by Lara | May 29, 2015 | Gold |
Upwards movement was expected. The main Elliott wave counts remain the same, and a new bearish alternate will be added to daily analysis. Summary: Both bull and bear wave counts still expect upwards movement for a few days. The bull wave count has a minimum...
by Lara | May 7, 2015 | Gold |
Lower highs and lower lows and volume continue to favour the bear Elliott wave count. Summary: In the very short term one final small fifth wave down to 1,177 would complete an impulse for both wave counts at the hourly chart level. Thereafter, they again diverge. The...
by Lara | Apr 28, 2015 | Gold |
Upwards movement continued which fits the bullish alternate Elliott wave count. A new high above 1,210.88 indicated a third wave up may be underway. Summary: Gold is still within the sideways consolidation range it has been in since 27th March. The situation is still...
by Lara | Mar 18, 2015 | Gold |
Another one to three days of downwards movement to 1,136 or 1,123 was expected before a second wave correction began. This is not what happened. The hourly Elliott wave count was invalidated with a new high above 1,160. Summary: Minute wave i is over and minute wave...
by Lara | Feb 23, 2015 | Gold |
A new low below 1,201.61 invalidated the main hourly Elliott wave count and confirmed the alternate. At that stage more downwards movement was expected. Summary: A third wave down is unfolding. The target for it to end is 1,124. The alternate wave count is further...
by Lara | Feb 17, 2015 | Gold |
I had expected a downwards day for Tuesday which is what has happened. The depth of this downwards movement may be surprising, but it fits the wave count nicely. Summary: It is most likely the correction is incomplete. I expect upwards movement to 1,243 to complete a...
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...
