by Lara | Feb 11, 2015 | Gold |
Downwards movement was expected. Summary: The short term target is 1,198 – 1,193, and should be met within the next 24 hours. While this fifth wave is underway corrections should find resistance at the lower edge of the pink base channel, and at the upper edge...
by Lara | Feb 4, 2015 | Gold |
Just one quick Elliott wave hourly chart to update most recent movement. Minuette wave (ii) is moving a little higher, and it is not quite complete. At 1,275 micro wave C within the second zigzag of this double would reach equality in length with micro wave A. This...
by Lara | Feb 4, 2015 | Gold |
More upwards movement was allowed for and has remained below the invalidation point and trend line on the Elliott wave hourly chart. Summary: I am expecting the middle of a third wave has most likely just begun. The target for it to end is at 1,223. The targets for...
by Lara | Dec 24, 2014 | Gold |
Christmas Eve was quiet, as expected, with a small red candlestick. Price remains above the invalidation point on the main hourly Elliott wave chart, which has increased in probability. Summary: It is most likely a third wave up has just begun. First confirmation will...
by Lara | Nov 28, 2014 | Gold |
Both hourly Elliott wave counts were invalidated by downwards movement. The Elliott wave count at the daily chart level remains almost the same. And I have confidence in my labelling of intermediate wave (1) as over and intermediate wave (2) as incomplete. Summary:...
by Lara | Oct 25, 2014 | Gold
A red candlestick for Friday’s session fits the Elliott wave count, but more downwards movement was expected. Summary: Intermediate wave (2) is unfolding as a big flat correction. I expect more downwards movement for a few days to at least 1,190.04. It is...
by Lara | Oct 16, 2014 | Gold
The short term target for a little downwards movement was at 1,232. Price moved mostly sideways, and slightly lower, falling 3.46 short of the target and taking longer to do so than expected. Summary: Upwards movement is incomplete. At this stage I expect it is quite...
by Lara | Sep 16, 2014 | Gold |
Another green candlestick was allowed for in the wave count, and upwards movement remains just below the 0.382 Fibonacci ratio on the main hourly Elliott wave chart. Summary: The target for this last wave down to end is now 1,222 to 1,218. I favour the upper edge of...
by Lara | Sep 4, 2014 | Gold |
A throwback up to the (B)-(D) trend line was expected from yesterday’s Elliott wave analysis, which is exactly what happened. Price came extremely close to the trend line before sharply turning back downwards. Summary: The first target for downwards movement to...
