by Lara | Mar 10, 2015 | Gold |
Downwards movement continues, although yesterday’s hourly Elliott wave count expected some upwards movement first which did not happen. Summary: The trend remains down. Two more small fourth wave corrections should complete, and the current one may end about...
by Lara | Mar 6, 2015 | Gold |
Downwards movement and an increase in momentum were expected. Summary: The short term target for subminuette wave iii is 1,153. I expect another red candlestick for Monday. At this stage the trend is down. Click on charts to enlarge. Main Daily Wave Count This main...
by Lara | Mar 5, 2015 | Gold |
A slight new low below 1,198.39 invalidated the main hourly Elliott wave count and confirmed the alternate hourly Elliott wave count. At that stage a leading diagonal was complete, and I expected it to be followed by a deep second wave correction to find resistance at...
by Lara | Mar 3, 2015 | Gold |
A new low below 1,204.53 has confirmed the alternate hourly Elliott wave count. This is now the only hourly Elliott wave count. Summary: The middle of intermediate wave (3) has most likely begun. A breach of the green channel on the hourly chart would add confidence...
by Lara | Mar 2, 2015 | Gold |
Upwards movement was again expected. We have a new high. Downwards movement was not expected to be this deep though. I have a new Elliott wave count for you to consider today, and price should tell us very quickly if it is likely. Summary: This correction is too deep....
by Lara | Feb 26, 2015 | Gold |
A new high above 1,211.96 invalidated the main hourly Elliott wave count and confirmed the alternate. Summary: I expect choppy overlapping movement for about five more days (including Friday’s session) to either 1,235 or 1,263, favouring the lower target. Click...
by Lara | Feb 23, 2015 | Gold |
A new low below 1,201.61 invalidated the main hourly Elliott wave count and confirmed the alternate. At that stage more downwards movement was expected. Summary: A third wave down is unfolding. The target for it to end is 1,124. The alternate wave count is further...
by Lara | Feb 18, 2015 | Gold |
The main Elliott wave count expected a strong upwards day for Wednesday, but this is not what has happened. Summary: It is still more likely that the correction is incomplete, but this has decreased in probability today and should be discarded below 1,196.24. The...
by Lara | Feb 17, 2015 | Gold |
I had expected a downwards day for Tuesday which is what has happened. The depth of this downwards movement may be surprising, but it fits the wave count nicely. Summary: It is most likely the correction is incomplete. I expect upwards movement to 1,243 to complete a...
