by Lara | Jul 18, 2016 | Gold |
Downwards movement was expected to begin the new week. Price has moved sideways in a small range, remaining below the invalidation point (which is close by) on the first Elliott wave hourly chart. Summary: The trend is still up. A multi day correction against the...
by Lara | May 21, 2016 | Gold |
The main Elliott wave count expected upwards movement for Friday’s session. Price moved sideways in a small range. Summary: At the end of the week the situation is unclear. Classic technical analysis at the weekly chart level this week favours the alternate...
by Lara | May 5, 2016 | Gold |
Price moved slightly lower, which was allowed for but not expected from yesterday’s analysis. Summary: This looks like a good set up now for a long trade on Gold. Price has broken out of a consolidation on increased volume, now turned down to find support at...
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...
