by Lara | Mar 25, 2016 | Gold |
Both Elliott wave counts remain valid. Price should indicate which one is correct in the next one or two sessions. Summary: It is most likely price will continue sideways for one to two sessions before resuming a downwards trend. If price breaks below 1,212.72 at any...
by Lara | Mar 19, 2016 | Gold |
A break slightly above 1,266.27 to 1,266.75 meant price was expected to continue higher, but this was not what happened. The alternate hourly Elliott wave count was confirmed with a new low below 1,255.66. At that stage, the target was 1,243.50. Summary: It is highly...
by Lara | Mar 14, 2016 | Gold |
More downwards movement to a target at 1,224 was expected. Price moved lower to reach 1,226.59 so far. Summary: The correction may have now ended. Price confirmation is required before any confidence may be had that it is over. A new high above 1,260.93 by any amount...
by Lara | Mar 9, 2016 | Gold |
Both hourly charts yesterday expected downwards movement short term which is what happened. Summary: The correction is still most likely incomplete. Some upwards movement for the next day or so may be a B or X wave which could make a new high. Thereafter, downwards...
by Lara | Mar 2, 2016 | Gold |
Upwards movement was expected from last analysis, but this looks to be too weak to be a breakout. Summary: One final short wave down to about 1,220 should complete a fourth wave triangle. The next move for Gold should be a short sharp thrust up and out of the triangle...
by Lara | Feb 25, 2016 | Gold |
A correction was expected to continue. A small real body for mostly sideways movement fits the expectation. Summary: The correction is still incomplete. It looks like it may most likely continue sideways as a triangle which may end in three more trading days. It is...
by Lara | Feb 17, 2016 | Gold |
Sideways movement in a narrow range looks like a triangle. The question is: where did price enter the triangle and so in what direction will the breakout be? I have three hourly wave counts to try to answer this question. Summary: It looks like today minute wave iv is...
