by Lara | Sep 19, 2016 | Gold |
Upwards movement was expected for Monday’s session, which is what has happened. Summary: Price needs to break out of the best fit channel on the hourly chart before confidence may be had that a low is in place. Risk remains at 1,302.93 while price remains within...
by Lara | Aug 24, 2016 | Gold |
Downwards movement unfolded exactly as expected. Summary: Price should move a little lower to complete a five wave impulse. The short term target is at 1,315. If price breaks below 1,310, then a target for downwards movement to end is at 1,279. The longer term trend...
by Lara | Aug 13, 2016 | Gold |
Again, upwards movement was expected and overall did not happen. The new low for Friday remains above the invalidation point on the hourly Elliott wave chart. Summary: The target for the main wave count remains at 1,582. Substantial confidence in the main wave count...
by Lara | Aug 3, 2016 | Gold |
Upwards movement was expected, but a warning was given due to some bearishness in volume. Summary: The trend is up. The target remains at 1,582. Corrections are an opportunity to join the trend. Invest no more than 3-5% of equity on any one trade and always use a stop...
by Lara | Jul 20, 2016 | Gold |
A downwards breakout from a small pennant pattern has unfolded exactly as expected. Summary: The trend is still up. A multi day correction against the trend is unfolding and still looks incomplete. A target for it to end is either 1,300 or just below 1,249.94. In the...
by Lara | Jul 5, 2016 | Gold |
A correction was expected to end at a target zone given at 1,337 – 1,339. Price moved lower to reach 1,338.21 and turned there to continue upwards, exactly as expected. Summary: The trend is up. Corrections present an opportunity to join the trend. Expect...
by Lara | Jun 21, 2016 | Gold |
Targets for downwards movement were 1,271 and 1,244. Downwards / corrective movement continues as expected. Summary: Minor wave 2 down has begun and should be expected to last a Fibonacci 8, 13 or 21 days in total. The most likely target will be the 0.618 Fibonacci...
by Lara | Jun 11, 2016 | Gold |
The first target for upwards movement at 1,277 was met and exceeded by only 0.77. Summary: A downwards correction looks like it is more likely now to start on Monday and last at least one week. This would be confirmed by a breach of the channel on the hourly chart,...
by Lara | Jun 1, 2016 | Gold |
A correction is expected to be unfolding. A red doji candlestick fits this idea well. Summary: The trend may still be down although classic technical analysis indicates a low may be in place, and for that I have a new alternate today. A final fourth wave correction...
