by Lara | Dec 31, 2014 | Gold |
The alternate Elliott wave count was confirmed with a new low below 1,190.96. The main Elliott wave count was invalidated, and will now be discarded. Summary: Downwards movement continues to find support at the pink ii-iv trend line. An upwards wave should begin from...
by Lara | Dec 22, 2014 | Gold |
As expected price broke out of the sideways range with a downwards thrust. The target can now be calculated. Summary: Downwards movement should be close to completion. The target is at 1,162. Thereafter, the next move for Gold should be a strong third wave up, which...
by Lara | Oct 22, 2014 | Gold |
Today the situation is remarkably unclear, even after about two weeks of confidence with this second Elliott wave correction. I have three scenarios for you today. Summary: It is most likely that this second wave correction is incomplete. If price breaks above...
by Lara | Oct 15, 2014 | Gold |
Upwards movement was expected to reach 1,243 – 1,245. Price fell 4.64 short of the target before turning downwards. Summary: Downwards movement should continue a little further to 1,222, although it may move lower than this. Click on charts to enlarge. Main Wave...
by Lara | Aug 30, 2014 | Gold |
Downwards movement fits the alternate wave count better, but is not enough for final clarity. Both Elliott wave counts remain valid and the mid term outlook for them is exactly the same. Summary: The main hourly wave count has decreased in probability and the...
by Lara | Aug 14, 2014 | Gold |
Sideways movement continues. The main hourly Elliott wave count still looks more likely. Summary: It is most likely we shall see more sideways movement ending a little lower to about 1,298.55 before the upward trend resumes (although this target may be too low, we may...
by Lara | Apr 15, 2014 | Gold |
Yesterday’s analysis expected price to move lower for a small B wave correction against the trend. Price has moved lower, and strongly so. The wave count remains valid and the same. Summary: This downwards movement is an incomplete correction against the current...
by Lara | Mar 31, 2014 | Gold |
Downwards movement continues as expected. With momentum continuing to slow I will swap over the main and alternate hourly wave counts. Summary: The trend is still down, but this may end soon. The short term target is 1,271 to 1,267. This analysis is published about...
by Lara | Mar 14, 2014 | Gold
Upwards movement continued as expected. The target of 1,387 to 1,390 has been met at 1,388.10. I have a main and an alternate hourly wave count for you today. Summary: Upwards movement may be over for now. This trend change requires confirmation. We need to see a...