by Lara | Mar 10, 2014 | Gold
Price moved lower as expected, but failed to reach the short term targets at 1,319 to 1,316. Downwards movement reached only to 1,328. Both wave counts are still valid but I favour the main wave count strongly. Summary: I expect that we may have just seen a trend...
by Lara | Mar 8, 2014 | Gold
Downwards movement has invalidated one of the three wave counts. The other two are still viable (with some adjustment). I now have a clear price point which will differentiate the two wave counts for next week, and I now judge one to have a higher probability than the...
by Lara | Mar 6, 2014 | Gold |
Upwards movement remains below the invalidation point for the first wave count. Both wave counts remain valid and both remain mostly the same. I do have a new third wave count for you today. Every technical analysis method has its periods of uncertainty. Elliott wave...
by Lara | Mar 4, 2014 | Gold |
Movement below 1,342.57 invalidated the main hourly wave count and confirmed the alternate. At that stage the short term target for downwards movement was 1,335. So far price has reached down to 1,331.43. The strong red candlestick on the daily chart must be taken...
by Lara | Feb 27, 2014 | Gold |
Yesterday’s analysis expected overall downwards movement. A small second wave correction on the main hourly chart was assumed to be incomplete, and price moved higher to complete this. Price thereafter turned lower to create a small red candlestick for the day....
by Lara | Feb 26, 2014 | Gold |
Movement below 1,331.31 has invalidated the main hourly wave count and confirmed the alternate hourly wave count. A clear channel breach reinforces the alternate wave count. I have a new alternate hourly wave count for you today. It would be invalidated with movement...
by Lara | Feb 25, 2014 | Gold
Again upwards movement was not expected, although it was allowed for and has not invalidated the wave count. I had expected a B wave to begin or be very close to beginning. It is not here yet. The wave count is changed. Summary: The structure within minor wave A most...
by Lara | Feb 24, 2014 | Gold
Upwards movement invalidated the hourly wave count. Although a new high within a B wave is possible this high is too soon within the B wave to fit the wave count. The wave count is changed. Summary: Minor wave A is just complete or very close to completion. The next...
by Lara | Feb 23, 2014 | Gold |
I had expected a red candlestick for Friday’s session. This is not what happened, but the small green doji fits the wave count and price remains below the invalidation point. The wave count remains the same. Summary: I still expect that there has been a trend...
