by Lara | Apr 10, 2015 | Gold |
The main Elliott wave count expected downwards movement. This is not what happened. The small channel was breached on the alternate hourly Elliott wave count, which was the first indicator it was more likely. Summary: The main hourly wave count is discarded in favour...
by Lara | Apr 9, 2015 | Gold |
Yesterday’s Elliott wave analysis expected it was extremely likely price would move higher, although confirmation was required by a channel breach on the hourly chart and a new high above 1,206.49. We did not get confirmation of a trend change and price moved...
by Lara | Apr 8, 2015 | Gold |
Downwards movement was expected as 60% likely, which is what happened. Summary: I expect Gold has just completed a small correction two hours ago. It is extremely likely that the next few days will see strong upwards movement with an increase in momentum and high...
by Lara | Apr 7, 2015 | Gold |
Downwards movement was confirmed quickly with a channel breach of the hourly chart. Thereafter, a red candlestick was expected for Tuesday’s session. Summary: I judge it 60% likely that minute wave ii is only halfway through and may continue for another one or...
by Lara | Apr 6, 2015 | Gold |
The main hourly Elliott wave count expected upwards movement. It had two targets, 1,212 and 1,223, for a possible extended fifth wave. The second target was met and exceeded slightly when price reached 1,224.35. Summary: It looks like minute wave i is now over, but...
by Lara | Apr 2, 2015 | Gold |
The main Elliott wave count expected a fourth wave correction to unfold downwards / sideways. This is what happened, although it is more time consuming than expected. Summary: The main hourly wave count has a higher probability than the alternate hourly wave count....
by Lara | Apr 1, 2015 | Gold |
A strong upwards movement fits one of the three hourly Elliott wave counts from yesterday. The next 24 hours should tell us which Elliott wave count is correct. Summary: My main wave count expects a third wave has just begun, which is supported by volume and momentum....
by Lara | Mar 31, 2015 | Gold |
Downwards movement for the short term was expected to 1,177. Price moved lower to reach 1,178.59. Summary: The short term outlook is unclear. Only a new high above 1,219.99 would confirm minor wave 2 as over and minor wave 3 as underway. If minor wave 2 continues...
by Lara | Mar 30, 2015 | Gold |
Downwards movement was again expected. Summary: Downwards movement should continue for Tuesday to complete another red candlestick. A short term target is at 1,177. Wednesday may see some upwards movement for a B wave within this correction which may produce a small...
