by Lara | Feb 5, 2015 | Gold |
More upwards movement was allowed for and has remained below the invalidation point and trend line on the Elliott wave hourly chart. Summary: I expect a third wave down is underway. The short term target for the end of the middle of the third wave is at 1,224 and this...
by Lara | Feb 3, 2015 | Gold |
Price made a slight new high but failed by a considerable margin to reach the target, which was at 1,299. The trend channel on the Elliott wave hourly chart indicated a trend change, and a third wave down. Summary: A third wave has most likely begun. In the short term...
by Lara | Feb 2, 2015 | Gold |
Upwards movement hit the first target zone of 1,281 – 1,287, but structure indicates the correction is not over there. Summary: In the short term I expect one more upwards zigzag to a target at 1,299. This may give one more green candlestick or doji to show this...
by Lara | Jan 30, 2015 | Gold |
Downwards movement did not continue as expected. A new high above 1,272.34 invalidated the Elliott wave count at the hourly chart level. Summary: In the short term I expect upwards movement to end about 1,281 – 1,287. This upwards movement is a deep second wave...
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 22, 2015 | Gold |
A trend change was expected, but price has made a slight new high. At the daily chart the two wave counts are still the same, but I am changing the labelling of this last upwards movement on the hourly chart to fit better with momentum. I have a new daily alternate...
by Lara | Jan 21, 2015 | Gold |
Both Elliott wave counts expected a trend change, but upwards movement has continued. This changes the probability of these two Elliott wave counts. Summary: Both the main and alternate daily wave counts still expect downwards movement from here, and both expect a...
by Lara | Jan 20, 2015 | Gold |
The main hourly wave count was invalidated with a new high, and at that stage the alternate wave count was confirmed. The target for upwards movement to end for the alternate was 1,297. That has now been met. Summary: Both the main and alternate daily wave counts...
by Lara | Jan 16, 2015 | Gold |
The fourth wave was expected to show on the daily chart, but it does not. Upwards movement now touches the large maroon channel on the weekly chart. Summary: I am expecting a trend change either now or very soon. First confirmation would come with a new low below...
