by Lara | May 11, 2016 | Gold |
Upwards movement was expected for Wednesday’s session, which is exactly what happened. Summary: It is likely that a third wave upwards is in the very early stages. The target remains at 1,477. Risk remains at 1,237.97. The wave count is supported by volume...
by Lara | Apr 18, 2016 | Gold |
A little more upwards movement was expected to end about 1,248. Price reached up to only 1,241.55 before turning down. Summary: A new low now below 1,223.78 would provide confidence that downwards movement should continue. A new low below 1,209.08 would confirm the...
by Lara | Mar 28, 2016 | Gold |
The alternate Elliott wave count was invalidated. There is only one Elliott wave count. The situation is clearer. Summary: This correction may end in a few more hours about 1,224 – 1,226, or it may continue sideways for another two to three days. Price is...
by Lara | Mar 4, 2016 | Gold |
If price kept rising, two targets were given for Friday: 1,280 and 1,350. The first target was almost met. The high for Friday was 1,279.45. Summary: Minor wave 3 is very likely to be over at Friday’s high. Another correction should now begin for minor wave 4....
by Lara | Jan 2, 2015 | Gold |
Movement below 1,170.83 was not expected and the Elliott wave count was invalidated. The bigger picture and the mid term outlook remain the same. Summary: The fourth wave of the ending diagonal continued lower and is now even more likely to be complete. A final fifth...
by Lara | Dec 12, 2014 | Gold |
Downwards movement is finding support perfectly at the aqua blue trend line on the daily chart. The Elliott wave count remains valid and the same. Summary: I expect a short sharp upwards thrust on Monday to 1,247. If this target is wrong it may be too low. Click on...
by Lara | Nov 11, 2014 | Gold |
I had expected a little downwards movement, likely to 1,141.95. We did see a little downwards movement but it failed to reach 1,141.95 before turning up. This narrows down the structural options for minor wave 2. Summary: I expect one more green candlestick for...
by Lara | Nov 3, 2014 | Gold
Upwards movement was expected for Monday’s session. A red candlestick was not expected, but price has mostly moved sideways and remains above the invalidation point on the main Elliott wave hourly chart. Summary: It is still most likely that downwards movement...
by Lara | Oct 28, 2014 | Gold
Downwards movement continued, but fell short of the target at 1,217 by $5.58. Summary: Intermediate wave (2) is unfolding as a big flat correction. Overall I expect more downwards movement to 1,190.04 in the mid term. In the short term I expect to see very choppy...
