by Lara | Jun 23, 2014 | Gold |
Upwards movement was expected for Monday. Price is moving sideways in a narrow range completing a fourth wave triangle. I am adjusting the Elliott wave count to better fit with momentum, but it makes no difference to the target or direction expected. Summary: Minor...
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 12, 2014 | Gold |
End of week analysis expected to see one or two days overall of downwards movement towards a target at 1,267. Price did begin the new trading week with downwards movement, but only reaching to 1,277.57 in the first hour. Thereafter, upwards movement has breached the...
by Lara | Feb 11, 2014 | Gold |
A third wave up was expected and this is what happened. The wave count remains the same. Summary: Overall upwards movement should continue with corrections along the way. The target at 1,297 may be met within 24 hours after a small downwards correction. The target at...
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...
by Lara | Nov 11, 2013 | Gold
End of week analysis expected the new week to begin with sideways and a little upwards movement towards 1,293.62, before one more wave downwards. Price has moved sideways and slightly lower. This fourth wave correction may be completing a triangle or a flat, and the...
by Lara | Oct 22, 2013 | Gold |
Yesterday’s gold analysis expected the main wave count to be invalidated and the alternate confirmed, which is what happened with movement above 1,330.09. The situation is clearer. I have just the one wave count now for you. Click on the charts below to enlarge....
by Lara | Oct 11, 2013 | Gold |
Yesterday’s analysis expected more downwards movement which is what we have seen. Price has moved below the first short term target which was at 1,276 to 1,274. Movement below 1,277.97 has invalidated the first alternate wave count. There is now just the main...
by Lara | Sep 16, 2013 | Gold
Last analysis expected a little upwards movement to a short term target at 1,338 before price turned and continued the new downwards trend. Price did move higher, falling 2.86 short of the target, before turning around to make a slightly new low. Click on the charts...
