by Lara | Apr 20, 2016 | Gold |
Downwards movement was expected from the main Elliott wave count. Summary: A new low below 1,223.77 would provide strong confirmation for the main wave count as both alternates would then be invalidated. A new high above 1,262.47 would confirm the alternate hourly...
by Lara | Mar 30, 2016 | Gold |
Price made a slight new high and then turned lower. Upwards movement was expected. Summary: Two wave counts today both expect more upwards movement. In the short term, a third wave up may be beginning. It is reasonably likely that price will reach to 1,275.24. The...
by Lara | Mar 7, 2016 | Gold |
Sideways movement was expected. Price has moved sideways for an inside day. Summary: A correction is still unfolding and should continue sideways. The correction may include a new high above 1,279.45. It is most likely a fourth wave at minor degree and may end in a...
by Lara | Mar 3, 2016 | Gold |
One final wave down was expected to finish the correction, but this did not happen. A new high above 1,248.44 confirmed the correction was over and price was breaking out upwards. Summary: The target is at 1,280 in the first instance. Thereafter, if price keeps...
by Lara | Feb 8, 2016 | Gold |
A small correction unfolded more quickly than expected. This was followed by upwards movement. Summary: The trend is up. In the short term, price should find support at the orange trend line on the hourly chart. Expect further upwards movement while price remains...
by Lara | Jan 13, 2016 | Gold, Gold Historical |
Downwards movement has breached the invalidation point on the main Elliott wave count, but this was allowed for in the alternate. Overall, a correction against a trend was expected to be continuing. Summary: The main wave count is changed to see an ending diagonal...
by Lara | Jan 20, 2015 | Gold |
The main hourly wave count was invalidated with a new high, and at that stage the alternate wave count was confirmed. The target for upwards movement to end for the alternate was 1,297. That has now been met. Summary: Both the main and alternate daily wave counts...
by Lara | Dec 23, 2014 | Gold |
Sideways movement is completing a small red doji for Tuesday’s session. Downwards movement fell 8.83 short of the target. Summary: It is most likely a third wave up has just begun. First confirmation will come with a clear breach of the orange channel on the...
by Lara | Nov 19, 2014 | Gold |
A new low below 1,181.56 confirmed the alternate hourly Elliott wave count. At that stage downwards movement to 1,173 was expected. Price reached 2.18 short of this target before turning up. Summary: Over the next few days I would expect to see an increase in upwards...
