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....
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...
