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...
by Lara | May 26, 2016 | Gold |
Overall sideways movement fits the main Elliott wave count nicely. Summary: A fourth wave correction is most likely incomplete. It may end about 1,233. This would be confirmed if price makes a new high above 1,225.71 short term. Alternatively, if downwards movement...
by Lara | May 17, 2016 | Gold |
The main Elliott wave count yesterday expected more upwards movement, which is what has happened. Summary: At the beginning of this week, the picture is not as clear as last week. The main wave count expected stronger upwards movement. It still does, and the target...
by Lara | May 14, 2016 | Gold |
The main hourly Elliott wave count expected upwards movement which is overall how Friday unfolded. Summary: The trend at intermediate degree still is most likely up. Risk remains at 1,237.97. The target remains at 1,477. It is possible that price may move lower on...
