by Lara | Jan 13, 2018 | Gold, Public Analysis
An upwards breakout from a consolidation was expected, but it has come much more quickly than expected. A new alternate wave count this week should prepare members if price continues higher from here. Summary: The main wave count expects a trend change to a new bear...
by Lara | Nov 1, 2017 | Gold, Public Analysis |
Price is now beginning to move higher, which is what the Elliott wave counts both expected. Summary: Upwards movement for a third wave should begin now. The first target is at 1,294 where a small consolidation may unfold. The target for this upwards swing to end is at...
by Lara | Sep 21, 2017 | Gold |
Downwards movement continues as both Elliott wave counts expect. The short term target remains the same. Summary: Expect downwards movement now to continue at least for the short term. A short term target is at 1,261. This downwards swing may go as low as 1,170 to...
by Lara | Aug 9, 2017 | Gold |
Upwards movement was unexpected and has invalidated the Elliott wave count at the hourly chart level. Summary: The target is at 1,279, but it may be a little too low. If price moves above the target, look for resistance at the maroon trend line on the main daily...
by Lara | Jun 20, 2017 | Gold |
Further downwards movement was expected from the Elliott wave count. The target remains the same. Summary: Downwards movement may be over for the short term. Confidence in this view may be had if price moves into the upper half of the Elliott channel on the hourly...
by Lara | Jun 13, 2017 | Gold |
Downwards movement continues a little lower, which was not what was expected for Tuesday’s session. Summary: A second wave bounce may end about 1,281. Thereafter, a third wave down may unfold for a few days. Always use a stop, which should be just above the last...
by Lara | May 27, 2017 | Gold |
An upwards breakout looks to have occurred earlier than expected. Summary: In the short term, a new low below 1,259.61 prior to a new high would add confidence in a trend change back to down. At that stage, the target would be 1,140 although this may be too low. A new...
by Lara | Apr 25, 2017 | Gold |
A pullback has continued lower to test support at prior resistance, which is typical price behaviour. Volume will be used to indicate what is most likely to happen next. Summary: A decline in volume today and price at support suggests an upwards day tomorrow. Long...
by Lara | Apr 24, 2017 | Gold |
A correction was expected to continue for another one to few days. Today’s red candlestick with a long lower wick mostly fits that expectation. Price remains above the invalidation point but the wave count no longer has the right look, so today it is changed....
