by Lara | Jul 20, 2015 | Gold |
Previous analysis warned of possible swift strong fifth wave extensions to end a third wave. Last analysis also stated that when price broke below the lower edge of the green channel on the daily chart, then an increase in downwards momentum was expected. That was...
by Lara | Jul 9, 2015 | Gold |
Yesterday’s hourly Elliott wave chart expected an impulse down to end and be followed by another second wave correction to find resistance at the upper edge of a channel. This is what happened, with the exception of a small fourth wave not moving higher first....
by Lara | Jun 30, 2015 | Gold |
It was expected to be most likely that downwards movement would continue, which is what has happened. Price moved lower to complete a red candlestick. Summary: The bull and bear wave counts now diverge strongly: the bear wave count now expects a strong third wave to...
by Lara | Jun 19, 2015 | Gold |
Downwards movement was expected for both bull and bear Elliott wave counts, in the short term, but price has moved mostly sideways to complete a small red candlestick. Summary: Both bull and bear wave counts still expect downwards movement from here. The bear wave...
by Lara | Jun 10, 2015 | Gold |
A new high above 1,191.71 invalidated two hourly Elliott wave counts confirming the prior downwards wave as complete. Summary: The bull wave count now expects a third wave up has begun, and the target is the same at 1,288. The bear wave count now expects a second wave...
by Lara | May 14, 2015 | Gold |
More upwards movement was allowed for as part of a fourth wave correction, but it’s more than expected. The third wave moved higher. Summary: I have the same two wave counts. The bull wave count now has two hourly options: minute wave iii may be complete as a...
by Lara | Apr 21, 2015 | Gold |
More sideways movement with a small inside day fits all four Elliott wave counts at this stage. Summary: Gold remains in a sideways consolidation phase which began on March 27th. Since price entered the consolidation phase the strongest volume is on down days,...
by Lara | Apr 10, 2015 | Gold |
The main Elliott wave count expected downwards movement. This is not what happened. The small channel was breached on the alternate hourly Elliott wave count, which was the first indicator it was more likely. Summary: The main hourly wave count is discarded in favour...
by Lara | Mar 31, 2015 | Gold |
Downwards movement for the short term was expected to 1,177. Price moved lower to reach 1,178.59. Summary: The short term outlook is unclear. Only a new high above 1,219.99 would confirm minor wave 2 as over and minor wave 3 as underway. If minor wave 2 continues...
