by Lara | Jan 20, 2015 | Gold |
The main hourly wave count was invalidated with a new high, and at that stage the alternate wave count was confirmed. The target for upwards movement to end for the alternate was 1,297. That has now been met. Summary: Both the main and alternate daily wave counts...
by Lara | Jan 16, 2015 | Gold |
The fourth wave was expected to show on the daily chart, but it does not. Upwards movement now touches the large maroon channel on the weekly chart. Summary: I am expecting a trend change either now or very soon. First confirmation would come with a new low below...
by Lara | Jan 13, 2015 | Gold |
The alternate Elliott hourly wave count from yesterday’s update was confirmed with a new high above 1,241.61. Summary: The trend is up. I expect it to end above 1,262.94. Use the trend channel on the hourly chart to indicate when a larger correction has arrived,...
by Lara | Jan 13, 2015 | Gold |
With the market moving higher than expected, I have updated hourly charts for you. We can use the confirmation / invalidation points to show which wave count is correct. Click on charts to enlarge. Main Hourly Wave Count Subminuette wave b is now a 199% correction of...
by Lara | Jan 2, 2015 | Gold |
Movement below 1,170.83 was not expected and the Elliott wave count was invalidated. The bigger picture and the mid term outlook remain the same. Summary: The fourth wave of the ending diagonal continued lower and is now even more likely to be complete. A final fifth...
by Lara | Dec 30, 2014 | Gold, Gold Historical |
Upwards movement was expected. Summary: Upwards movement should continue overall to end at least slightly above 1,255.40, but the maroon channel from the weekly chart should not be breached. Upwards movement may end at the end of next week. Click on charts to enlarge...
by Lara | Dec 29, 2014 | Gold |
Downwards movement was not expected and has invalidated the hourly Elliott wave count. The Elliott wave count is changed slightly, but the mid term picture and target remains the same. Summary: The short term target is at 1,250. I expect to see an increase in upwards...
by Lara | Dec 26, 2014 | Gold |
Upwards movement was expected. The main Elliott wave count is confirmed, and the alternate Elliott wave count which was judged to have a very low probability was invalidated. Summary: A third wave up is confirmed. The target for it to end is at 1,278. Click on charts...
by Lara | Dec 23, 2014 | Gold |
Sideways movement is completing a small red doji for Tuesday’s session. Downwards movement fell 8.83 short of the target. Summary: It is most likely a third wave up has just begun. First confirmation will come with a clear breach of the orange channel on the...
