by Lara | Apr 22, 2015 | Gold |
Downwards movement was expected for wave counts 1, 3 and 4. With price still just above 1,184.04, all Elliott wave counts remain valid and all will be again presented. Summary: Gold remains in a sideways consolidation phase which began on March 27th. Since price...
by Lara | Mar 28, 2015 | Gold |
Downwards movement was expected. Friday closed with a small red candlestick fitting both Elliott wave counts nicely. Summary: Downwards movement should continue next week. The lower volume for Friday supports the main wave count which expects a correction to 1,172...
by Lara | Mar 16, 2015 | Gold |
The fourth wave ended not as a triangle, as expected, but as a double zigzag. Summary: The final fifth wave down is underway. The target is at 1,136 and this may be met in one to three more days. The invalidation point is at 1,164.20. If the invalidation point is...
by Lara | Mar 4, 2015 | Gold |
A small red candlestick for an inside day is completing. Overall, this fits the Elliott wave count. Summary: The middle of intermediate wave (3) has most likely begun. A breach of the green channel on the hourly chart would add confidence to the wave count. I will...
by Lara | Mar 3, 2015 | Gold |
A new low below 1,204.53 has confirmed the alternate hourly Elliott wave count. This is now the only hourly Elliott wave count. Summary: The middle of intermediate wave (3) has most likely begun. A breach of the green channel on the hourly chart would add confidence...
by Lara | Jan 27, 2015 | Gold |
The situation is still unclear. Price needs to break out of this sideways / downwards movement to provide clarity. This should happen within the next 24 hours. Summary: A new high above 1,308.10 would confirm the main wave count and invalidate both alternates. This...
by Lara | Jan 26, 2015 | Gold |
Last Elliott wave analysis stated the situation was unclear. It is still unclear, but we have more information today to assist a decision either way. Summary: Downwards movement with strong momentum favours the two alternates. Price is finding support at the upper...
by Lara | Dec 3, 2014 | Gold |
Sideways movement was allowed for, and expected as about 50% likely. This slightly clarifies the situation for the short term. Summary: The trend at minor degree is up. At this stage I expect sideways choppy movement for another 24 hours before the next strong upwards...
by Lara | Nov 7, 2014 | Gold |
Although the short term expectation of upwards movement first was not played out, overall a new low followed by upwards movement fits the Elliott wave count nicely. Summary: Minor wave 2 may be close to completion and could end in just one more day at about 1,185....
