by Lara | Feb 9, 2016 | Gold |
A break below a short term trend line on the hourly chart indicates a correction has begun. Summary: The trend is still up, but a multi day correction looks like it has arrived. Choppy overlapping sideways movement may last a few days and end either within 1,174...
by Lara | Feb 2, 2016 | Gold |
A little more upwards movement was expected. Price has moved slightly higher. Summary: Price is squeezed between the final bear market trend line and a short term support line (now coloured green on all charts for clarity). A break above the cyan line or below the...
by Lara | Jan 22, 2016 | Gold |
Upwards movement was expected. Price moved sideways in a small range to complete a very small red candlestick. Price remains above the invalidation point and is hugging the support line. Summary: The target for the bear wave count remains 1,135. The target for the...
by Lara | Jan 21, 2015 | Gold |
Both Elliott wave counts expected a trend change, but upwards movement has continued. This changes the probability of these two Elliott wave counts. Summary: Both the main and alternate daily wave counts still expect downwards movement from here, and both expect a...
by Lara | Sep 6, 2014 | Gold |
A green candlestick on the daily Elliott wave chart indicates this last fifth wave will be extended, and will take its time. The targets remain the same. Upwards movement remains below the invalidation point and ended at the upper edge of the channel, as expected it...
by Lara | Aug 20, 2014 | Gold |
A slight breach of the invalidation point on the hourly chart changes the picture considerably. I have considered multiple possibilities and present the Elliott wave count with the best fit and best overall look, which agrees with current momentum. Summary: I expect...
by Lara | Aug 6, 2014 | Gold |
The main Elliott wave count expected upwards movement in the short term to show an increase in momentum. The short term target was at 1,310. Price moved strongly higher as expected, so far up to 1,309.74. Summary: Today I have just one wave count for you. Upwards...
by Lara | May 22, 2014 | Gold |
With continued sideways movement today I am discarding the prior main wave count in favour of the alternate, which will be my only wave count. Summary: In the short term sideways movement may continue. I have a short term target at 1,300 for a little upwards movement....
by Lara | May 7, 2014 | Gold
Downwards movement continues as expected. This strong red candlestick for Wednesday gives me more confidence the main wave count is correct. When price breaks below 1,273.43 I will have full confidence in this wave count and the target. Summary: The target for...
