by Lara | Jun 4, 2014 | Gold |
I had expected upwards movement to a short term target at 1,258 to 1,261. Price has moved sideways and the target is not met. I have a new alternate for you today. Summary: In the short term I expect more sideways movement for another one or two sessions. This...
by Lara | Jun 4, 2014 | Gold |
Sideways movement and a small green candlestick for Tuesday’s session fits yesterday’s alternate wave count nicely. This will now be my only wave count and I can calculate a target for you. The mid and long term pictures remain exactly the same. Summary:...
by Lara | Jun 2, 2014 | Gold |
Downwards movement was expected. Because an upwards correction has breached the base channel on the hourly chart, and because downwards momentum has not increased, I have an alternate hourly wave count for you today. Summary: The short term target for this week is...
by Lara | May 27, 2014 | Gold |
With markets closed in the US for Memorial Day Gold has had a very quiet day, completing a small B wave triangle. The wave count remains the same. Summary: I expect to see a break to the downside by the middle of this week. Movement below 1,283.43 would indicate a...
by Lara | May 24, 2014 | Gold |
Further sideways movement indicates a nine wave triangle is unfolding. It looks incomplete. The confirmation and invalidation points can now be moved closer together, reducing risk and increasing reward. Summary: A break below 1,283.43 would indicate Gold is breaking...
by Lara | May 21, 2014 | Gold |
More sluggish sideways movement to complete another small doji candlestick was not what was expected. I have a new alternate wave count for you today. Summary: By the end of this week I expect Gold to break below 1,273.43. The downwards trend should resume. This...
by Lara | May 15, 2014 | Gold |
Price has moved lower as expected. A clear breach of the channel on the hourly chart confirms a third wave down should have begun. Summary: A third wave down has most likely begun. The target for it to end is 1,247 and this may be reached in four more days, or more...
by Lara | May 14, 2014 | Gold |
Movement above 1,298.93 indicated the alternate wave count was correct and at that stage it expected more upwards movement. I had expected price to move lower and show an increase in downwards momentum for Wednesday’s session. This is not what happened. Summary:...
by Lara | May 14, 2014 | Gold |
Yesterday’s analysis expected to see some downwards movement, from both the main and alternate hourly wave counts. This is what has happened. With a further 24 hours price action to analyse I now have more confidence in the main hourly wave count. Summary: I...
