by Lara | Aug 24, 2015 | Gold |
Some downwards movement was expected for the new wave count in the short term, which is what has happened. Movement was choppy and overlapping and moved lower for Monday. Today I will expand on three different ideas for the new wave count at the weekly chart level....
by Lara | Aug 20, 2015 | Gold |
Last analysis expected upwards movement to continue, which it has, but the target at 1,141 was inadequate. Price remains below the invalidation point. There still has been zero confirmation of an end to this upwards movement. The wave count is changed. Summary: At the...
by Lara | Aug 18, 2015 | Gold |
Upwards movement was expected for Tuesday. Although price moved sideways to complete a small green doji, downwards movement during the session moved below the invalidation point on the hourly chart. Summary: To call an end to subminuette wave iv yesterday was probably...
by Lara | Aug 17, 2015 | Gold |
Upwards movement was expected for Monday. Summary: Upwards movement may end tomorrow about 1,132. If it does not end there tomorrow, then the next expectation would be Wednesday to see a high at 1,142 – 1,144. Upwards movement may end at any stage as soon as a...
by Lara | Aug 13, 2015 | Gold |
The Elliott wave count as updated in yesterday’s analysis is unfolding mostly as expected. Summary: The structure for minute wave iv is still incomplete. Minute wave iv still needs one final fifth wave up to end it, and a target is now calculated at 1,134 which...
by Lara | Aug 11, 2015 | Gold |
Upwards movement to 1,118 – 1,123 was expected. This is what happened, but only after a whipsaw took out the invalidation points on the hourly chart necessitating an updated short term chart for the hourly structure. I have two wave counts for you today to...
by Lara | Aug 7, 2015 | Gold |
A breakout of this consolidation is expected to occur on Monday. Summary: The triangle is most likely complete. Subminuette wave v down should unfold next week to either 1,068 (more likely) or 1,036 – 1,038 (less likely). If the first target is correct, then it...
by Lara | Aug 6, 2015 | Gold |
The Elliott wave count remains the same. A breakout is still expected to come very soon. Summary: The triangle is still completing, taking its time and testing our patience. I am still confident that when it is done the breakout will be downwards to move at least...
by Lara | Aug 4, 2015 | Gold |
The alternate Elliott wave count proved to be correct in the last 24 hours. Summary: A fourth wave triangle should end about 1,099 within the next 24 hours, or maybe as soon as about 8 hours. Thereafter, a fifth wave down should unfold to reach at least slightly below...
