by Lara | May 24, 2016 | Gold |
Downwards movement was expected as most likely for yesterday’s main Elliott wave count. Summary: The wave count now expects more downwards movement. Along the way down there should be two fourth wave corrections which should show up on the daily chart. A breach...
by Lara | Apr 30, 2016 | Gold |
Gold has broken out of a consolidation upwards exactly as expected. Summary: Expect price to keep rising while it remains within the best fit channel on the hourly chart. The target for this trend to end is at this stage 1,477. If the channel is breached, then draw a...
by Lara | Apr 7, 2016 | Gold |
The first hourly Elliott wave chart was invalidated with a new high above 1,236.56 confirming the second hourly Elliott wave count. The second wave count expected upwards movement to 1,244. So far price has reached 1,243.19. Summary: Upwards movement would most likely...
by Lara | Mar 16, 2016 | Gold |
Upwards movement has unfolded exactly as expected. Summary: The first target for this upwards move to end is at 1,295. If price gets there and the structure is incomplete, or if price just keeps rising through the first target, then the next target is at 1,338. We...
by Lara | Feb 23, 2016 | Gold |
One of the remaining two hourly Elliott wave counts was invalidated. I will continue to consider all possibilities. I have a new idea today. Summary: The correction is incomplete. If it totals a Fibonacci thirteen when complete, then it may end in another five...
by Lara | Jan 7, 2016 | Gold |
Price has broken out of a consolidation upwards. Summary: Short term a third wave may end about 1,113 (if this target is wrong, it may not be high enough). Thereafter, a fourth wave correction should move sideways for a few days and be followed by more upwards...
by Lara | Dec 12, 2015 | Gold |
The correction continues as expected. Summary: There is still more than one possible structure which may be unfolding for this correction, but what is clear is that the correction is still very unlikely to be over. It may now continue for three more days to total a...
by Lara | Nov 26, 2015 | Gold |
Slow sideways movement was expected. I have a new hourly Elliott wave count today which fits recent movement perfectly. Summary: A triangle is most likely completing for a B wave. When it is done price should move strongly higher for a short sharp C wave to end above...
by Lara | Nov 24, 2015 | Gold |
A correction was expected to most likely continue, which is what has happened. Summary: A new high above 1,088.22 would provide confidence that this correction is not over, which at this stage is very likely. The target remains at 1,101 – 1,103. A new low below...