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 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 15, 2015 | Gold |
Sideways movement was expected from last Elliott wave analysis, which is what happened. Summary: This movement is a small correction against the trend, which for both bull and bear counts is up at least at minute degree. This fourth wave is either a zigzag to end...
by Lara | Apr 13, 2015 | Gold |
The short term target at 1,215 was not met. Price has moved lower, and a second wave correction was expected to find support at the lower edge of the blue channel. Summary: The main and alternate daily wave counts strongly diverge. The main wave count is more likely...
by Lara | Apr 1, 2015 | Gold |
A strong upwards movement fits one of the three hourly Elliott wave counts from yesterday. The next 24 hours should tell us which Elliott wave count is correct. Summary: My main wave count expects a third wave has just begun, which is supported by volume and momentum....
by Lara | Mar 11, 2015 | Gold |
Another red candlestick was expected. However, a little upwards movement to 1,176 was expected first and this did not happen. Price moved sideways to complete a small triangle for the fourth wave correction and not a zigzag. Summary: The trend remains down at minor...
by Lara | Mar 9, 2015 | Gold |
Another red candlestick and a decrease in momentum were expected for Monday. So far that is what we have, although the session is not yet over and the candlestick may yet end as green. Summary: The trend remains down. A third wave is incomplete. In the very short term...
by Lara | Feb 20, 2015 | Gold |
Upwards movement was expected, but this is not what happened. We have a small red doji completing for Friday’s session. Summary: The main wave count still expects one more day of upwards movement for Monday to 1,243. I have a new alternate which sees a third...
by Lara | Feb 16, 2015 | Gold |
The consolidation continues, but I had expected a short term drop within it. Summary: This correction is incomplete. I expect it to continue with sideways movement for another two days. In the short term I still expect a downwards day for a B wave within this fourth...
