by Lara | Nov 27, 2015 | Gold |
An upwards breakout of a triangle was expected. Price broke out downwards, which was confirmed with a new low below 1,066.63. The Elliot wave count has changed. Summary: An impulse downwards is most likely complete. A correction upwards should unfold next week. The...
by Lara | Nov 26, 2015 | Gold |
Slow sideways movement was expected. I have a new hourly Elliott wave count today which fits recent movement perfectly. Summary: A triangle is most likely completing for a B wave. When it is done price should move strongly higher for a short sharp C wave to end above...
by Lara | Nov 25, 2015 | Gold |
An inside day with light volume fits the Elliott wave count. Summary: It is still most likely that a correction is continuing, but again the structure is unclear. I am expecting slow choppy overlapping movement for a further four days which may end about 1,101 –...
by Lara | Nov 24, 2015 | Gold |
A correction was expected to most likely continue, which is what has happened. Summary: A new high above 1,088.22 would provide confidence that this correction is not over, which at this stage is very likely. The target remains at 1,101 – 1,103. A new low below...
by Lara | Nov 17, 2015 | Gold |
Yesterday’s hourly chart expected some more downwards movement short term and warned a new low may be seen. This is what happened. Summary: What looks most likely today is some upwards movement which may last about two days. The target is 1,101 – 1,104 in...
by Lara | Nov 16, 2015 | Gold |
A new high above 1,095.89 confirmed the preferred alternate Elliott wave count. Summary: A correction is most likely underway against the trend. It may continue for a minimum of three more days but more likely another six or twelve. The preferred target for it to end...
by Lara | Nov 13, 2015 | Gold |
A small inside day leaves both Elliott wave counts valid. Summary: It is more likely that a second wave correction will unfold upwards from here to about 1,118 or 1,145 (less likely). This would be confirmed with a new high above 1,095.89. To see weekly charts click...
by Lara | Nov 10, 2015 | Gold |
Sideways movement to complete a small real body for Tuesday’s candlestick fits the Elliott wave count nicely. Summary: This fourth wave correction may continue for at least another one day to last a total Fibonacci three days. Choppy overlapping sideways...
by Lara | Nov 6, 2015 | Gold |
The trend was expected to be down. Price continued lower. Summary: Expect surprises to be to the downside as the middle of a big third wave may be approaching. Short term a new high above 1,114.45 and / or a green daily candlestick on either of Gold or Silver will...
