by Lara | Aug 14, 2015 | Gold |
The Elliott wave count continues to unfold mostly as expected. A breakout has not yet been indicated. Summary: The structure for minute wave iv is still incomplete. Minute wave iv still needs one final fifth wave up to end it; to the upside the invalidation point is...
by Lara | Aug 12, 2015 | Gold |
The main wave count was invalidated with a new high above 1,119.56. The alternate was confirmed, which expected more upwards movement. Summary: The structure is still incomplete. The structure is still seen as a fourth wave correction, and expected to end about 1,131...
by Lara | Aug 10, 2015 | Gold |
A downwards breakout was expected for Monday, but did not happen. Upwards movement invalidated the main Elliott wave count and confirmed the alternate Elliott wave count. Summary: The new wave count sees this correction as minute wave iv unfolding as a combination....
by Lara | Aug 5, 2015 | Gold |
Yesterday’s Elliott wave analysis expected the current structure to be over more quickly, but it is taking its time. Summary: The triangle is still completing, taking its time and testing our patience. I am still confident that when it is done the breakout will...
by Lara | Aug 3, 2015 | Gold |
The main Elliott wave count expected downwards movement, which is what has happened for Monday. Summary: The triangle is either over and a fifth wave down is unfolding (main wave count) or the triangle will continue sideways for another couple of days (new alternate...
by Lara | Jul 31, 2015 | Gold |
Upwards movement was unexpected. I have two hourly Elliott wave counts for you today. Summary: It is most likely a triangle has just ended a fourth wave correction. This should be followed by a fifth wave down which is highly likely to make at least a slight new low...
by Lara | Jul 28, 2015 | Gold |
Sideways movement in a small range fits the Elliott wave count very nicely. Summary: A sideways consolidation is very mature; the breakout is now very close and most likely to be downwards. A new low below 1,086.57 would confirm a downwards breakout is underway, the...
by Lara | Jul 24, 2015 | Gold |
Price began the session with downwards movement, which was expected, but the upwards move to end the session is much deeper than expected. Summary: Monday may begin with a little upwards movement to at least slightly above 1,119.23, to a target at 1,121. Use the...
by Lara | Jul 22, 2015 | Gold |
Price has moved lower exactly as expected. Summary: The target for the next third wave to end, which may be met tomorrow, remains at 1,060. The following fourth wave may show on the daily chart, but it may not. The target for minute wave iii to end remains at 1,023...
