by Lara | Jan 31, 2017 | Gold |
Downwards movement was expected for Tuesday but did not happen. Price has moved higher but remains below the invalidation point on the hourly Elliott wave count. Summary: A new low below 1,202.90 would add confidence that the downwards pullback has resumed. The next...
by Lara | Jan 27, 2017 | Gold |
Downwards movement ended 1.58 below the first target. A breach of the small channel on the hourly Elliott wave chart indicated a trend change, which was expected. Summary: A little upwards movement on Monday and maybe also Tuesday is expected to end about 1,205. This...
by Lara | Jan 24, 2017 | Gold |
A small downwards day remains above the invalidation point on the main hourly Elliott wave count. So far price continues to find support at the lower edge of the channel. Summary: The bottom line is still that it must be accepted there is no indication yet of an end...
by Lara | Jan 21, 2017 | Gold |
Slightly higher movement from Gold for Friday’s session fits the main Elliott wave count. Price continues to bounce up off support at the lower trend line. Summary: The bottom line is still that it must be accepted there is no indication yet of an end to this...
by Lara | Jan 13, 2017 | Gold |
Downwards movement was expected, which is what happened. Friday’s session made a lower high and a lower low, the definition of downwards movement, although the candlestick closed green. Summary: It is reasonably likely now that upwards movement is over for now...
by Lara | Jan 11, 2017 | Gold |
Resistance will be used to see where price may turn. Fibonacci numbers are used for duration and parallel channels are used for confidence in a turn. Summary: If upwards movement continues, it may now be for only one more day; price may find resistance about 1,210. In...
by Lara | Dec 20, 2016 | Gold |
A small downwards day fits the preferred expectations for Gold, but all Elliott wave counts remain valid. Targets remain the same. Summary: It still looks like another new low may unfold before Gold either turns or begins a time consuming consolidation. The target is...
by Lara | Dec 18, 2016 | Gold |
A small inside day sees upwards movement. Price remains below the invalidation point. Summary: While price remains below 1,151.95, there is a possibility of new lows with a target at 1,118 or 1,116 – 1,113. If price makes a new high above 1,151.95, then either a...
by Lara | Dec 13, 2016 | Gold, Public Analysis |
Upwards movement was expected for the short term, but this is not what happened. Price moved sideways to complete an inside day that closed red. Summary: Upwards movement is expected for about two or seven days to 1,187, and that may complete a small correction....
