by Lara | Dec 2, 2014 | Gold |
I had expected a little more upwards movement to complete a first wave, and thereafter a second wave to begin downwards. The first wave was actually complete at last analysis, and this red candlestick on the daily chart is the second wave which follows it. Summary: A...
by Lara | Dec 1, 2014 | Gold |
At end of week analysis the main Elliott wave count expected a little downwards movement to a target at 1,162 – 1,159, before a third wave up began. Price moved lower, reaching 16.12 below the target but remaining above the invalidation point at 1,131.09....
by Lara | Nov 28, 2014 | Gold |
Both hourly Elliott wave counts were invalidated by downwards movement. The Elliott wave count at the daily chart level remains almost the same. And I have confidence in my labelling of intermediate wave (1) as over and intermediate wave (2) as incomplete. Summary:...
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 25, 2014 | Gold |
Another small green candlestick overall fits the Elliott wave count. The alternate hourly wave count (with a small adjustment) is now much more likely, and so today I am swapping over the main and alternate hourly wave counts. Summary: The short term target is 1,218....
by Lara | Nov 24, 2014 | Gold |
Upwards movement was expected, along with a strong increase in upwards momentum. This is not what happened. Price is moving sideways to complete a small red candlestick for Monday’s session. Summary: The main wave count expects an imminent increase in upwards...
by Lara | Nov 22, 2014 | Gold |
Another green candlestick and a new high fits expectations nicely. Summary: I expect to see a strong increase in upwards momentum Monday / Tuesday. The short term target is the same at 1,251. Click on charts to enlarge Primary wave 4 is complete and primary wave 5 is...
by Lara | Nov 20, 2014 | Gold |
A small green candlestick fits the Elliott wave count. Downwards movement is finding support about the lower edge of the green base channel on the hourly chart. Summary: Momentum may not show a strong increase for another day or so. The trend remains up, and the short...
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...
