by Lara | Feb 4, 2015 | Gold |
Just one quick Elliott wave hourly chart to update most recent movement. Minuette wave (ii) is moving a little higher, and it is not quite complete. At 1,275 micro wave C within the second zigzag of this double would reach equality in length with micro wave A. This...
by Lara | Dec 24, 2014 | Gold |
Christmas Eve was quiet, as expected, with a small red candlestick. Price remains above the invalidation point on the main hourly Elliott wave chart, which has increased in probability. Summary: It is most likely a third wave up has just begun. First confirmation will...
by Lara | Nov 28, 2014 | Gold |
Both hourly Elliott wave counts were invalidated by downwards movement. The Elliott wave count at the daily chart level remains almost the same. And I have confidence in my labelling of intermediate wave (1) as over and intermediate wave (2) as incomplete. Summary:...
by Lara | Oct 25, 2014 | Gold
A red candlestick for Friday’s session fits the Elliott wave count, but more downwards movement was expected. Summary: Intermediate wave (2) is unfolding as a big flat correction. I expect more downwards movement for a few days to at least 1,190.04. It is...
by Lara | Oct 16, 2014 | Gold
The short term target for a little downwards movement was at 1,232. Price moved mostly sideways, and slightly lower, falling 3.46 short of the target and taking longer to do so than expected. Summary: Upwards movement is incomplete. At this stage I expect it is quite...
by Lara | Sep 16, 2014 | Gold |
Another green candlestick was allowed for in the wave count, and upwards movement remains just below the 0.382 Fibonacci ratio on the main hourly Elliott wave chart. Summary: The target for this last wave down to end is now 1,222 to 1,218. I favour the upper edge of...
by Lara | Sep 4, 2014 | Gold |
A throwback up to the (B)-(D) trend line was expected from yesterday’s Elliott wave analysis, which is exactly what happened. Price came extremely close to the trend line before sharply turning back downwards. Summary: The first target for downwards movement to...
by Lara | Jun 2, 2014 | Gold |
Downwards movement was expected. Because an upwards correction has breached the base channel on the hourly chart, and because downwards momentum has not increased, I have an alternate hourly wave count for you today. Summary: The short term target for this week is...
by Lara | May 21, 2014 | Gold |
More sluggish sideways movement to complete another small doji candlestick was not what was expected. I have a new alternate wave count for you today. Summary: By the end of this week I expect Gold to break below 1,273.43. The downwards trend should resume. This...
