by Lara | Aug 17, 2015 | Gold |
Upwards movement was expected for Monday. Summary: Upwards movement may end tomorrow about 1,132. If it does not end there tomorrow, then the next expectation would be Wednesday to see a high at 1,142 – 1,144. Upwards movement may end at any stage as soon as a...
by Lara | Aug 13, 2015 | Gold |
The Elliott wave count as updated in yesterday’s analysis is unfolding mostly as expected. Summary: The structure for minute wave iv is still incomplete. Minute wave iv still needs one final fifth wave up to end it, and a target is now calculated at 1,134 which...
by Lara | Aug 11, 2015 | Gold |
Upwards movement to 1,118 – 1,123 was expected. This is what happened, but only after a whipsaw took out the invalidation points on the hourly chart necessitating an updated short term chart for the hourly structure. I have two wave counts for you today to...
by Lara | Aug 7, 2015 | Gold |
A breakout of this consolidation is expected to occur on Monday. Summary: The triangle is most likely complete. Subminuette wave v down should unfold next week to either 1,068 (more likely) or 1,036 – 1,038 (less likely). If the first target is correct, then it...
by Lara | Aug 6, 2015 | Gold |
The Elliott wave count remains the same. A breakout is still expected to come very soon. Summary: The triangle is still completing, taking its time and testing our patience. I am still confident that when it is done the breakout will be downwards to move at least...
by Lara | Aug 4, 2015 | Gold |
The alternate Elliott wave count proved to be correct in the last 24 hours. Summary: A fourth wave triangle should end about 1,099 within the next 24 hours, or maybe as soon as about 8 hours. Thereafter, a fifth wave down should unfold to reach at least slightly below...
by Lara | Jul 30, 2015 | Gold |
Yesterday’s Elliott wave analysis was confident for several technical analysis reasons that a downwards breakout should happen, and it did. Summary: Downwards movement should continue. The new target for it to end is at 1,038 – 1,035. Along the way down,...
by Lara | Jul 29, 2015 | Gold |
Sideways movement again fits the preferred hourly Elliott wave count. We may now have some confidence about what should happen next. Summary: A fourth wave triangle has most likely ended. The classic technical analysis equivalent to a triangle is a pennant, which is a...
by Lara | Jul 27, 2015 | Gold |
Price began the session with some upwards movement, which the last Elliott wave analysis expected, but price then moved lower to complete a red candlestick. Summary: A new high above 1,105.18 would indicate more upwards movement to a target at 1,121. A new low below...
