by Lara | Jun 17, 2014 | Gold |
Yesterday’s Elliott wave analysis expected downwards movement for gold towards a target at 1,268.07. Price has moved lower as expected, but the correction is deeper than anticipated. Summary: The correction is incomplete. It may take price lower again with...
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 | Apr 30, 2014 | Gold
More sideways movement was expected, which is what has happened. However, a new low slightly below the invalidation point on the main hourly wave count was not expected. Summary: It is most likely that Gold will remain range bound for another one or two days, with...
by Lara | Apr 21, 2014 | Gold |
I had expected to see a little downwards movement to begin the week, to reach slightly below 1,282.60 but not below 1,277.79. So far price has reached down to 1,282.04 and turned up slightly. Summary: I expect overall upwards movement from here to either 1,336 or...
by Lara | Apr 14, 2014 | Gold |
Last analysis had three hourly wave counts. The main wave count expected a little more upwards movement. The alternate wave count was invalidated. Summary: While price remains within the channel on the hourly chart we must expect the short term trend remains up. I am...
by Lara | Mar 28, 2014 | Gold, Gold Historical |
Price has moved lower as expected for Friday, but the targets have not been met. At this stage the alternate hourly wave count diverges from the main wave count. Summary: The trend remains down. We may not see the increase in momentum I was expecting. This downwards...
by Lara | Mar 20, 2014 | Gold |
Downwards movement again has continued as expected. We now have a clear breach of the pink channel on the daily chart providing final confirmation of a trend change at minor degree. Summary: I have full confidence in a trend change. I expect overall downwards movement...
by Lara | Mar 13, 2014 | Gold |
The short term target at 1,381 has not yet been met, but price has moved higher as expected. Summary: The trend is up. The target for it to end is now calculated at two degrees and so widens to a small zone at 1,387 to 1,390. This target may be met in two days. This...
by Lara | Mar 5, 2014 | Gold |
Price has moved very slightly higher in a mostly sideways day. Both wave counts remain valid and both remain the same. Summary: The situation is unclear. While price remains within the green channel on the daily chart we should assume that the trend remains the same,...
