by Lara | Oct 26, 2015 | Gold |
Downwards movement was expected. Price moved lower, but slowly, to complete a small red doji. Summary: More downwards movement is likely at least for the short / mid term. The target is 1,142 to be met in one day, although now it looks like it may take a little...
by Lara | Oct 16, 2015 | Gold |
Short term some sideways movement was allowed for and this is what is happening. The breakout direction is still expected to be the same for all wave counts. Summary: Short term I expect Monday to continue a sideways drift. When it is done price should breakout...
by Lara | Sep 4, 2015 | Gold |
A slight new low and a small red candlestick fit both Elliott wave counts. Regular technical analysis also expected more downwards movement for Friday. Summary: Downwards movement should continue to 1,096 for the bull wave count or 1,063 for the bear wave count. On...
by Lara | Aug 25, 2015 | Gold |
Downwards movement fits both Elliott wave counts, but with greatly reduced volume the main Elliott wave count is better supported. Summary: The main wave count expects Gold is in a sideways consolidation which is incomplete. It may end with another three or six days...
by Lara | Aug 14, 2015 | Gold |
The Elliott wave count continues to unfold mostly as expected. A breakout has not yet been indicated. Summary: The structure for minute wave iv is still incomplete. Minute wave iv still needs one final fifth wave up to end it; to the upside the invalidation point is...
by Lara | Aug 5, 2015 | Gold |
Yesterday’s Elliott wave analysis expected the current structure to be over more quickly, but it is taking its time. Summary: The triangle is still completing, taking its time and testing our patience. I am still confident that when it is done the breakout will...
by Lara | Jul 28, 2015 | Gold |
Sideways movement in a small range fits the Elliott wave count very nicely. Summary: A sideways consolidation is very mature; the breakout is now very close and most likely to be downwards. A new low below 1,086.57 would confirm a downwards breakout is underway, the...
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 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....
