by Lara | Jun 13, 2016 | Gold |
Upwards movement continued as per the alternate hourly Elliott wave count. The channel on the hourly chart remains intact. Summary: At least one more high is now required to complete the structure. The target is at 1,289. If price keeps going up, then the next target...
by Lara | May 26, 2016 | Gold |
Overall sideways movement fits the main Elliott wave count nicely. Summary: A fourth wave correction is most likely incomplete. It may end about 1,233. This would be confirmed if price makes a new high above 1,225.71 short term. Alternatively, if downwards movement...
by Lara | May 3, 2016 | Gold |
Price moved lower as yesterday’s Elliott wave count expected. Summary: The correction is incomplete. The target is either 1,278 or 1,263, with the lower target slightly more likely. The correction may end in one more day. This correction presents an opportunity...
by Lara | Mar 19, 2016 | Gold |
A break slightly above 1,266.27 to 1,266.75 meant price was expected to continue higher, but this was not what happened. The alternate hourly Elliott wave count was confirmed with a new low below 1,255.66. At that stage, the target was 1,243.50. Summary: It is highly...
by Lara | Mar 14, 2016 | Gold |
More downwards movement to a target at 1,224 was expected. Price moved lower to reach 1,226.59 so far. Summary: The correction may have now ended. Price confirmation is required before any confidence may be had that it is over. A new high above 1,260.93 by any amount...
by Lara | Feb 25, 2016 | Gold |
A correction was expected to continue. A small real body for mostly sideways movement fits the expectation. Summary: The correction is still incomplete. It looks like it may most likely continue sideways as a triangle which may end in three more trading days. It is...
by Lara | Feb 4, 2016 | Gold, Gold Historical |
Upwards movement has now breached the final bear market trend line. With confirmation of a trend change, the main wave count should now be bullish. Summary: The final bear market trend line is now breached by a full daily candlestick above it and not touching it. This...
by Lara | Feb 3, 2016 | Gold |
Upwards movement was expected to end either yesterday or very soon. This upwards movement for Wednesday was unexpected but does not yet invalidate the main Elliott wave count. Summary: Price is squeezed between the final bear market trend line and a short term support...
by Lara | Jan 26, 2016 | Gold |
Yesterday’s analysis expected a new high above 1,112.19 and an upwards breakout, which is exactly what has happened. Summary: The target for both bull and bear wave counts short term is now 1,135. Price will be touching the cyan trend line when it gets there....
