by Lara | Jun 30, 2015 | Gold |
It was expected to be most likely that downwards movement would continue, which is what has happened. Price moved lower to complete a red candlestick. Summary: The bull and bear wave counts now diverge strongly: the bear wave count now expects a strong third wave to...
by Lara | Jun 26, 2015 | Gold |
A small green candlestick fits both hourly Elliott wave counts perfectly. Summary: This correction is not done yet. Monday should see some upwards movement to at least a little above 1,178.78. Targets are either 1,181 or 1,186 – 1,188. When there is a complete...
by Lara | Jun 24, 2015 | Gold |
Both Elliott wave counts expected a little upwards movement, which may have been quick and brief, but price moved lower after a little sideways movement. Summary: A small correction is either underway or due very soon indeed. Today’s long lower wick on the red...
by Lara | Jun 22, 2015 | Gold |
Both Elliott wave counts expected downwards movement. Summary: Both bull and bear wave counts expect more downwards movement. The bull count should see downwards movement unfold as a three; the bear expects a five down. If the bear is right, then it may be confirmed...
by Lara | Jun 19, 2015 | Gold |
Downwards movement was expected for both bull and bear Elliott wave counts, in the short term, but price has moved mostly sideways to complete a small red candlestick. Summary: Both bull and bear wave counts still expect downwards movement from here. The bear wave...
by Lara | Jun 17, 2015 | Gold |
Upwards movement was not expected. Price has so far reached to just below a short term invalidation point. Summary: The bear wave count still requires more downwards movement to a minimum at 1,165.76. The bull count requires upwards movement to a minimum 1,195.71....
by Lara | Jun 15, 2015 | Gold |
Sideways movement in a larger range fits the bear Elliott wave count at the hourly chart level better than the bull. Summary: The bear wave count expects downwards movement to 1,165.76 minimum before another five wave structure up to a target at 1,205 (that target may...
by Lara | Jun 11, 2015 | Gold |
Downwards movement fits the bear Elliott wave count better than the bull, but it is not enough to provide price confirmation yet. Summary: The bull wave count expects the middle of a third wave up to show a strong increase in momentum. A short term target is at 1,209,...
by Lara | Jun 10, 2015 | Gold |
A new high above 1,191.71 invalidated two hourly Elliott wave counts confirming the prior downwards wave as complete. Summary: The bull wave count now expects a third wave up has begun, and the target is the same at 1,288. The bear wave count now expects a second wave...
