by Lara | Jun 12, 2017 | Gold |
A slight new low followed by some sideways movement fits mostly with expectations for the hourly Elliott wave count. Summary: A second wave bounce may end about 1,277. Thereafter, a third wave down may unfold for a few days. Always use a stop, which should be just...
by Lara | Mar 28, 2017 | Gold |
Downwards movement unfolded for Tuesday’s session as expected. On Balance Volume and the 200 day moving average were enough to turn price down. A new low below 1,252.75 added a little confidence to the expectation. Summary: A pullback to about 1,230 may...
by Lara | Mar 23, 2017 | Gold |
A slight new high was not expected but was allowed for. Thereafter, price has turned downwards to breach the channel on the hourly chart. Summary: Another pullback looks most likely to have begun today. The target is about 1,217; but if this is wrong, it may be too...
by Lara | Mar 22, 2017 | Gold |
The target was at 1,253. So far price has reached 1,251.21, just 1.79 short of the target. Summary: A Gravestone Doji on BarChart data, a decline in volume, overbought Stochastics, and a complete five wave structure for the Elliott wave count all point today to this...
by Lara | Feb 14, 2017 | Gold |
A little upwards movement fits the Elliott wave count. The first in a series of second wave corrections may now be complete today. Summary: The target for a deep pullback is at 1,148. Follow my two Golden Rules of risk management: 1. Always use a stop. 2. Invest no...
by Lara | Feb 1, 2017 | Gold |
A new low below 1,202.92 invalidated the alternate hourly Elliott wave count and added confidence to the main hourly Elliott wave count. Summary: The target for this next wave down to end is at 1,154. If a new high above 1,214.91 is seen, then expect some more upwards...
