by Lara | Dec 30, 2013 | Gold
The main hourly wave count for last analysis expected downwards movement to begin the new trading week which is exactly what happened. This main wave count had a higher probability than the alternate. This main wave count still has a higher probability, and I will...
by Lara | Dec 19, 2013 | Gold
Yesterday’s short term target at 1,205 has been comfortably passed, and at the time of publication price is 13.67 below the target. The wave count remains the same. Click on the charts below to enlarge. Gold is still within a large fourth wave correction at...
by Lara | Dec 14, 2013 | Gold |
Both the first and second hourly wave counts expected more downwards movement to a target at 1,208 before price turned upwards. We did see some downwards movement before price turned upwards, but it ended at 1,220.65, which is $12.65 short of the target. Both wave...
by Lara | Dec 12, 2013 | Gold |
Movement below 1,244.74 has clarified the situation. At that stage the second hourly chart for the main wave count was confirmed, and more downwards movement was expected. Today I have the same main daily chart and two hourly charts for you. Click on the charts below...
by Lara | Dec 11, 2013 | Gold
Price has moved lower. I had expected it a little, but I had not expected it to be this slow. The situation at this stage is unclear. I have looked for alternates for you, including a bullish alternate which sees a trend change at 1,211.83 five days ago. I have...
by Lara | Dec 9, 2013 | Gold |
Last analysis expected to see downwards movement for this week. Price has not move lower. It has moved slowly upwards and remains below the invalidation point on the hourly chart. Click on the charts below to enlarge. Gold is still within a large fourth wave...
by Lara | Dec 7, 2013 | Gold
Last analysis expected to see a green candlestick for Friday’s session which is exactly what we have got. However, upwards movement fell well short of the target of 1,252, by $7.26. The wave count remains the same. Click on the charts below to enlarge. Gold is...
by Lara | Dec 5, 2013 | Gold
Yesterday’s analysis expected a little more upwards movement before price turned down. This is not what happened. A careful analysis of the last downwards wave on the hourly chart will determine if this correction is over or not. Click on the charts below to...
by Lara | Nov 28, 2013 | Gold |
Yesterday’s analysis expected more upwards movement from Gold. Price has moved higher, but it is not a convincing third wave… yet. I have the same main wave count with now two alternates at the daily chart level. The first alternate may be used if...
