by Lara | Jan 20, 2015 | Gold |
The main hourly wave count was invalidated with a new high, and at that stage the alternate wave count was confirmed. The target for upwards movement to end for the alternate was 1,297. That has now been met. Summary: Both the main and alternate daily wave counts...
by Lara | Jan 19, 2015 | Gold |
It is entirely possible that we could see one final wave up. I have a new hourly alternate Elliott wave count for you. Note: I am unable to upload any video today. My internet connection is limited. I will ensure that the text below is thorough. I will have a better...
by Lara | Jan 16, 2015 | Gold |
The fourth wave was expected to show on the daily chart, but it does not. Upwards movement now touches the large maroon channel on the weekly chart. Summary: I am expecting a trend change either now or very soon. First confirmation would come with a new low below...
by Lara | Jan 15, 2015 | Gold |
The second wave ended just short of the target at 1,225.15 by 0.99. Thereafter, upwards movement looks like a typical third wave. Summary: The trend at minute, minor and intermediate degree remain up today, but this structure is getting close to completion. A small...
by Lara | Jan 14, 2015 | Gold |
This second wave correction is either over already or it may have one final last push down. We may use confirmation / invalidation points to work with the two hourly wave counts today. Summary: The trend at minute, minor and intermediate degree remains up. A third...
by Lara | Jan 13, 2015 | Gold |
The alternate Elliott hourly wave count from yesterday’s update was confirmed with a new high above 1,241.61. Summary: The trend is up. I expect it to end above 1,262.94. Use the trend channel on the hourly chart to indicate when a larger correction has arrived,...
by Lara | Jan 13, 2015 | Gold |
With the market moving higher than expected, I have updated hourly charts for you. We can use the confirmation / invalidation points to show which wave count is correct. Click on charts to enlarge. Main Hourly Wave Count Subminuette wave b is now a 199% correction of...
by Lara | Jan 12, 2015 | Gold |
Some upwards movement was expected, but the target at 1,226 has been passed. The Elliott wave count remains the same, and I have a new alternate for you. Summary: In the short term upwards movement may end at 1,234. Thereafter, the main wave count expects a downwards...
by Lara | Jan 9, 2015 | Gold |
In the short term upwards movement was expected from yesterday’s analysis on the hourly chart. The Elliott wave count remains exactly the same. Summary: Gold is within a consolidation phase which should continue for at least one more day, and most likely longer....
