by Lara | Feb 9, 2015 | Gold |
A shallow fourth wave correction was expected, but I had expected it to be more brief than it is turning out to be. Summary: When this fourth wave correction is over a fifth wave down should unfold. The target for this next wave down is 1,224, but be aware sometimes...
by Lara | Feb 6, 2015 | Gold |
The middle of a third wave down has just passed, exactly as expected. Summary: The middle of a third wave has just passed. The target for it to end is still at 1,224 which may be met on Monday. Be aware Gold sometimes exhibits strong fifth waves and if this target is...
by Lara | Feb 5, 2015 | Gold |
More upwards movement was allowed for and has remained below the invalidation point and trend line on the Elliott wave hourly chart. Summary: I expect a third wave down is underway. The short term target for the end of the middle of the third wave is at 1,224 and this...
by Lara | Feb 3, 2015 | Gold |
Price made a slight new high but failed by a considerable margin to reach the target, which was at 1,299. The trend channel on the Elliott wave hourly chart indicated a trend change, and a third wave down. Summary: A third wave has most likely begun. In the short term...
by Lara | Feb 2, 2015 | Gold |
Upwards movement hit the first target zone of 1,281 – 1,287, but structure indicates the correction is not over there. Summary: In the short term I expect one more upwards zigzag to a target at 1,299. This may give one more green candlestick or doji to show this...
by Lara | Jan 30, 2015 | Gold |
Downwards movement did not continue as expected. A new high above 1,272.34 invalidated the Elliott wave count at the hourly chart level. Summary: In the short term I expect upwards movement to end about 1,281 – 1,287. This upwards movement is a deep second wave...
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 | Jan 22, 2015 | Gold |
A trend change was expected, but price has made a slight new high. At the daily chart the two wave counts are still the same, but I am changing the labelling of this last upwards movement on the hourly chart to fit better with momentum. I have a new daily alternate...
by Lara | Jan 21, 2015 | Gold |
Both Elliott wave counts expected a trend change, but upwards movement has continued. This changes the probability of these two Elliott wave counts. Summary: Both the main and alternate daily wave counts still expect downwards movement from here, and both expect a...
