by Lara | Sep 21, 2014 | Gold |
Price made a new low and we have another red candlestick which was expected, although price has fallen $2.84 short of the upper edge of the target zone. Summary: It is most likely that minor wave 3 is over, but this is unconfirmed. Movement above 1,228.67 and above...
by Lara | Sep 18, 2014 | Gold |
Since last analysis price has moved sideways to complete a small green candlestick for Thursday’s session (I had expected a red candlestick). The Elliott wave count remains mostly the same and the target is now calculated at three wave degrees. Summary: The...
by Lara | Sep 17, 2014 | Gold |
Downwards movement continues as expected. The target has been passed. The Elliott wave count remains the same. Summary: The structure is incomplete. I expect more downwards movement. The new target for it to end is 1,210 to 1,206 and may be met in 24 to 36 hours....
by Lara | Sep 16, 2014 | Gold |
Another green candlestick was allowed for in the wave count, and upwards movement remains just below the 0.382 Fibonacci ratio on the main hourly Elliott wave chart. Summary: The target for this last wave down to end is now 1,222 to 1,218. I favour the upper edge of...
by Lara | Sep 11, 2014 | Gold |
Although the short term target was too high, the second hourly Elliott wave count was more correct. I have just the one daily Elliott wave count and now one hourly Elliott wave count for you today. Summary: Downwards movement is incomplete. The short term target is...
by Lara | Sep 4, 2014 | Gold |
A throwback up to the (B)-(D) trend line was expected from yesterday’s Elliott wave analysis, which is exactly what happened. Price came extremely close to the trend line before sharply turning back downwards. Summary: The first target for downwards movement to...
by Lara | Aug 30, 2014 | Gold |
Downwards movement fits the alternate wave count better, but is not enough for final clarity. Both Elliott wave counts remain valid and the mid term outlook for them is exactly the same. Summary: The main hourly wave count has decreased in probability and the...
by Lara | Aug 16, 2014 | Gold |
Yesterday’s main Elliott wave count expected to see some downwards movement to a short term target at 1,298.55 (although I had strongly suggested this target was too low) before price turned back upwards again. We did see downwards movement followed by a turn...
by Lara | Aug 14, 2014 | Gold |
Sideways movement continues. The main hourly Elliott wave count still looks more likely. Summary: It is most likely we shall see more sideways movement ending a little lower to about 1,298.55 before the upward trend resumes (although this target may be too low, we may...
