by Lara | Sep 14, 2015 | Gold |
The Elliott wave counts still diverge and price has still not indicated which one is correct. Summary: The bear wave count expects downwards movement to continue, with an increase in momentum, and the bull wave count expects upwards movement. The critical trend line...
by Lara | Sep 10, 2015 | Gold |
Yesterday two scenarios were presented on the hourly charts for the short term. The second less likely scenario has played out. Both Elliott wave counts expect the same direction next. Summary: Both wave counts will expect downwards movement to resume. In the short...
by Lara | Sep 8, 2015 | Gold |
The scenario on the hourly bear Elliott wave count was preferred, which expected a little upwards movement to a short term target at 1,128 – 1,129. Price moved higher to 1,127.96. Summary: Both wave counts still expect overall downwards movement this week. In...
by Lara | Sep 7, 2015 | Gold |
Overall downwards movement was expected mid term for both Elliott wave counts. The short term structure favours the idea presented on the hourly bear Elliott wave count. Summary: Both wave counts still expect overall downwards movement this week. Short term it is most...
by Lara | Sep 3, 2015 | Gold |
Downwards movement is unfolding as expected for both Elliott wave counts. Summary: Downwards movement should continue to 1,096 for the bull wave count or 1,063 for the bear wave count. On the way down, a new low below 1,072.09 would fully invalidate the bull wave...
by Lara | Sep 2, 2015 | Gold |
Downwards movement was expected for Wednesday’s session for Gold. Today’s analysis will answer the question of whether or not price has confirmed the trend. Summary: The channel on the hourly chart is breached, but the breach is not convincing and there is...
by Lara | Aug 31, 2015 | Gold |
A small correction is unfolding sideways. The correction was expected to end Monday about 1,148 – 1,150, but it is not unfolding exactly as expected. Summary: Both wave counts expect this correction is not yet over and should keep going sideways for another day,...
by Lara | Aug 27, 2015 | Gold |
Downwards movement was expected. Price moved sideways to complete a very small red doji. Summary: For the short term, both wave counts still expect downwards movement. The bull count expects a zigzag down to end most likely within a range of 1,105 – 1,091. The...
by Lara | Aug 26, 2015 | Gold |
Movement below 1,119.23 has invalidated how the bull wave count was labelled for most recent movement and reduced the probability overall of that count. At this stage, I now have a bull and bear count which have about an even probability. Price should tell us which...
