by Lara | Jun 10, 2015 | Gold |
A new high above 1,191.71 invalidated two hourly Elliott wave counts confirming the prior downwards wave as complete. Summary: The bull wave count now expects a third wave up has begun, and the target is the same at 1,288. The bear wave count now expects a second wave...
by Lara | May 14, 2015 | Gold |
More upwards movement was allowed for as part of a fourth wave correction, but it’s more than expected. The third wave moved higher. Summary: I have the same two wave counts. The bull wave count now has two hourly options: minute wave iii may be complete as a...
by Lara | Apr 21, 2015 | Gold |
More sideways movement with a small inside day fits all four Elliott wave counts at this stage. Summary: Gold remains in a sideways consolidation phase which began on March 27th. Since price entered the consolidation phase the strongest volume is on down days,...
by Lara | Apr 10, 2015 | Gold |
The main Elliott wave count expected downwards movement. This is not what happened. The small channel was breached on the alternate hourly Elliott wave count, which was the first indicator it was more likely. Summary: The main hourly wave count is discarded in favour...
by Lara | Mar 31, 2015 | Gold |
Downwards movement for the short term was expected to 1,177. Price moved lower to reach 1,178.59. Summary: The short term outlook is unclear. Only a new high above 1,219.99 would confirm minor wave 2 as over and minor wave 3 as underway. If minor wave 2 continues...
by Lara | Mar 26, 2015 | Gold |
Upwards movement was expected, but the target at 1,204 was comfortably exceeded by 15.99. Summary: I expect a short term correction for the main wave count; minor wave 2 may have begun and the target is at 1,172. This trend change is unconfirmed though, so the channel...
by Lara | Mar 13, 2015 | Gold |
I expected another red candlestick for Friday’s session. So far there is a small green candlestick, which may end as a green doji or it may end red. The main hourly Elliott wave count was confirmed, and minuette wave (iv) is an almost complete triangle. Summary:...
by Lara | Feb 25, 2015 | Gold |
Downwards movement was expected, with a short term upwards correction to end just above 1,210.44 before the downwards trend resumes. Summary: The main wave count expects downwards momentum to begin to increase now, and the target remains at 1,124. A new low below...
by Lara | Feb 19, 2015 | Gold |
A new high above 1,211.78 confirmed the main hourly Elliott wave count and invalidated the alternate. Summary: I expect overall two more days of upwards movement to 1,243. When this fourth wave correction is done I expect to see a long strong fifth wave down. I am...