by Lara | Aug 13, 2014 | Gold |
Sideways movement has continued. The alternate hourly Elliott wave count was confirmed when the main hourly wave count was invalidated with a slight new low below 1,305.78. The alternate expected only more sideways movement. The bigger picture remains exactly the...
by Lara | May 27, 2014 | Gold
Finally we have the breakout we were expecting, and as expected it is to the downside. Movement below the lower triangle trend line and below 1,283.43 has confirmed this. Summary: The short term target is 1,256 for the first five down to end. Once this is complete I...
by Lara | Apr 30, 2014 | Gold
More sideways movement was expected, which is what has happened. However, a new low slightly below the invalidation point on the main hourly wave count was not expected. Summary: It is most likely that Gold will remain range bound for another one or two days, with...
by Lara | Apr 14, 2014 | Gold |
Last analysis had three hourly wave counts. The main wave count expected a little more upwards movement. The alternate wave count was invalidated. Summary: While price remains within the channel on the hourly chart we must expect the short term trend remains up. I am...
by Lara | Mar 28, 2014 | Gold, Gold Historical |
Price has moved lower as expected for Friday, but the targets have not been met. At this stage the alternate hourly wave count diverges from the main wave count. Summary: The trend remains down. We may not see the increase in momentum I was expecting. This downwards...
by Lara | Mar 13, 2014 | Gold |
The short term target at 1,381 has not yet been met, but price has moved higher as expected. Summary: The trend is up. The target for it to end is now calculated at two degrees and so widens to a small zone at 1,387 to 1,390. This target may be met in two days. This...
by Lara | Feb 27, 2014 | Gold |
Yesterday’s analysis expected overall downwards movement. A small second wave correction on the main hourly chart was assumed to be incomplete, and price moved higher to complete this. Price thereafter turned lower to create a small red candlestick for the day....
by Lara | Jan 29, 2014 | Gold |
Yesterday’s analysis expected more downwards movement which is not what happened. Movement above 1,261.92 invalidated the hourly wave counts. Summary: The hourly wave count which expects more downwards movement for a few days still has the highest probability of...
by Lara | Jan 11, 2014 | Gold
The main hourly wave count for last analysis had a higher probability than the alternate and expected more upwards movement. This is what happened, and price movement above 1,231.64 invalidated the alternate providing further confidence in the main wave count. As more...
