by Lara | Sep 17, 2015 | Gold |
Both Elliott wave counts remain valid today. Summary: Upwards movement favours the bull Elliott wave count, but it is not enough to invalidate the bear Elliott wave count. I am changing the bear wave count slightly to see this upwards movement as minuette wave (ii),...
by Lara | Sep 15, 2015 | Gold |
A small red candlestick on light volume indicates a correction unfolded during Tuesday’s session. Price still has not clarified the situation, and both bull and bear Elliott wave counts remain valid. Summary: The bear wave count expects downwards movement to...
by Lara | Sep 7, 2015 | Gold |
Overall downwards movement was expected mid term for both Elliott wave counts. The short term structure favours the idea presented on the hourly bear Elliott wave count. Summary: Both wave counts still expect overall downwards movement this week. Short term it is most...
by Lara | Aug 26, 2015 | Gold |
Movement below 1,119.23 has invalidated how the bull wave count was labelled for most recent movement and reduced the probability overall of that count. At this stage, I now have a bull and bear count which have about an even probability. Price should tell us which...
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 6, 2015 | Gold |
The Elliott wave count remains the same. A breakout is still expected to come very soon. Summary: The triangle is still completing, taking its time and testing our patience. I am still confident that when it is done the breakout will be downwards to move at least...
by Lara | Jul 29, 2015 | Gold |
Sideways movement again fits the preferred hourly Elliott wave count. We may now have some confidence about what should happen next. Summary: A fourth wave triangle has most likely ended. The classic technical analysis equivalent to a triangle is a pennant, which is a...
by Lara | Jul 20, 2015 | Gold |
Previous analysis warned of possible swift strong fifth wave extensions to end a third wave. Last analysis also stated that when price broke below the lower edge of the green channel on the daily chart, then an increase in downwards momentum was expected. That was...
by Lara | Jul 9, 2015 | Gold |
Yesterday’s hourly Elliott wave chart expected an impulse down to end and be followed by another second wave correction to find resistance at the upper edge of a channel. This is what happened, with the exception of a small fourth wave not moving higher first....