by Lara | Aug 17, 2015 | Gold |
Upwards movement was expected for Monday. Summary: Upwards movement may end tomorrow about 1,132. If it does not end there tomorrow, then the next expectation would be Wednesday to see a high at 1,142 – 1,144. Upwards movement may end at any stage as soon as a...
by Lara | Aug 6, 2015 | Gold |
The Elliott wave count remains the same. A breakout is still expected to come very soon. Summary: The triangle is still completing, taking its time and testing our patience. I am still confident that when it is done the breakout will be downwards to move at least...
by Lara | Jul 29, 2015 | Gold |
Sideways movement again fits the preferred hourly Elliott wave count. We may now have some confidence about what should happen next. Summary: A fourth wave triangle has most likely ended. The classic technical analysis equivalent to a triangle is a pennant, which is a...
by Lara | Jul 20, 2015 | Gold |
Previous analysis warned of possible swift strong fifth wave extensions to end a third wave. Last analysis also stated that when price broke below the lower edge of the green channel on the daily chart, then an increase in downwards momentum was expected. That was...
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 | 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 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...
by Lara | Jun 10, 2015 | Gold |
A new high above 1,191.71 invalidated two hourly Elliott wave counts confirming the prior downwards wave as complete. Summary: The bull wave count now expects a third wave up has begun, and the target is the same at 1,288. The bear wave count now expects a second wave...
by Lara | May 25, 2015 | Gold |
The main bull and bear Elliott wave counts expected a little downwards movement. Price has drifted sideways in a narrow range. Summary: A small B wave is most likely continuing sideways as a double combination. The target for it to end is 1,215. Thereafter, both main...
