by Lara | Jun 2, 2017 | Gold |
Upwards movement was unexpected and invalidated the hourly Elliott wave count. Summary: Some sideways movement to remain above 1,269.45 and then another short upwards movement to touch the maroon trend line is expected next week. If the trend line is touched, it...
by Lara | May 11, 2017 | Gold |
Last analysis expected upwards movement as fairly likely. This is what has happened. Targets are the same. Summary: GDX has a low in place and it looks increasingly like Gold does too. Targets for minor wave B are either 1,245 or 1,264, and these are equally as...
by Lara | May 2, 2017 | Gold |
Price moved slightly lower, which was not what the main wave count expected, but it was allowed for. No confirmation of a trend change has yet been seen. Summary: The upwards trend should resume here or very soon. Confidence may be had in this expectation if price...
by Lara | Apr 10, 2017 | Gold |
The breakout from a consolidation zone has still not happened. The longer price coils between support and resistance, the more violent the breakout will be. Summary: On Balance Volume at the daily and possibly also weekly chart levels gives bullish signals for Gold....
by Lara | Apr 6, 2017 | GDX, Gold |
Upwards movement was expected. Price moved lower, but has rebounded strongly after the session closed. Downwards movement remained above the invalidation point on the hourly chart. Summary: Look out for strong upwards movement from both Gold and GDX, which may still...
by Lara | Mar 29, 2017 | Gold |
Another downwards day for Wednesday overall was expected. The main Elliott wave count remains the same and is still preferred over the alternate. Summary: A pullback to about 1,230 may continue. The target may be reached now in another 4 days time. New updates to this...
by Lara | Mar 9, 2017 | Gold, Gold Historical |
Price continues to move lower towards the target as expected. Summary: The bottom line for the short term is that while price remains within the channels on the hourly charts expect it to continue to fall. It is entirely possible that my targets could be wrong and...
by Lara | Feb 7, 2017 | Gold |
A small range inside day fits both Elliott wave counts, but the situation is no clearer. Summary: If we expect the most common scenario to unfold, then we should be right more often than wrong. We will still be wrong sometimes, alternates are still possible, but this...
by Lara | Feb 3, 2017 | Gold |
An inside day for Friday’s session leaves both Elliott wave counts valid. Classic technical analysis may assist to determine whether the main or alternate Elliott wave count is correct. Summary: Use the pink channel on the hourly charts. A break below would...
