by Lara | May 24, 2014 | Gold |
Further sideways movement indicates a nine wave triangle is unfolding. It looks incomplete. The confirmation and invalidation points can now be moved closer together, reducing risk and increasing reward. Summary: A break below 1,283.43 would indicate Gold is breaking...
by Lara | May 14, 2014 | Gold |
Movement above 1,298.93 indicated the alternate wave count was correct and at that stage it expected more upwards movement. I had expected price to move lower and show an increase in downwards momentum for Wednesday’s session. This is not what happened. Summary:...
by Lara | May 10, 2014 | Gold
Last analysis expected to see more sideways movement before the downwards trend resumed. This is mostly what happened. When price breaks below 1,273.43 I will have full confidence in this wave count and the target. Summary: The target for downwards movement to end is...
by Lara | Feb 10, 2014 | Gold
Again upwards movement was expected. New highs and an increase in momentum were expected, and this is exactly what happened. The wave count remains the same. Summary: At this stage price should continue to move higher and may show a further increase in momentum. The...
by Lara | Dec 26, 2013 | Gold
Last analysis expected a continuation of a fourth wave correction, with two hourly charts for two possible structures. The triangle was invalidated and this fourth wave subdivides nicely as a double zigzag, which may now be complete. Click on the charts below to...
by Lara | Dec 4, 2013 | Gold |
Yesterday’s short term target was at 1,237. Price did move higher, but not before making a new low. I had expected choppy, overlapping movement for about four days towards the eventual target at 1,242.74. Price has moved above this target to reach 1,251.84 so...
by Lara | Nov 26, 2013 | Gold |
Movement above 1,249.06 confirmed the main wave count shortly after publication of yesterday’s analysis. At that stage the analysis expected a little more upwards movement, to be followed by a deep second wave correction. This is exactly what happened. Click on...
by Lara | Nov 9, 2013 | Gold
Thursday’s analysis expected sideways movement to end about 1,314.96, followed by strong downwards movement as a third wave began. Price moved sideways to reach 1,313.93 then turned downwards strongly. Downwards momentum has increased as expected. The wave count...
by Lara | Nov 2, 2013 | Gold |
Gold moved sideways and lower during Friday’s session. I had expected it to move higher. The main hourly wave count was invalidated with movement below 1,319.22. The alternate hourly wave count remains valid, but it no longer has the right look. We now have a...
