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...
by Lara | Mar 28, 2015 | Gold |
Downwards movement was expected. Friday closed with a small red candlestick fitting both Elliott wave counts nicely. Summary: Downwards movement should continue next week. The lower volume for Friday supports the main wave count which expects a correction to 1,172...
