by Lara | Jul 20, 2016 | Gold |
A downwards breakout from a small pennant pattern has unfolded exactly as expected. Summary: The trend is still up. A multi day correction against the trend is unfolding and still looks incomplete. A target for it to end is either 1,300 or just below 1,249.94. In the...
by Lara | Jul 6, 2016 | Gold |
Upwards movement continues as expected for Gold. Summary: The trend is up. Corrections present an opportunity to join the trend. Expect upwards momentum to increase in coming weeks. The target for this third wave to end remains at 1,582. The middle of it may end about...
by Lara | Jun 1, 2016 | Gold |
A correction is expected to be unfolding. A red doji candlestick fits this idea well. Summary: The trend may still be down although classic technical analysis indicates a low may be in place, and for that I have a new alternate today. A final fourth wave correction...
by Lara | May 30, 2016 | Gold |
The main Elliott wave count expected downwards movement to a short term target at 1,195. Downwards movement has continued to a low for the session at 1,200.07. Summary: The trend is still down. A final fourth wave correction along the way down has begun. It may last...
by Lara | May 28, 2016 | Gold |
Downwards movement continued, which was expected for the alternate hourly Elliott wave count but not the main. Summary: The trend is still down. The final target remains the same at 1,183 in the first instance. Along the way down, there should be one more small fourth...
by Lara | May 11, 2016 | Gold |
Upwards movement was expected for Wednesday’s session, which is exactly what happened. Summary: It is likely that a third wave upwards is in the very early stages. The target remains at 1,477. Risk remains at 1,237.97. The wave count is supported by volume...
by Lara | May 4, 2016 | Gold |
Price moved lower again as yesterday’s Elliott wave count expected. Summary: The correction now looks to be complete. Price looks like it may be exhibiting a typical throwback to support after an upwards breakout. On Balance Volume may assist to stop the fall in...
by Lara | Apr 18, 2016 | Gold |
A little more upwards movement was expected to end about 1,248. Price reached up to only 1,241.55 before turning down. Summary: A new low now below 1,223.78 would provide confidence that downwards movement should continue. A new low below 1,209.08 would confirm the...
by Lara | Apr 14, 2016 | Gold |
The main Elliott wave count expected downwards movement, which is what happened. The short term target on the hourly chart was 1,228 and a bounce was expected from there. The bounce came at 1,229.17. Summary: A new low below 1,209.08 would confirm the main wave count...
