by Lara | Mar 18, 2015 | Gold |
Another one to three days of downwards movement to 1,136 or 1,123 was expected before a second wave correction began. This is not what happened. The hourly Elliott wave count was invalidated with a new high above 1,160. Summary: Minute wave i is over and minute wave...
by Lara | Mar 17, 2015 | Gold |
Downwards movement was expected for one to three days towards the target. Upwards movement is finding resistance about the upper edge of the channel, with a strong overshoot. Summary: With its structure so far incomplete and with the new low, I have more confidence...
by Lara | Mar 16, 2015 | Gold |
The fourth wave ended not as a triangle, as expected, but as a double zigzag. Summary: The final fifth wave down is underway. The target is at 1,136 and this may be met in one to three more days. The invalidation point is at 1,164.20. If the invalidation point is...
by Lara | Mar 13, 2015 | Gold |
I expected another red candlestick for Friday’s session. So far there is a small green candlestick, which may end as a green doji or it may end red. The main hourly Elliott wave count was confirmed, and minuette wave (iv) is an almost complete triangle. Summary:...
by Lara | Mar 12, 2015 | Gold |
Another red candlestick was expected for Thursday’s session. The session is close to ending, and so far the candlestick remains red. Summary: A small fourth wave correction is either over or may continue slightly higher / sideways. In the very short term a new...
by Lara | Mar 11, 2015 | Gold |
Another red candlestick was expected. However, a little upwards movement to 1,176 was expected first and this did not happen. Price moved sideways to complete a small triangle for the fourth wave correction and not a zigzag. Summary: The trend remains down at minor...
by Lara | Mar 10, 2015 | Gold |
Downwards movement continues, although yesterday’s hourly Elliott wave count expected some upwards movement first which did not happen. Summary: The trend remains down. Two more small fourth wave corrections should complete, and the current one may end about...
by Lara | Mar 9, 2015 | Gold |
Another red candlestick and a decrease in momentum were expected for Monday. So far that is what we have, although the session is not yet over and the candlestick may yet end as green. Summary: The trend remains down. A third wave is incomplete. In the very short term...
by Lara | Mar 6, 2015 | Gold |
Downwards movement and an increase in momentum were expected. Summary: The short term target for subminuette wave iii is 1,153. I expect another red candlestick for Monday. At this stage the trend is down. Click on charts to enlarge. Main Daily Wave Count This main...
