by Lara | Jun 17, 2015 | Gold |
Upwards movement was not expected. Price has so far reached to just below a short term invalidation point. Summary: The bear wave count still requires more downwards movement to a minimum at 1,165.76. The bull count requires upwards movement to a minimum 1,195.71....
by Lara | Jun 15, 2015 | Gold |
Sideways movement in a larger range fits the bear Elliott wave count at the hourly chart level better than the bull. Summary: The bear wave count expects downwards movement to 1,165.76 minimum before another five wave structure up to a target at 1,205 (that target may...
by Lara | Jun 11, 2015 | Gold |
Downwards movement fits the bear Elliott wave count better than the bull, but it is not enough to provide price confirmation yet. Summary: The bull wave count expects the middle of a third wave up to show a strong increase in momentum. A short term target is at 1,209,...
by Lara | Jun 10, 2015 | Gold |
A new high above 1,191.71 invalidated two hourly Elliott wave counts confirming the prior downwards wave as complete. Summary: The bull wave count now expects a third wave up has begun, and the target is the same at 1,288. The bear wave count now expects a second wave...
by Lara | Jun 8, 2015 | Gold |
A small inside day fits both Elliott wave counts at the hourly chart level. The Elliott wave counts remain the same. Summary: Structure indicates it is still more likely we shall see a little more downwards movement before this wave is over; the target is now...
by Lara | Jun 3, 2015 | Gold |
Upwards movement was expected for the bull and main bear Elliott wave counts, but downwards movement breached their invalidation points. The alternate bear Elliott wave count is now taken more seriously. Summary: The last swing down will subdivide as either a three or...
by Lara | May 28, 2015 | Gold |
A little more downwards movement was still allowed for. The invalidation points are now extremely close by, but still not breached. Summary: Both bull and bear wave counts still expect upwards movement for a few days. The bull wave count has a minimum requirement at...
by Lara | May 22, 2015 | Gold |
The short term target for a little upwards movement was at 1,217. Gold moved higher to 1,215.03 and then turned down exactly as expected. Summary: With price above 1,200.03 all four ideas remain valid. The main bull and main bear wave counts (yesterday’s...
by Lara | May 21, 2015 | Gold |
The main bull Elliott wave count expected sideways movement. A small red candlestick fits this Elliott wave count. Summary: The very short term expects at least a little upwards movement from here to 1,212.96 or above. At any stage, a new low now below 1,200.03 would...
