by Lara | Sep 10, 2014 | Gold |
Another downwards day and another red candlestick was expected. The short term target was not met with price $2.73 short of the target. The Elliott wave count remains the same. Summary: We may see a small fourth wave correction begin here to last a day or two, or...
by Lara | Sep 9, 2014 | Gold
Price has moved lower which was expected, but the short term target was not met. The wave count remains mostly the same; targets remain the same. Summary: The short term target at 1,241 should be met within 24 hours now. Thereafter, a small upwards correction may last...
by Lara | Sep 8, 2014 | Gold |
Downwards movement continues as expected. Upwards corrections are finding resistance at the upper edge of the small green channel on the hourly chart, as expected. The Elliott wave count remains the same. Summary: The short term target at 1,241 may be met within 24...
by Lara | Sep 6, 2014 | Gold |
A green candlestick on the daily Elliott wave chart indicates this last fifth wave will be extended, and will take its time. The targets remain the same. Upwards movement remains below the invalidation point and ended at the upper edge of the channel, as expected it...
by Lara | Sep 3, 2014 | Gold |
Analysis is a little earlier than usual today. Price remains below the black (B)-(D) trend line on the daily chart. I expect Wednesday’s session will close below this line providing full confirmation of this wave count. Summary: Despite a green candlestick for...
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 | Sep 1, 2014 | Gold |
While the US stock market was closed a very small red doji for Monday has not clarified the situation, but this sideways movement does fit the alternate hourly Elliott wave count better than the main hourly wave count. Summary: The alternate hourly wave count has...
by Lara | Aug 28, 2014 | Gold
Upwards movement was expected. Both Elliott wave counts remain valid. The depth of this current downwards correction may provide some clarity. Summary: It is still most likely that an extending third wave is beginning, I expect more upwards movement with an increase...
by Lara | Aug 27, 2014 | Gold
Another green candlestick was expected, but we are not seeing an increase in upwards momentum. I have a new alternate hourly Elliott wave count for you to consider today. Summary: The direction of the next wave should be up. If it shows an increase in momentum then...
