by Lara | Aug 26, 2014 | Gold |
I have an increased confidence in the main Elliott wave count today with a breach of the orange channel on the hourly chart. Summary: In the short term I expect the next wave up may be about $26.81 in length, which should see a further increase in upwards momentum. A...
by Lara | Aug 25, 2014 | Gold
The (B)-(D) trend line of the primary wave 4 triangle continues to provide strong support. The main Elliott wave count still has a higher probability. Summary: The breakout is most likely to be upwards when price breaks out of this sideways move it has been in for two...
by Lara | Aug 23, 2014 | Gold |
Upwards movement was expected for both the main and alternate Elliott wave counts of last analysis. I am adjusting my analysis of most recent movement, and this makes a difference to the confirmation/invalidation point and expectation of when we may have clarity....
by Lara | Aug 21, 2014 | Gold |
I have two Elliott wave counts for you today. I would judge the main wave count to have a 60% probability, and the alternate to have a 40% probability. We should have some clarity within two or three days, at the most. Movement below 1,280.35 has increased the...
by Lara | Aug 20, 2014 | Gold |
A slight breach of the invalidation point on the hourly chart changes the picture considerably. I have considered multiple possibilities and present the Elliott wave count with the best fit and best overall look, which agrees with current momentum. Summary: I expect...
by Lara | Aug 20, 2014 | Gold |
Price has moved slightly lower, remaining above the invalidation point which is very close by. I have just the one hourly Elliott wave count for you today. The alternate Elliott wave counts still have a lower probability. Summary: The short/mid term target for upwards...
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 | Aug 13, 2014 | Gold |
Sideways movement has continued. The alternate hourly Elliott wave count was confirmed when the main hourly wave count was invalidated with a slight new low below 1,305.78. The alternate expected only more sideways movement. The bigger picture remains exactly the...
by Lara | Aug 12, 2014 | Gold |
Yesterday’s Elliott wave analysis expected sideways movement to end within a few hours and be followed by a resumption of the upwards trend. This is exactly what happened. And upwards movement has created a green doji for Tuesday’s session. Summary:...
