by Lara | Sep 28, 2017 | Gold |
Last analysis (which was just a few hours ago) expected a short term bounce. So far price has moved sideways and very slightly higher. Summary: The bigger picture sees a pullback continue here to about 1,261. It may be as low as 1,170 – 1,158. Look out for a...
by Lara | Sep 25, 2017 | Gold |
Price has moved strongly higher breaking out of the channel which contained prior downwards movement. Summary: Gold has most likely had a trend change. The target for upwards movement is either about 1,330 (second wave count) or possibly as high as 1,440 (first wave...
by Lara | Jun 2, 2017 | Gold |
Upwards movement was unexpected and invalidated the hourly Elliott wave count. Summary: Some sideways movement to remain above 1,269.45 and then another short upwards movement to touch the maroon trend line is expected next week. If the trend line is touched, it...
by Lara | May 25, 2017 | Gold |
Further sideways movement was expected. The consolidation continues. Summary: The breakout may be upwards, but it may be relatively short and brief. Thereafter, a new downwards trend may develop. The consolidation is most likely incomplete. In the short term, a new...
by Lara | May 4, 2017 | Gold, Gold Historical |
Another strong downwards day was not expected to break below a support line that extends back to December 2016. Price action today suggests the weekly alternate count, or a variation thereof, now is more likely. Summary: The outlook is now fairly bearish. Expect a...
by Lara | Mar 29, 2017 | Gold |
Another downwards day for Wednesday overall was expected. The main Elliott wave count remains the same and is still preferred over the alternate. Summary: A pullback to about 1,230 may continue. The target may be reached now in another 4 days time. New updates to this...