by Lara | Jan 14, 2014 | Gold
Last analysis expected one or two more days of upwards movement towards a target at 1,280. This is not what happened. Downwards movement has breached the parallel channel on the hourly chart, and invalidated the main wave count at the hourly chart level. The wave...
by Lara | Jan 13, 2014 | Gold |
Last analysis expected more upwards movement towards a short term target about 1,256 which was expected to be reached on Monday. Price has moved higher and has reached 1,254.58 during Monday’s session, just 1.42 short of the target. I am changing the degree of...
by Lara | Jan 9, 2014 | Gold |
Yesterday’s main wave count expected more downwards movement towards a short term target at 1,215.4 before a trend change. Price moved only slightly lower, reaching 1,218.60, before turning slowly upwards. Click on the charts below to enlarge. Gold is still...
by Lara | Jan 6, 2014 | Gold |
In last analysis both hourly wave counts expected more upwards movement which is what happened. However, upwards movement was followed by a sharp spike below 1,227.11. The targets were not reached. It is at this point the hourly wave counts diverge. Click on the...
by Lara | Jan 2, 2014 | Gold |
Last analysis expected a little more upwards movement before a second wave correction arrived. This is exactly what happened. The wave count remains the same. I have two hourly charts for you today. Click on the charts below to enlarge. Gold is still within a large...
by Lara | Dec 28, 2013 | Gold
Last analysis expected a fourth wave correction may have been complete. A trend channel was provided for confirmation. We did not get confirmation and price moved higher, remaining just below the invalidation point. The wave count is mostly the same. Click on the...
by Lara | Dec 26, 2013 | Gold
Last analysis expected a continuation of a fourth wave correction, with two hourly charts for two possible structures. The triangle was invalidated and this fourth wave subdivides nicely as a double zigzag, which may now be complete. Click on the charts below to...
by Lara | Dec 23, 2013 | Gold
Last analysis expected a little more upwards movement towards a short term target at 1,210 before price turned lower. This is not what happened. Last analysis stated that if Monday produced a red candlestick that the current fourth wave correction would be unlikely to...
by Lara | Dec 22, 2013 | Gold
The short term target for Friday was 1,180. Price fell short of the target reaching only 1,187.36. Downwards movement ended perfectly at the lower edge of the pink parallel channel on the daily and hourly chart. The wave count remains the same. Click on the charts...
