by Lara | Mar 6, 2015 | Gold |
Downwards movement and an increase in momentum were expected. Summary: The short term target for subminuette wave iii is 1,153. I expect another red candlestick for Monday. At this stage the trend is down. Click on charts to enlarge. Main Daily Wave Count This main...
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 | Jan 23, 2015 | Gold |
Downwards movement was expected. The main Elliott wave count is changed substantially today. Summary: The situation is unclear. Use your own judgement in addition to my analysis to decide which wave count you see as most likely. The main wave count expects one final...
by Lara | Jan 8, 2015 | Gold |
Price moved lower as expected. A small candlestick, which may end as a doji for Thursday’s session, fits the Elliott wave count nicely. Summary: Gold is within a consolidation phase which should continue for at least another two days, and maybe another six days...
by Lara | Dec 16, 2014 | Gold |
A little more downwards movement takes this move into its fifth day. I am swapping the Elliott wave counts over. Yesterday’s alternate is now the main preferred wave count. This is in line with GDX and Silver. Summary: The bigger picture remains the same, but a...
by Lara | Dec 10, 2014 | Gold |
A small red candlestick on the daily Elliott wave chart changes the wave count at the hourly chart level. The overall mid term target remains the same, and the trend is still upwards. Summary: This sideways movement is most likely very close to completion. Overall the...
