by Lara | Mar 4, 2015 | Gold |
A small red candlestick for an inside day is completing. Overall, this fits the Elliott wave count. Summary: The middle of intermediate wave (3) has most likely begun. A breach of the green channel on the hourly chart would add confidence to the wave count. I will...
by Lara | Feb 28, 2015 | Gold |
Upwards movement was expected, with Friday’s session completing a green candlestick which fits the Elliott wave count. I have a new main and alternate Elliott wave count for you to end the week, and I am more satisfied that the subdivisions and ratios are a...
by Lara | Feb 25, 2015 | Gold |
Downwards movement was expected, with a short term upwards correction to end just above 1,210.44 before the downwards trend resumes. Summary: The main wave count expects downwards momentum to begin to increase now, and the target remains at 1,124. A new low below...
by Lara | Feb 24, 2015 | Gold |
Downwards movement and an increase in momentum were expected. Price remains within the lower half of the channel on the hourly chart, but has not managed to make a new low. Summary: I still expect a third wave down is unfolding. The target for it to end is 1,124. The...
by Lara | Feb 20, 2015 | Gold |
Upwards movement was expected, but this is not what happened. We have a small red doji completing for Friday’s session. Summary: The main wave count still expects one more day of upwards movement for Monday to 1,243. I have a new alternate which sees a third...
by Lara | Feb 19, 2015 | Gold |
A new high above 1,211.78 confirmed the main hourly Elliott wave count and invalidated the alternate. Summary: I expect overall two more days of upwards movement to 1,243. When this fourth wave correction is done I expect to see a long strong fifth wave down. I am...
by Lara | Feb 16, 2015 | Gold |
The consolidation continues, but I had expected a short term drop within it. Summary: This correction is incomplete. I expect it to continue with sideways movement for another two days. In the short term I still expect a downwards day for a B wave within this fourth...
by Lara | Feb 10, 2015 | Gold |
The fourth wave correction drifted slightly higher and was followed by downwards movement, exactly as expected. Summary: Once the lower pink trend line is breached I expect downwards momentum to increase. The short term targets are either 1,228 – 1,224 or 1,199...
by Lara | Feb 9, 2015 | Gold |
A shallow fourth wave correction was expected, but I had expected it to be more brief than it is turning out to be. Summary: When this fourth wave correction is over a fifth wave down should unfold. The target for this next wave down is 1,224, but be aware sometimes...
