by Lara | Jun 16, 2014 | Gold
For the last Elliott wave technical analysis upwards movement for Gold was expected, but fell short of the target at 1,291 by 6.01. Summary: A fourth wave correction should continue for another session. The target for it to end is at 1,268.07. Thereafter, the upwards...
by Lara | Jun 14, 2014 | Gold |
The short term expectation was for a correction to end about 1,263.79 and last about 24 hours. The correction did unfold, but it moved only sideways as a small fourth wave triangle that lasted 20 hours, ending as a very shallow fourth wave at 1,273.39. Summary: I am...
by Lara | Jun 12, 2014 | Gold, Gold Historical |
The target at 1,271 was met and exceeded by 3.97 during the last 24 hours. Upwards movement was expected for the short term. However, I am making a judgement today to swap over the main wave count to the triangle idea for primary wave 4. This upwards movement does not...
by Lara | Jun 12, 2014 | Gold
Slow sideways and upwards movement continued as expected. The main wave count is the same and the triangle wave count is different today. Summary: The correction is still most likely incomplete. I expect a little more upwards movement to 1,271. Thereafter, downwards...
by Lara | Jun 10, 2014 | Gold |
Movement above 1,257.96 invalidated the main hourly wave count and was allowed for in the alternate wave count, but the structure was incorrect. I still have the same two wave counts for you. The structure at the hourly chart level is exactly the same, the...
by Lara | Jun 10, 2014 | US Oil, US Oil Historical |
Last analysis expected downwards movement with an increase in momentum. This is not what happened. Upwards movement above 104.49 invalidated the daily wave count. I have a new wave count. A variation of prior analysis is an alternate wave count. Summary: Price should...
by Lara | Jun 10, 2014 | Gold
Another sideways session and another small red doji candlestick still fits the wave count. However, with sideways movement lasting over two days now I am again considering an alternate idea published previously. It makes no difference to overall direction at the daily...
by Lara | Jun 8, 2014 | Gold, Gold Historical |
This wave count expects Gold is within a grand super cycle correction. Historic Analysis. Data used for the chart above is averages for the year. It does not include high / low. Note the chart scale is a logarithmic scale. This wave count expects Gold is within a...
by Lara | Jun 7, 2014 | Gold
Sideways movement completed a red doji candlestick for Friday’s session. The prior day’s high at 1,258.38 remains intact for now and the wave count remains the same. Summary: A third wave down has most likely begun. The target is 1,206. Movement below...
