by Lara | Nov 26, 2014 | Gold |
More sideways movement fits the new main Elliott wave count very well, with some adjustment. The larger Elliott wave structure remains the same, and the target changes by $2. Summary: When sideways movement is complete I expect a short sharp upwards thrust to about...
by Lara | Nov 18, 2014 | Gold |
Upwards movement has clarified the situation. Yesterday’s alternate is now the main Elliott wave count, and I have to discard the other Elliott wave count because it no longer fits on the hourly chart and is invalid. Summary: I expect upwards movement most...
by Lara | Nov 10, 2014 | Gold |
I had expected a little more upwards movement to 1,185 before price turned down. This is not what happened. Downwards movement does fit the Elliott wave count nicely. Summary: Minor wave 2 is most likely incomplete. I expect downwards movement to at least 1,141.95 as...
by Lara | Nov 1, 2014 | Gold |
Downwards movement continued as expected, but reached well below the target which was at 1,182. A red candlestick was expected for Friday. Summary: It is now likely that downwards movement is complete for now. The target for the next wave up is at 1,278 – 1,281....
by Lara | Sep 29, 2014 | Gold |
Last Elliott wave analysis expected the new week to begin with a continuation of the current correction. Gold remains in a consolidation phase, as expected. Summary: This correction is incomplete and now looks most likely that a triangle is unfolding so we shall see...
by Lara | Sep 21, 2014 | Gold |
Price made a new low and we have another red candlestick which was expected, although price has fallen $2.84 short of the upper edge of the target zone. Summary: It is most likely that minor wave 3 is over, but this is unconfirmed. Movement above 1,228.67 and above...
by Lara | Jul 31, 2014 | Gold |
Movement below 1,291.83 confirmed the alternate wave count and invalidated the main Elliott wave count. By a simple process of elimination I now have just one wave count for you today. Summary: The target for this downwards movement to end is 1,275 to 1,271. It should...
by Lara | Jul 26, 2014 | Gold
Upwards movement was expected for Friday. Although the target is close by and the structure is incomplete, I am changing the wave count. Summary: Monday should see more upwards movement to a target at 1,340. Movement above 1,324.73 will confirm the main wave count and...
by Lara | Jun 26, 2014 | Gold
Movement below 1,315.48 invalidated yesterday’s alternate Elliott wave count and confirmed the main wave count. I have more confidence today that a B wave has begun. So far it looks like it may be very shallow and it may also be brief. I have two wave counts for...
