by Lara | Dec 9, 2016 | Reference |
The other alternate idea of a leading expanding diagonal published up to yesterday will be discarded based upon a very low probability. Click chart to enlarge. An analysis back to 1997 of the daily chart of first waves and A waves at minor degree* and above reveals 23...
by Lara | Dec 5, 2016 | Gold |
Price whipsawed and crossed both invalidation points for the first two hourly charts. Summary: It looks like Gold is finding a low. Confidence in a trend change would come with a new high above 1,232.48. Double divergence now with RSI strongly indicates a low here or...
by Lara | Nov 11, 2016 | Gold |
A new low below 1,242.87 has invalidated the main Elliott wave count and confirmed the more bearish alternate. There is only one wave count now. Summary: The classic technical analysis is very bearish. Corrections are an opportunity to join the trend. A correction to...
by Lara | Nov 10, 2016 | Gold |
A consolidation was expected. Downwards movement remains above the invalidation point on the main Elliott wave count. Summary: A consolidation is expected to move sideways for about three weeks. This may be a B wave within a B wave, which do not present good trading...
by Lara | Nov 5, 2016 | Gold |
Upwards movement was expected for Friday’s session. An inside day closed green. Summary: A very slight new high to 1,308 on Monday may complete an impulse up for a third wave. This may be followed by a few days of sideways movement for a fourth wave, which...
by Lara | Oct 12, 2016 | Gold |
Gold continues to move overall sideways within a small range. The main Elliott wave count still expects a breakout in a very few days. Summary: A small consolidation continues and may continue for another two or five more days. There is no support for upwards...
by Lara | Oct 11, 2016 | Gold |
The alternate Elliott wave count has increased in probability today, so I’ve swapped over the Elliott wave counts in today’s analysis. Summary: A small consolidation continues and may continue for another few days. There is no support for upwards movement,...
by Lara | Sep 27, 2016 | Gold |
Upwards movement was expected for Tuesday’s session. This is not what happened. The hourly wave count was invalidated with a new low below 1,332.74. A multi day pullback has begun a day earlier than expected. Summary: This pullback may end in one more session...
by Lara | Aug 20, 2016 | Gold |
A short term downwards movement was expected to end a little below 1,346.27 but not below 1,340.01. Price broke a little below 1,340.01 to reach 1,338.06 invalidating the first hourly Elliott wave count and unfolding as expected for the second hourly Elliott wave...