by Lara | Mar 28, 2015 | Gold |
Downwards movement was expected. Friday closed with a small red candlestick fitting both Elliott wave counts nicely. Summary: Downwards movement should continue next week. The lower volume for Friday supports the main wave count which expects a correction to 1,172...
by Lara | Mar 4, 2015 | Gold |
A small red candlestick for an inside day is completing. Overall, this fits the Elliott wave count. Summary: The middle of intermediate wave (3) has most likely begun. A breach of the green channel on the hourly chart would add confidence to the wave count. I will...
by Lara | Jan 27, 2015 | Gold |
The situation is still unclear. Price needs to break out of this sideways / downwards movement to provide clarity. This should happen within the next 24 hours. Summary: A new high above 1,308.10 would confirm the main wave count and invalidate both alternates. This...
by Lara | Oct 15, 2014 | Gold
The target for a little downwards movement was 1,222. Price reached 1,221.95 and then turned, as expected from the preferred hourly Elliott wave count. Summary: Upwards movement is incomplete. At this stage I expect it is quite likely to end about 1,281, in about one...
by Lara | Oct 7, 2014 | Gold
Upwards movement was expected for the main Elliott wave count, which is judged to be about 55-60% likely. The alternate Elliott wave count remains valid, but has slightly reduced in probability today. Summary: Intermediate wave (2) has most likely begun and a new high...
by Lara | Sep 15, 2014 | Gold
Again, downwards movement continued. With Monday’s session closing on a green candlestick, the wave count is slightly changed. Summary: The third wave is over and the following fourth wave correction has arrived. The target at 1,221 was not met so this fourth...
by Lara | Sep 2, 2014 | Gold, Gold Historical
Movement below 1,273.03 has invalidated the main Elliott wave count and confirmed the alternate. The situation is now clear. Elliott wave analysis will now focus on targets for this new trend. Summary: The long term target is 956.97 which may be met in another 18...
by Lara | Aug 18, 2014 | Gold |
End of week Elliott wave analysis expected Monday to begin with downwards movement to a short term target at 1,289 before the upwards trend resumed. Price has moved lower, but did only to 1,295.69 so far. I have the same two Elliott wave counts for you today. Summary:...
by Lara | Jul 28, 2014 | Gold |
Upwards movement was expected for Monday. A new high was made and thereafter price has moved sideways. The Elliott wave structure is incomplete. I am changing the alternate wave count today. Both wave counts expect the same direction next. Summary: I am confident that...
