by Lara | Jul 27, 2015 | Gold |
Price began the session with some upwards movement, which the last Elliott wave analysis expected, but price then moved lower to complete a red candlestick. Summary: A new high above 1,105.18 would indicate more upwards movement to a target at 1,121. A new low below...
by Lara | Jul 17, 2015 | Gold |
Price continues to fall exactly as expected. The Elliott wave count remains the same, and all targets are the same. Summary: Downwards movement should continue. Price is today finding support at the green channel. On the hourly chart, the new red channel may show...
by Lara | Jul 16, 2015 | Gold |
Downwards movement was expected, again, and this has occurred. Supported again by technical analysis indicators, the Elliott wave count remains the same. Summary: Downwards movement should continue. Use the brown channel on the hourly chart to indicate where upwards...
by Lara | Jul 8, 2015 | Gold |
Yesterday’s hourly Elliott wave chart expected an impulse down to end and be followed by another second wave correction to find resistance at the upper edge of a channel. This is what happened, with the exception of a small fourth wave not moving higher first....
by Lara | Jul 7, 2015 | Gold |
Yesterday’s main Elliott wave count expected a third wave down. Downwards movement is showing an increase in momentum, exactly as the main Elliott wave count expected. Summary: The case for a bearish breakout is strengthened; downwards movement should continue....
by Lara | Jun 29, 2015 | Gold |
Upwards movement to at least a little above 1,178.78 was expected for both Elliott wave counts. Targets were either 1,181 or 1,186 – 1,188. Price moved higher as expected to reach up to just 0.16 above the second target. Summary: It is most likely that downwards...
by Lara | Jun 26, 2015 | Gold |
A small green candlestick fits both hourly Elliott wave counts perfectly. Summary: This correction is not done yet. Monday should see some upwards movement to at least a little above 1,178.78. Targets are either 1,181 or 1,186 – 1,188. When there is a complete...
by Lara | Jun 18, 2015 | Gold |
Again upwards movement was unexpected for the bear Elliott wave count, but for the bull Elliott wave count the target was met. Summary: Both bull and bear wave counts expect downwards movement from here. The bear wave count expects the middle of a third wave down to...
by Lara | Jun 17, 2015 | Gold |
Upwards movement was not expected. Price has so far reached to just below a short term invalidation point. Summary: The bear wave count still requires more downwards movement to a minimum at 1,165.76. The bull count requires upwards movement to a minimum 1,195.71....
