by Lara | May 28, 2014 | Gold |
The short term target was 1,256. Price reached down to 1,256.06, so far. The wave count is unchanged. Summary: I expect to see some upwards movement to complete a second wave correction at 1,273. This may complete a green candlestick for Thursday’s session. The...
by Lara | May 27, 2014 | Gold
Finally we have the breakout we were expecting, and as expected it is to the downside. Movement below the lower triangle trend line and below 1,283.43 has confirmed this. Summary: The short term target is 1,256 for the first five down to end. Once this is complete I...
by Lara | May 22, 2014 | Gold |
The triangle may now be complete. A break below 1,277.57 would confirm this. Summary: Sideways movement may have just ended and price may be breaking out to the downside. Confirmation below 1,277.57 is required. The target is 1,189. This analysis is published about...
by Lara | May 22, 2014 | Gold |
With continued sideways movement today I am discarding the prior main wave count in favour of the alternate, which will be my only wave count. Summary: In the short term sideways movement may continue. I have a short term target at 1,300 for a little upwards movement....
by Lara | May 19, 2014 | Gold
Price has again moved sideways to complete another doji candlestick. The wave count is mostly the same, but recent movement on the hourly chart is reanalysed. The target remain the same. Summary: A third wave down has still most likely begun. The target for it to end...
by Lara | May 16, 2014 | Gold
Downwards movement continues as expected, but we have not yet seen the increase in momentum I had expected. Summary: A third wave down has still most likely begun. The target for it to end is 1,247 and this may be reached in six more days. This analysis is published...
by Lara | May 7, 2014 | Gold
Downwards movement continues as expected. This strong red candlestick for Wednesday gives me more confidence the main wave count is correct. When price breaks below 1,273.43 I will have full confidence in this wave count and the target. Summary: The target for...
by Lara | May 7, 2014 | Gold
Price has moved lower as expected, but not convincingly. I still want to see price breach 1,273.43 to have confidence the downwards trend has resumed. Summary: It is most likely the downwards trend has resumed, but this is unconfirmed. Downwards movement should reach...
by Lara | May 5, 2014 | Gold
Upwards movement invalidated the triangle for minute wave b. The structure is more likely a combination. Upwards movement is either over here or should be over soon. Overall I expect to see the downwards trend resume this week. Summary: I want to see movement below...
