237.06...
by Lara | Jun 10, 2017 | Gold |
The invalidation point on the daily chart was breached indicating a trend change. Summary: It looks like Gold has had a trend change, but this will not be finally confirmed until price makes a new low below 1,214.81. Because the short side involves reasonable risk it...
