by Lara | Nov 27, 2015 | Gold |
An upwards breakout of a triangle was expected. Price broke out downwards, which was confirmed with a new low below 1,066.63. The Elliot wave count has changed. Summary: An impulse downwards is most likely complete. A correction upwards should unfold next week. The...
by Lara | Nov 25, 2015 | Gold |
An inside day with light volume fits the Elliott wave count. Summary: It is still most likely that a correction is continuing, but again the structure is unclear. I am expecting slow choppy overlapping movement for a further four days which may end about 1,101 –...
by Lara | Nov 16, 2015 | Gold |
A new high above 1,095.89 confirmed the preferred alternate Elliott wave count. Summary: A correction is most likely underway against the trend. It may continue for a minimum of three more days but more likely another six or twelve. The preferred target for it to end...
by Lara | Nov 6, 2015 | Gold |
The trend was expected to be down. Price continued lower. Summary: Expect surprises to be to the downside as the middle of a big third wave may be approaching. Short term a new high above 1,114.45 and / or a green daily candlestick on either of Gold or Silver will...
by Lara | Nov 4, 2015 | Gold |
Yesterday’s analysis expected downwards movement to be over at yesterday’s low or shortly thereafter. Price has continued substantially lower. Summary: In the short term, a new high above 1,122.95 would indicate a bounce up most likely from here. A bounce...
by Lara | Oct 30, 2015 | Gold |
More downwards movement was expected for all wave counts. Targets were inadequate, but price did move lower and remained below the invalidation point which was close by. Summary: All wave counts will now expect upwards movement for some or all of next week. A new high...
by Lara | Oct 27, 2015 | Gold |
Downwards movement was expected, but price has moved mostly sideways to complete a small green candlestick. Summary: Short term a little upwards movement to about 1,172 is expected to complete a second wave correction. Thereafter, downwards movement is expected to the...
by Lara | Oct 21, 2015 | Gold |
Upwards movement was expected. This is not what happened. The invalidation point on the hourly chart was breached by unexpected downwards movement. Summary: The structure is still incomplete. I am moving the degree of labelling for this correction up one more degree...
by Lara | Oct 13, 2015 | Gold |
Sideways / downwards movement was expected for both Elliott wave counts. Price moved lower then retraced almost all of the loss to complete a hanging man candlestick pattern for the session. Summary: Both wave counts have problems and price has not yet finally...