by Lara | Apr 26, 2016 | Gold |
Another small range day continues the consolidation. Summary: Gold is still range bound. There are still at least two valid wave counts for this correction and they encompass four possible structures which may unfold this week. This means that short term price swings...
by Lara | Apr 12, 2016 | Gold |
A small range day to a slight new high does not clarify which Elliott wave count is correct. The main Elliott wave count still has a higher probability. Summary: A new low below 1,243.69 would provide some confidence in the main wave count and reduce the probability...
by Lara | Apr 5, 2016 | Gold |
The situation is still unclear. Three Elliott wave counts are presented today. Summary: Sideways movement is unconvincing as a C wave up. A break now above 1,236.56 would indicate more upwards movement as likely to above 1,275.24 and maybe as high as 1,302. A break...
by Lara | Mar 21, 2016 | Gold |
A new low indicated that the correction was deepening to be closer to the 0.618 Fibonacci ratio. This was not what was expected for Monday. Summary: A target for this downwards movement to end is close by at 1,238. Thereafter, a third wave up should begin; confidence...
by Lara | Feb 27, 2016 | Gold |
Sideways movement was expected to continue for a correction. Summary: The correction is still incomplete. It looks like it may most likely continue sideways as a triangle which may end in two more trading days. It is still possible that it could end Monday as a...
by Lara | Jan 27, 2016 | Gold |
More upwards movement was expected. Summary: Both wave counts now expect some sideways / downwards movement for a small fourth wave to most likely end about 1,114. Thereafter, at least one more push up to 1,135 is expected. That is the point where the wave counts...
by Lara | Dec 9, 2015 | Gold |
A correction was expected to continue. A small inside day fits this expectation. Summary: The structure of this correction is unclear and it will be impossible to accurately predict the pathway price will take to complete it (because it is impossible to predict what...
by Lara | Nov 23, 2015 | Gold |
Upwards movement was expected but did not happen. Price moved lower to invalidate the hourly Elliott wave count. Summary: A new high above 1,088.22 would provide confidence that this correction is not over. The target remains at 1,101 – 1,103 as most likely. A...
by Lara | Nov 3, 2015 | Gold, Gold Historical |
Downwards movement was not expected below 1,132.12. Only one bull wave count remains valid as does the bear. Summary: A five wave impulse is either over here or may be very soon. Use the smallest channel on the hourly chart to indicate when downwards movement is over....
