by Lara | Jul 9, 2015 | Gold |
Yesterday’s hourly Elliott wave chart expected an impulse down to end and be followed by another second wave correction to find resistance at the upper edge of a channel. This is what happened, with the exception of a small fourth wave not moving higher first....
by Lara | Jul 7, 2015 | Gold |
Yesterday’s main Elliott wave count expected a third wave down. Downwards movement is showing an increase in momentum, exactly as the main Elliott wave count expected. Summary: The case for a bearish breakout is strengthened; downwards movement should continue....
by Lara | Jul 3, 2015 | Gold |
A small upwards correction was expected for the very short term, which is what is happening as the week comes to a close. Summary: It is likely that Monday will see a little more upwards movement to 1,181 – 1,184. Thereafter, both bull and bear wave counts need...
by Lara | Jul 1, 2015 | Gold |
Price has moved slowly lower on slightly lower volume. This downwards movement looks corrective and fits both bull and bear Elliott wave counts. Summary: In the very short term (next 24 hours) a little upwards movement to 1,180 may complete a small second wave...
by Lara | Jun 30, 2015 | Gold |
It was expected to be most likely that downwards movement would continue, which is what has happened. Price moved lower to complete a red candlestick. Summary: The bull and bear wave counts now diverge strongly: the bear wave count now expects a strong third wave to...
by Lara | Jun 26, 2015 | Gold |
A small green candlestick fits both hourly Elliott wave counts perfectly. Summary: This correction is not done yet. Monday should see some upwards movement to at least a little above 1,178.78. Targets are either 1,181 or 1,186 – 1,188. When there is a complete...
by Lara | Jun 24, 2015 | Gold |
Both Elliott wave counts expected a little upwards movement, which may have been quick and brief, but price moved lower after a little sideways movement. Summary: A small correction is either underway or due very soon indeed. Today’s long lower wick on the red...
by Lara | Jun 22, 2015 | Gold |
Both Elliott wave counts expected downwards movement. Summary: Both bull and bear wave counts expect more downwards movement. The bull count should see downwards movement unfold as a three; the bear expects a five down. If the bear is right, then it may be confirmed...
by Lara | Jun 19, 2015 | Gold |
Downwards movement was expected for both bull and bear Elliott wave counts, in the short term, but price has moved mostly sideways to complete a small red candlestick. Summary: Both bull and bear wave counts still expect downwards movement from here. The bear wave...
