by Lara | Feb 13, 2017 | Gold |
Downwards movement continued as expected for Monday’s session. The main Elliott wave count remains the same. The alternate is slightly adjusted at the hourly chart level. Summary: The target for a deep pullback is at 1,148. Follow my two Golden Rules of risk...
by Lara | Jan 10, 2017 | Gold |
Some weakness is seen in this upwards movement and price remains within a narrow channel on the hourly Elliott wave chart. Summary: Gold is in a new bull trend. In the short term, a downwards correction should be expected to have begun either today, or very soon, and...
by Lara | Dec 15, 2016 | Gold |
Downwards movement was expected to continue for the main Elliott wave count after last analysis. The target remains the same and the alternate now has a new target. Summary: The target for downwards movement to be interrupted is at 1,115 or 1,064. A break above the...
by Lara | Nov 29, 2016 | Gold |
Upwards movement was expected, but this is not what has happened. Price has moved mostly sideways to complete a small red doji and remains above the invalidation point on the hourly chart. Summary: The target for a six month long wave up is 1,500 and some confidence...
by Lara | Oct 25, 2016 | Gold |
Yesterday’s main Elliott wave count expected downwards movement, but this has not happened. Classic technical analysis will be used today to judge the probability of the main vs. alternate Elliott wave counts. Summary: A lack of support from volume today is very...
by Lara | Oct 20, 2016 | Gold |
The Elliott wave counts diverged yesterday. Price remains within the confirmation / invalidation points. Classic technical analysis, particularly volume analysis, will be used to judge the probability of each wave count today. Price is the ultimate determinator...
by Lara | Sep 6, 2016 | Gold |
A short term move lower to 1,311 – 1,312 was expected before more upwards movement. Price has moved higher. Summary: Look out now for surprises to the upside. A small sideways correction may unfold remaining above 1,327.30. The target for the Elliott wave count...
by Lara | Aug 2, 2016 | Gold |
Again, upwards movement unfolded as expected from the Elliott wave count and classic technical analysis. 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...
by Lara | Jul 19, 2016 | Gold |
The small pennant pattern noted in yesterday’s analysis continues to move price sideways in a narrow range. The breakout direction is expected to be the same. Summary: The trend is still up. A multi day correction against the trend is unfolding and still looks...
