by Lara | Jul 4, 2016 | Gold |
The main Elliott wave count from last analysis expected price to move higher, which is what has happened. Summary: At this stage, a third wave up is still the more likely scenario, but it remains possible a deeper second wave correction could be completing first. If a...
by Lara | Jun 20, 2016 | Gold |
Last analysis expected a counter trend movement to continue. A long legged doji candlestick fits this description. Summary: Minor wave 2 down has begun and should be expected to last a Fibonacci 8, 13 or 21 days in total. The most likely target will be the 0.618...
by Lara | Jan 8, 2015 | Gold |
Price moved lower as expected. A small candlestick, which may end as a doji for Thursday’s session, fits the Elliott wave count nicely. Summary: Gold is within a consolidation phase which should continue for at least another two days, and maybe another six days...
by Lara | Dec 16, 2014 | Gold |
A little more downwards movement takes this move into its fifth day. I am swapping the Elliott wave counts over. Yesterday’s alternate is now the main preferred wave count. This is in line with GDX and Silver. Summary: The bigger picture remains the same, but a...
by Lara | Dec 10, 2014 | Gold |
A small red candlestick on the daily Elliott wave chart changes the wave count at the hourly chart level. The overall mid term target remains the same, and the trend is still upwards. Summary: This sideways movement is most likely very close to completion. Overall the...
by Lara | Nov 25, 2014 | Gold |
Another small green candlestick overall fits the Elliott wave count. The alternate hourly wave count (with a small adjustment) is now much more likely, and so today I am swapping over the main and alternate hourly wave counts. Summary: The short term target is 1,218....
by Lara | Nov 17, 2014 | Gold |
Price has moved mostly sideways to complete a small red candlestick. The main and new alternate Elliott wave counts both remain valid. Summary: I still favour the main wave count, but it requires a new low below 1,146.98 before I will have confidence in the target at...
by Lara | Oct 30, 2014 | Gold |
Downwards movement continued as expected. I have a new alternate Elliott wave count for you to consider today. Summary: Downwards movement is incomplete. The target for it to end is at 1,182. It could be over sooner than expected. Click on charts to enlarge. Main Wave...
by Lara | Sep 27, 2014 | Gold
Upwards movement was expected for the first hourly chart, sideways movement was expected for the second, and there are still three possible Elliott wave structures which may be unfolding. Summary: This correction is incomplete and may either move higher to 1,251...
