by Lara | Aug 20, 2015 | Gold |
Last analysis expected upwards movement to continue, which it has, but the target at 1,141 was inadequate. Price remains below the invalidation point. There still has been zero confirmation of an end to this upwards movement. The wave count is changed. Summary: At the...
by Lara | Aug 19, 2015 | Gold |
Upwards movement was expected. The first target was reached. Today’s Elliott wave analysis will focus on: identifying if this structure is complete, and looking at what price point would provide first confirmation. Summary: Upwards movement is most likely...
by Lara | Aug 18, 2015 | Gold |
Upwards movement was expected for Tuesday. Although price moved sideways to complete a small green doji, downwards movement during the session moved below the invalidation point on the hourly chart. Summary: To call an end to subminuette wave iv yesterday was probably...
by Lara | Aug 17, 2015 | Gold |
Upwards movement was expected for Monday. Summary: Upwards movement may end tomorrow about 1,132. If it does not end there tomorrow, then the next expectation would be Wednesday to see a high at 1,142 – 1,144. Upwards movement may end at any stage as soon as a...
by Lara | Aug 14, 2015 | Gold |
The Elliott wave count continues to unfold mostly as expected. A breakout has not yet been indicated. Summary: The structure for minute wave iv is still incomplete. Minute wave iv still needs one final fifth wave up to end it; to the upside the invalidation point is...
by Lara | Aug 13, 2015 | Gold |
The Elliott wave count as updated in yesterday’s analysis is unfolding mostly as expected. Summary: The structure for minute wave iv is still incomplete. Minute wave iv still needs one final fifth wave up to end it, and a target is now calculated at 1,134 which...
by Lara | Aug 12, 2015 | Gold |
The main wave count was invalidated with a new high above 1,119.56. The alternate was confirmed, which expected more upwards movement. Summary: The structure is still incomplete. The structure is still seen as a fourth wave correction, and expected to end about 1,131...
by Lara | Aug 11, 2015 | Gold |
Upwards movement to 1,118 – 1,123 was expected. This is what happened, but only after a whipsaw took out the invalidation points on the hourly chart necessitating an updated short term chart for the hourly structure. I have two wave counts for you today to...
by Lara | Aug 10, 2015 | Gold |
A downwards breakout was expected for Monday, but did not happen. Upwards movement invalidated the main Elliott wave count and confirmed the alternate Elliott wave count. Summary: The new wave count sees this correction as minute wave iv unfolding as a combination....
