by Lara | Feb 28, 2017 | Gold |
Some downwards movement was expected from all three hourly Elliott wave charts. Summary: Use the channel on the second hourly chart and the channel on the alternate hourly chart. Assume the upwards trend remains the same while price remains within the channel. The...
by Lara | Feb 15, 2017 | Gold |
Price made a lower low and lower high today, the definition of downwards movement. Overall, this was expected. But the session closed green with a strong bounce and that was not expected as the most likely scenario, but it was allowed for. Summary: The target for a...
by Lara | Dec 24, 2016 | Gold |
Another very small range day completes a small doji candlestick. This fits neatly with the expectations short term for the Elliott wave count. Summary: It still looks like another new low may unfold before Gold either turns or begins a time consuming consolidation....
by Lara | Nov 9, 2016 | Gold |
Upwards movement fell just short of the upper confirmation / invalidation point. Both Elliott wave counts remain valid. Summary: A consolidation is expected to move sideways now for about three weeks. This may be a B wave within a B wave, which do not present good...
by Lara | Nov 3, 2016 | Gold |
The main hourly Elliott wave count expected a fourth wave correction to end within a range of 1,291.63 to 1,285.41. Downwards movement for the session ended at 1,286.17. Thereafter, price has turned upwards as expected. Summary: A fifth wave up may be beginning. The...
by Lara | Oct 10, 2016 | Gold |
Upwards movement was expected for Monday. The alternate II Elliott wave count now begins to diverge from the main Elliott wave count at the hourly chart level, so hourly charts will be provided for both today. Summary: At this stage, the alternate II Elliott wave...
by Lara | Sep 26, 2016 | Gold |
Mostly sideways movement was expected for Monday. A green daily doji candlestick fits expectations perfectly. Summary: The short term target is at 1,344. The next daily candlestick is expected to be green, and this is supported by a bullish signal today from On...
by Lara | Aug 16, 2016 | Gold |
Upwards movement was again expected for the session. Summary: The target for the main wave count remains at 1,582. Substantial confidence in the main wave count may now be had if price can move above 1,366.87. A new low below 1,310.84 would invalidate the main wave...
by Lara | Aug 10, 2016 | Gold |
Again, upwards movement was expected. Summary: The trend is up. The target remains at 1,582. Further and substantial confidence may now be had in the trend and targets if price can move above 1,366.87. A new low below 1,310.84 would invalidate the main wave count and...
