by Lara | Mar 5, 2015 | Gold |
A slight new low below 1,198.39 invalidated the main hourly Elliott wave count and confirmed the alternate hourly Elliott wave count. At that stage a leading diagonal was complete, and I expected it to be followed by a deep second wave correction to find resistance at...
by Lara | Mar 4, 2015 | Gold |
A small red candlestick for an inside day is completing. Overall, this fits the Elliott wave count. Summary: The middle of intermediate wave (3) has most likely begun. A breach of the green channel on the hourly chart would add confidence to the wave count. I will...
by Lara | Mar 3, 2015 | Gold |
A new low below 1,204.53 has confirmed the alternate hourly Elliott wave count. This is now the only hourly Elliott wave count. Summary: The middle of intermediate wave (3) has most likely begun. A breach of the green channel on the hourly chart would add confidence...
by Lara | Mar 2, 2015 | Gold |
Upwards movement was again expected. We have a new high. Downwards movement was not expected to be this deep though. I have a new Elliott wave count for you to consider today, and price should tell us very quickly if it is likely. Summary: This correction is too deep....
by Lara | Feb 28, 2015 | Gold |
Upwards movement was expected, with Friday’s session completing a green candlestick which fits the Elliott wave count. I have a new main and alternate Elliott wave count for you to end the week, and I am more satisfied that the subdivisions and ratios are a...
by Lara | Feb 26, 2015 | Gold |
A new high above 1,211.96 invalidated the main hourly Elliott wave count and confirmed the alternate. Summary: I expect choppy overlapping movement for about five more days (including Friday’s session) to either 1,235 or 1,263, favouring the lower target. Click...
by Lara | Feb 25, 2015 | Gold |
Downwards movement was expected, with a short term upwards correction to end just above 1,210.44 before the downwards trend resumes. Summary: The main wave count expects downwards momentum to begin to increase now, and the target remains at 1,124. A new low below...
by Lara | Feb 24, 2015 | Gold |
Downwards movement and an increase in momentum were expected. Price remains within the lower half of the channel on the hourly chart, but has not managed to make a new low. Summary: I still expect a third wave down is unfolding. The target for it to end is 1,124. The...
by Lara | Feb 23, 2015 | Gold |
A new low below 1,201.61 invalidated the main hourly Elliott wave count and confirmed the alternate. At that stage more downwards movement was expected. Summary: A third wave down is unfolding. The target for it to end is 1,124. The alternate wave count is further...
