by Lara | Jan 9, 2016 | Gold |
A short term target for a fourth wave correction to begin was 1,113. Price turned at 1,112.19. Summary: Next week should see choppy overlapping sideways movement for a fourth wave correction. New updates to this analysis are in bold. To see the last long term analysis...
by Lara | Dec 17, 2015 | Gold |
A new low below 1,057.4 confirmed the alternate hourly wave count. Summary: A downwards breakout may be underway. A close below the lower zone of support on a day with an increase in volume looks like a downwards breakout from a consolidation zone. Yesterday’s...
by Lara | Dec 1, 2015 | Gold |
Upwards movement was expected. Summary: This second wave correction may last a total Fibonacci 13 or 21 days. It would most likely end about the 0.382 Fibonacci ratio at 1,104, because it may find resistance there at a trend line. The trend is down. This is a...
by Lara | Nov 10, 2015 | Gold |
Sideways movement to complete a small real body for Tuesday’s candlestick fits the Elliott wave count nicely. Summary: This fourth wave correction may continue for at least another one day to last a total Fibonacci three days. Choppy overlapping sideways...
by Lara | Oct 7, 2015 | Gold |
Downwards movement was expected. Price first moved higher but remained below the invalidation point for the bear Elliott wave count. Price then turned lower to complete a small red candlestick. Summary: I expect downwards movement from here for the bear wave count for...
by Lara | Sep 29, 2015 | Gold |
Both Elliott wave counts will expect the same movement next. Summary: A small consolidation should unfold over the next one to three days. The bear wave count sees it as a second wave correction, the bull as a B wave within a B wave. When it is done the breakout...
by Lara | Sep 21, 2015 | Gold |
Both Elliott wave counts expected downwards movement for Monday, which is what happened. Summary: The bull and bear wave counts again diverge. The bear wave count expects downwards movement to continue. The bull wave count expects upwards movement from here. The...
by Lara | May 22, 2015 | Gold |
The short term target for a little upwards movement was at 1,217. Gold moved higher to 1,215.03 and then turned down exactly as expected. Summary: With price above 1,200.03 all four ideas remain valid. The main bull and main bear wave counts (yesterday’s...
by Lara | May 4, 2015 | Gold |
Upwards movement fits the alternate hourly Elliott wave count best, which works for both bull and bear wave counts at the daily chart level. Volume continues to be a strong indicator of which Elliott wave count is more likely. I have another weekly chart for you today...
