by Lara | Nov 17, 2014 | Gold |
Price has moved mostly sideways to complete a small red candlestick. The main and new alternate Elliott wave counts both remain valid. Summary: I still favour the main wave count, but it requires a new low below 1,146.98 before I will have confidence in the target at...
by Lara | Nov 17, 2014 | Gold |
I have taken some time to try and see an alternate Elliott wave count which would expect more upwards movement. If price does keep moving strongly higher, as many members seem to expect it will do, this is the wave count I would prefer. It would be confirmed with a...
by Lara | Nov 14, 2014 | Gold |
The main hourly wave count was correct. Price did not move as low as the target at 1,137, but it did reach the minimum at 1,148.96. Thereafter, strong upwards movement was expected for the first two hourly wave counts, although the target at 1,179 – 1,183 was...
by Lara | Nov 13, 2014 | Gold |
Downwards movement was expected and a red candlestick fits the Elliott wave count nicely. Summary: This consolidation phase may continue for another two days, possibly a little longer. Before it is over we should see a false breakout upwards to 1,179 – 1,183....
by Lara | Nov 12, 2014 | Gold |
I had expected one more green candlestick for Wednesday’s session to end about 1,179 – 1,182. This is not what happened. Downwards movement has clarified the structure for minor wave 2 a little further. Summary: This correction is still not over 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 7, 2014 | Gold |
Although the short term expectation of upwards movement first was not played out, overall a new low followed by upwards movement fits the Elliott wave count nicely. Summary: Minor wave 2 may be close to completion and could end in just one more day at about 1,185....
by Lara | Nov 6, 2014 | Gold |
A green candlestick was expected for Thursday which is exactly what we have. The Elliott wave count remains the same. Now there is more structure to analysis within this current wave I can give you a clearer picture of what to expect next. Summary: I expect a...
by Lara | Nov 5, 2014 | Gold
Movement below 1,161.26 invalidated the main Elliott wave count and confirmed the two alternates. Summary: I expect a green candlestick or a small doji for Thursday’s session as a second wave unfolds. Expect any surprises from here on to be to the downside as...
