by Lara | Feb 10, 2015 | Gold |
The fourth wave correction drifted slightly higher and was followed by downwards movement, exactly as expected. Summary: Once the lower pink trend line is breached I expect downwards momentum to increase. The short term targets are either 1,228 – 1,224 or 1,199...
by Lara | Feb 9, 2015 | Gold |
A shallow fourth wave correction was expected, but I had expected it to be more brief than it is turning out to be. Summary: When this fourth wave correction is over a fifth wave down should unfold. The target for this next wave down is 1,224, but be aware sometimes...
by Lara | Feb 6, 2015 | Gold |
The middle of a third wave down has just passed, exactly as expected. Summary: The middle of a third wave has just passed. The target for it to end is still at 1,224 which may be met on Monday. Be aware Gold sometimes exhibits strong fifth waves and if this target is...
by Lara | Feb 5, 2015 | Gold |
More upwards movement was allowed for and has remained below the invalidation point and trend line on the Elliott wave hourly chart. Summary: I expect a third wave down is underway. The short term target for the end of the middle of the third wave is at 1,224 and this...
by Lara | Feb 4, 2015 | Gold |
Just one quick Elliott wave hourly chart to update most recent movement. Minuette wave (ii) is moving a little higher, and it is not quite complete. At 1,275 micro wave C within the second zigzag of this double would reach equality in length with micro wave A. This...
by Lara | Feb 4, 2015 | Gold |
More upwards movement was allowed for and has remained below the invalidation point and trend line on the Elliott wave hourly chart. Summary: I am expecting the middle of a third wave has most likely just begun. The target for it to end is at 1,223. The targets for...
by Lara | Feb 3, 2015 | Gold |
Price made a slight new high but failed by a considerable margin to reach the target, which was at 1,299. The trend channel on the Elliott wave hourly chart indicated a trend change, and a third wave down. Summary: A third wave has most likely begun. In the short term...
by Lara | Feb 2, 2015 | Gold |
Upwards movement hit the first target zone of 1,281 – 1,287, but structure indicates the correction is not over there. Summary: In the short term I expect one more upwards zigzag to a target at 1,299. This may give one more green candlestick or doji to show this...
by Lara | Jan 30, 2015 | Gold |
Downwards movement did not continue as expected. A new high above 1,272.34 invalidated the Elliott wave count at the hourly chart level. Summary: In the short term I expect upwards movement to end about 1,281 – 1,287. This upwards movement is a deep second wave...
