by Lara | Dec 2, 2015 | Gold |
Upwards movement was expected but did not happen. Downwards movement invalidated the hourly Elliott wave counts. Summary: Downwards movement is most likely a B wave within an expanded flat. The target for upwards movement from here is 1,086. First, a small channel on...
by Lara | Nov 20, 2015 | Gold |
Upwards movement was expected. Yesterday’s second hourly Elliott wave count looked at the possibility that upwards movement may be very choppy and overlapping. This is the correct Elliott wave count. Summary: The target for more upwards movement is at 1,101 to...
by Lara | Nov 11, 2015 | Gold |
Downwards movement to a slight new low still fits the Elliott wave count. Summary: On balance, I would expect one or maybe two more days of sideways movement. A green candlestick or doji for Thursday’s session is expected. There is a slim outside possibility...
by Lara | Oct 8, 2015 | Gold |
Downwards movement was expected for the bear Elliott wave count and this is what has happened. So far both Elliott wave counts remain valid. Summary: The short term target for a third wave for the bear is 1,106. This may be met next week. The short term target for the...
by Lara | Sep 30, 2015 | Gold |
Both Elliott wave counts expected a small consolidation to begin and to last for one to three days. This is not what happened. Price moved lower. Summary: Both Elliott wave counts still expect a consolidation to show up which should last one to three days. The...
by Lara | Sep 22, 2015 | Gold |
Downwards movement favours the bear wave count, but is not enough for confirmation. The bull wave count remains valid. Summary: Short term both wave counts expect a little more downwards movement to 1,116. Thereafter, both expect some upwards movement: the bear for a...
by Lara | Jun 1, 2015 | Gold |
Upwards movement was expected and is enough to provide full confirmation of the two main Elliott wave counts, which still do not diverge at this stage. Summary: Both bull and bear wave counts still expect upwards movement to continue for a few days. The bull wave...
by Lara | May 19, 2015 | Gold |
Yesterday’s Elliott wave analysis had three hourly wave counts for three different structures for this small fourth wave correction. The triangle was invalidated below 1,211.11 and the combination never produced a B wave which was 90% or more of its A wave. This...
by Lara | May 8, 2015 | Gold |
Both bull and bear Elliott wave counts remain valid. Price has not yet told us which one is correct. Summary: The bear wave count requires a very strong downwards move from here. A new low below 1,169.94 would provide some confidence that price is breaking out...