by Lara | Mar 17, 2015 | Gold |
Downwards movement was expected for one to three days towards the target. Upwards movement is finding resistance about the upper edge of the channel, with a strong overshoot. Summary: With its structure so far incomplete and with the new low, I have more confidence...
by Lara | Feb 26, 2015 | Gold |
A new high above 1,211.96 invalidated the main hourly Elliott wave count and confirmed the alternate. Summary: I expect choppy overlapping movement for about five more days (including Friday’s session) to either 1,235 or 1,263, favouring the lower target. Click...
by Lara | Jan 19, 2015 | Gold |
It is entirely possible that we could see one final wave up. I have a new hourly alternate Elliott wave count for you. Note: I am unable to upload any video today. My internet connection is limited. I will ensure that the text below is thorough. I will have a better...
by Lara | Jan 9, 2015 | Gold |
In the short term upwards movement was expected from yesterday’s analysis on the hourly chart. The Elliott wave count remains exactly the same. Summary: Gold is within a consolidation phase which should continue for at least one more day, and most likely longer....
by Lara | Dec 31, 2014 | Gold |
The alternate Elliott wave count was confirmed with a new low below 1,190.96. The main Elliott wave count was invalidated, and will now be discarded. Summary: Downwards movement continues to find support at the pink ii-iv trend line. An upwards wave should begin from...
by Lara | Dec 22, 2014 | Gold |
As expected price broke out of the sideways range with a downwards thrust. The target can now be calculated. Summary: Downwards movement should be close to completion. The target is at 1,162. Thereafter, the next move for Gold should be a strong third wave up, which...
by Lara | Oct 22, 2014 | Gold |
Today the situation is remarkably unclear, even after about two weeks of confidence with this second Elliott wave correction. I have three scenarios for you today. Summary: It is most likely that this second wave correction is incomplete. If price breaks above...
by Lara | Oct 15, 2014 | Gold |
Upwards movement was expected to reach 1,243 – 1,245. Price fell 4.64 short of the target before turning downwards. Summary: Downwards movement should continue a little further to 1,222, although it may move lower than this. Click on charts to enlarge. Main Wave...
by Lara | Aug 30, 2014 | Gold |
Downwards movement fits the alternate wave count better, but is not enough for final clarity. Both Elliott wave counts remain valid and the mid term outlook for them is exactly the same. Summary: The main hourly wave count has decreased in probability and the...
