by Lara | Jul 29, 2017 | Gold |
Upwards movement was unexpected for Friday. Summary: In the short term, the situation after Friday looks more bullish. The target is again 1,277. Use the blue Elliott channel on the daily and hourly charts to indicate when price has turned. Expect more upwards...
by Lara | Jun 15, 2017 | Gold |
Overall more downwards movement was expected and did happen, but a small bounce was expected to end about 1,270 first and that did not happen. Summary: A small third wave down should continue tomorrow. Expect any price shocks to be to the downside, with upside limited...
by Lara | Feb 18, 2017 | Gold |
Price moved higher for Friday’s session, which was not expected but was allowed for. Price remains below the invalidation point on the main hourly Elliott wave count. This week volume and ATR are giving some clues as to what the upwards movement for the last...
by Lara | Jan 16, 2017 | Gold |
Upwards movement invalidated the main hourly Elliott wave count and confirmed the alternate. The target is now adjusted. Summary: The new target for upwards movement to end is 1,219. In the short term, a new low below 1,187.97 would indicate a trend change and a...
by Lara | Oct 13, 2016 | Gold |
More sideways movement has unfolded exactly as expected. The breakout is still expected in another one or four days. Summary: A small consolidation continues and may continue for another one or four more days. When the consolidation is complete, price should break out...
by Lara | Jun 18, 2016 | Gold |
Last analysis expected a correction to continue. Upwards movement remains below the high and is choppy and overlapping, although it was substantial. Summary: Minor wave 2 down has begun and should be expected to last a Fibonacci 8, 13 or 21 days in total. The most...
by Lara | Feb 13, 2016 | Gold, Gold Historical |
Downwards movement was expected for Friday’s session. Price moved overall lower in a small inside day. Summary: The trend is up. Corrections present opportunities to join the trend. Minute wave iv is most likely to continue for another two or four days. There is...
by Lara | Jan 19, 2016 | GDX |
Elliott wave charts only today. MONTHLY ELLIOTT WAVE COUNT Click chart to enlarge. DAILY ELLIOTT WAVE COUNT Click chart to enlarge. ALTERNATE ELLIOTT WAVE COUNT Click chart to enlarge. Although this is labelled as an alternate, I will not favour either wave...
by Lara | Dec 10, 2015 | Gold |
A correction was expected to continue. Another small inside day fits this expectation. Summary: The structure of this correction is unclear and it will be impossible to accurately predict the pathway price will take to complete it (because it is impossible to predict...
