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....
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...
