by Lara | Feb 3, 2017 | Gold |
An inside day for Friday’s session leaves both Elliott wave counts valid. Classic technical analysis may assist to determine whether the main or alternate Elliott wave count is correct. Summary: Use the pink channel on the hourly charts. A break below would...
by Lara | Jan 27, 2017 | Gold |
Downwards movement ended 1.58 below the first target. A breach of the small channel on the hourly Elliott wave chart indicated a trend change, which was expected. Summary: A little upwards movement on Monday and maybe also Tuesday is expected to end about 1,205. This...
by Lara | Jan 21, 2017 | Gold |
Slightly higher movement from Gold for Friday’s session fits the main Elliott wave count. Price continues to bounce up off support at the lower trend line. Summary: The bottom line is still that it must be accepted there is no indication yet of an end to this...
by Lara | Jan 13, 2017 | Gold |
Downwards movement was expected, which is what happened. Friday’s session made a lower high and a lower low, the definition of downwards movement, although the candlestick closed green. Summary: It is reasonably likely now that upwards movement is over for now...
by Lara | Jan 11, 2017 | Gold |
Resistance will be used to see where price may turn. Fibonacci numbers are used for duration and parallel channels are used for confidence in a turn. Summary: If upwards movement continues, it may now be for only one more day; price may find resistance about 1,210. In...
by Lara | Dec 3, 2016 | Gold |
An upwards day was expected for Friday’s session, which is what happened. Summary: A new high above 1,181.36 would provide first confidence in a trend change. A new high above 1,232.48 would add a reasonable level of confidence. The target would be either 1,491...
by Lara | Nov 28, 2016 | Gold |
The main Elliott wave count expected a green daily candlestick for Monday, which is what has happened. Summary: The target for a six month long wave up is 1,500 and some confidence may be had in this if price makes a new high above 1,204.05, and thereafter further...
by Lara | Sep 10, 2016 | Gold |
More downwards movement was expected to 1,333 – 1,330. Friday’s low was 1,327.67. Summary: A little downwards movement to a short term target at 1,319 – 1,322 may begin for Monday. Thereafter, price should turn upwards as an upwards trend develops....
by Lara | Sep 5, 2016 | Gold |
A little upwards movement to about 1,328 was expected for Monday. Price moved higher to 1,328.04. Summary: Look out now for surprises to the upside. In the short term, a spike down to about 1,311 – 1,312 may complete a small pull back. Thereafter, price should...
