by Lara | Mar 21, 2014 | Gold |
Last analysis expected continued downwards movement to a short term target at 1,295 to 1,293. This is not what happened; price moved slowly higher. Although the wave count remained valid the green candlestick on the daily chart indicates it was wrong and so it is...
by Lara | Mar 6, 2014 | Gold |
Upwards movement remains below the invalidation point for the first wave count. Both wave counts remain valid and both remain mostly the same. I do have a new third wave count for you today. Every technical analysis method has its periods of uncertainty. Elliott wave...
by Lara | Jan 22, 2014 | Gold |
Yesterday’s analysis expected a little upwards movement to be followed by downwards movement to new lows, and a red candlestick for Wednesday’s session. This is not what happened as price has moved sideways. Overall this movement fits into the mid term...
by Lara | Jan 4, 2014 | Gold |
Movement above 1,231.74 invalidated the main hourly wave count and confirmed the alternate. At that stage the wave count expected more upwards movement. The wave count remains the same. Click on the charts below to enlarge. Gold is still within a large fourth wave...
by Lara | Nov 18, 2013 | Gold |
Sideways movement completed a triangle before downwards movement breached the parallel channel on the hourly chart. The channel breach was what I was looking to see on Monday as an indication of a trend change. The wave count remains the same. I am not going to...
by Lara | Oct 26, 2013 | Gold
Analysis for Thursday had three alternate hourly wave counts, and one was invalidated on Friday. Two wave counts remain, and I must favour the main wave count. I will use the invalidation / confirmation price point to differentiate the two wave counts next week. Click...
by Lara | Oct 18, 2013 | Gold |
At this stage my wave counts for Gold and Silver diverge strongly. At the daily chart level both gold and silver turn together, which means one of my wave counts would have to be wrong. But I am unable to see a wave count for Silver at the moment which requires more...
