by Lara | Mar 18, 2017 | Gold |
Sideways movement was expected for Friday. An inside day perfectly fits expectations. Summary: A small fourth wave correction may now continue sideways over another one to few days and should remain above 1,211.06. When the correction is complete, then a target for...
by Lara | Nov 25, 2016 | Gold |
A short, sharp wave down to about 1,170 was expected for Friday’s session. This is what happened. Downwards movement reached 1,172.10 before reversing. Summary: Gold is in a downwards trend. The main Elliott wave count has little support from classic technical...
by Lara | Oct 4, 2016 | Gold |
Downwards movement invalidated both Elliott wave counts and broke below support. Summary: Strong sharp movements are very commonly quickly reversed. How high the bounce goes may tell us which wave count is correct. A new high above 1,306.70 would add confidence to the...
by Lara | Oct 1, 2016 | Gold |
Again, upwards movement was expected for Friday’s session. Price still remains above the invalidation point. Summary: Upwards movement is still expected as most likely and should show an increase in momentum and strong volume over the coming weeks. A new high...
by Lara | Sep 2, 2016 | Gold |
Upwards movement was expected for the last session. Both Elliott wave counts remain valid. Summary: Look out now for surprises to the upside. In the short term, Monday may begin with a little upwards movement to 1,328. Thereafter, price should move lower for a...
by Lara | Jun 30, 2016 | Gold |
Downwards movement was expected for the main hourly Elliott wave count, but this is not what happened. However, price remains below the invalidation point, so all three hourly wave counts remain valid. Summary: It still looks more likely today that a correction will...
by Lara | Jan 29, 2016 | Gold |
Downwards movement breached the invalidation point on the main hourly Elliott wave chart but not the alternate. Summary: There has been no technical confirmation of a trend change for Gold from bear to bull. The bear wave count now expects a big third wave down to...
by Lara | Jan 19, 2016 | Gold |
Sideways movement remains above the invalidation point on the hourly chart. The short term Elliott wave count is changed slightly. The longer term picture is the same. Summary: Both wave counts expect upwards movement this week to make a new high above 1,112.19. The...
by Lara | Dec 7, 2015 | Gold |
Upwards movement was expected but did not happen. Price remains above the invalidation point on the hourly chart. Summary: The structure of this correction is unclear. But what looks most likely is that it is not over and may end in two more days at 1,104. Or it may...
