by Lara | Dec 8, 2015 | Gold |
A correction was expected to continue. A small inside day fits this expectation. Summary: The structure of this correction is unclear and it will be impossible to accurately predict the pathway price will take to complete it (because it is impossible to predict what...
by Lara | Nov 19, 2015 | Gold |
Upwards movement was expected. Summary: Targets remain the same for more upwards movement: either 1,101 to 1,103 or 1,127. Upwards movement is incomplete and extremely likely to make at least a slight new high above 1,098.25. Upwards movement may continue for a...
by Lara | Nov 18, 2015 | Gold |
Yesterday’s alternate hourly Elliott wave count was confirmed with a slight new low. Thereafter, price is behaving as expected. Summary: This correction is longer lasting than originally anticipated. It is possible it may end in just one more day, but more...
by Lara | Nov 2, 2015 | Gold |
Upwards movement was expected, but this is not what happened. Price moved lower. However, there was no breach of the small channel on the hourly chart, so no confirmation of a trend change. Summary: A final low to 1,132.80 (but not below 1,132.12) may complete this...
by Lara | Oct 15, 2015 | Gold |
More upwards movement was expected and price made a new high. All the Elliott wave counts remain mostly the same and expect exactly the same direction next. Summary: The target for upwards movement to be interrupted is still at 1,198. The final line of resistance is...
by Lara | Sep 11, 2015 | Gold, Gold Historical |
Both Elliott wave counts expected more downwards movement for Friday, which is what happened. Now is when the bull and bear wave counts diverge, and next week price may provide clarity. Summary: For next week, the bear wave count expects downwards movement to...
by Lara | Sep 9, 2015 | Gold |
Downwards movement unfolded as expected for both Elliott wave counts. Confirmation that a small correction was over came with a break below the short trend line on the hourly chart, and final confirmation with a new low below 1,116.02. Summary: Markets rarely move in...
by Lara | Aug 28, 2015 | Gold |
Price has moved higher. Summary: Short term both wave counts expect this upwards movement is a small correction against a downwards trend, which may end on Monday about 1,148 – 1,150. Thereafter, for a few days price should move lower. The bull count expects the...
by Lara | Aug 19, 2015 | Gold |
Upwards movement was expected. The first target was reached. Today’s Elliott wave analysis will focus on: identifying if this structure is complete, and looking at what price point would provide first confirmation. Summary: Upwards movement is most likely...
