by Lara | Jul 7, 2016 | Gold |
Upwards movement was expected as most likely from the main Elliott wave count. The alternate expected a little downwards movement. Summary: The trend is up. Corrections present an opportunity to join the trend. Expect upwards momentum to increase in coming weeks. The...
by Lara | May 31, 2016 | Gold |
Upwards movement was expected for Tuesday, which is exactly what happened. Summary: The trend may still be down although classic technical analysis indicates a low may be in place. A final fourth wave correction may last another one to three sessions and may end about...
by Lara | May 7, 2016 | Gold |
Upwards movement was expected from last analysis. Volume continues to favour the main Elliott wave count. Summary: Volume supports upwards movement and not downwards movement. The probability of new highs next week looks good. A new high above 1,303.51 would confirm a...
by Lara | Apr 13, 2016 | Gold |
A new low below 1,243.69 has provided some confidence in the main Elliott wave count. The alternate Elliott wave count remains valid. Summary: A new low below 1,209.08 would confirm the main wave count and invalidate the alternate. Unfortunately, there is no upper...
by Lara | Mar 22, 2016 | Gold |
A little downwards movement to 1,238 was expected before upwards movement. This is not quite what happened. Price did not move any lower, but it did move higher to complete a small green doji. Summary: I have three wave counts today. None see minor 5 as underway and...
by Lara | Feb 29, 2016 | Gold |
The correction so far is unfolding as the main hourly Elliott wave count expects. Summary: The correction may end in just one more day, if it is to total a Fibonacci thirteen daily candlesticks. One more day of sideways movement could see it end. The next wave up may...
by Lara | Feb 9, 2016 | Gold |
A break below a short term trend line on the hourly chart indicates a correction has begun. Summary: The trend is still up, but a multi day correction looks like it has arrived. Choppy overlapping sideways movement may last a few days and end either within 1,174...
by Lara | Feb 2, 2016 | Gold |
A little more upwards movement was expected. Price has moved slightly higher. Summary: Price is squeezed between the final bear market trend line and a short term support line (now coloured green on all charts for clarity). A break above the cyan line or below the...
by Lara | Jan 22, 2016 | Gold |
Upwards movement was expected. Price moved sideways in a small range to complete a very small red candlestick. Price remains above the invalidation point and is hugging the support line. Summary: The target for the bear wave count remains 1,135. The target for the...
