by Lara | Oct 17, 2017 | Gold |
Downwards movement continued overall as the last analysis expected. Summary: The larger trend remains up but a pullback is underway. At its end, it should offer an entry point to join the upwards trend. That may not be until the end of this week or the beginning of...
by Lara | May 2, 2017 | Gold |
Price moved slightly lower, which was not what the main wave count expected, but it was allowed for. No confirmation of a trend change has yet been seen. Summary: The upwards trend should resume here or very soon. Confidence may be had in this expectation if price...
by Lara | Mar 25, 2017 | Gold |
Downwards movement for a pullback was expected for Friday’s session. A lower low and a lower high is the definition of downwards movement, and this is what was seen for Friday. Summary: Another pullback looks most likely to be underway. The target is now about...
by Lara | Mar 9, 2017 | Gold, Gold Historical |
Price continues to move lower towards the target as expected. Summary: The bottom line for the short term is that while price remains within the channels on the hourly charts expect it to continue to fall. It is entirely possible that my targets could be wrong and...
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...
