by Lara | Apr 7, 2016 | Gold |
The first hourly Elliott wave chart was invalidated with a new high above 1,236.56 confirming the second hourly Elliott wave count. The second wave count expected upwards movement to 1,244. So far price has reached 1,243.19. Summary: Upwards movement would most likely...
by Lara | Mar 17, 2016 | Gold, Public Analysis |
A small correction followed by more upwards movement is exactly what was expected. Summary: If price remains above 1,255.66 and makes a new high above 1,266.27, then it would be most likely that a third wave up is underway towards 1,327. Alternatively, a new low below...
by Lara | Mar 16, 2016 | Gold |
Upwards movement has unfolded exactly as expected. Summary: The first target for this upwards move to end is at 1,295. If price gets there and the structure is incomplete, or if price just keeps rising through the first target, then the next target is at 1,338. We...
by Lara | Feb 24, 2016 | Gold |
Last analysis expected a correction should continue. Although price breached a short term upper invalidation point the red candlestick with a long upper shadow fits a correction. Summary: The correction is most likely still incomplete. It may continue sideways for a...
by Lara | Feb 23, 2016 | Gold |
One of the remaining two hourly Elliott wave counts was invalidated. I will continue to consider all possibilities. I have a new idea today. Summary: The correction is incomplete. If it totals a Fibonacci thirteen when complete, then it may end in another five...
by Lara | Dec 14, 2015 | Gold |
Downwards movement on lighter volume fits the profile of a continuing correction for Gold. Summary: This correction may still be unfolding as either a single or double flat. The structure is incomplete. It may end in two more days, if it totals a Fibonacci thirteen....
by Lara | Dec 3, 2015 | Gold |
Upwards movement was expected. Summary: The target for this correction to end is at 1,082 – 1,084. It may reach the target in four more days time. Upwards movement is still expected to be a correction against the downwards trend. New updates to this analysis are...
by Lara | Nov 12, 2015 | Gold |
A green candlestick or doji was expected for Thursday’s session but did not happen. The third hourly wave count was confirmed with a new low below 1,075.31. Summary: A new low below 1,074.27 would indicate a strong fifth wave down is underway. The target is at...
by Lara | Oct 9, 2015 | Gold |
Upwards movement invalidated the bear Elliott wave count and confirmed the bull. With some adjustment, the bear Elliott wave count is still valid and will only be discarded when the channel containing this bear market is breached. The bear wave count will remain...