by Lara | Feb 17, 2015 | Gold |
I had expected a downwards day for Tuesday which is what has happened. The depth of this downwards movement may be surprising, but it fits the wave count nicely. Summary: It is most likely the correction is incomplete. I expect upwards movement to 1,243 to complete a...
by Lara | Feb 9, 2015 | Gold |
A shallow fourth wave correction was expected, but I had expected it to be more brief than it is turning out to be. Summary: When this fourth wave correction is over a fifth wave down should unfold. The target for this next wave down is 1,224, but be aware sometimes...
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 28, 2015 | Gold |
I had expected a breakout within the last 24 hours, but price continues sideways in an ever narrowing range. We still need a breakout to tell us which Elliott wave count is correct. Summary: A new high above 1,308.10 would confirm the main wave count and invalidate...
by Lara | Jan 5, 2015 | Gold |
Upwards movement was expected. The target remains the same. Summary: I expect upwards movement for this week. In the short term look out for a quick sharp second wave correction, after which upwards momentum should increase. I expect a green candlestick for...
by Lara | Dec 6, 2014 | Gold |
The correction may have ended 4.46 below the expected low. The Elliott wave count remains the same. Summary: There are two possible scenarios for Monday: either a short sharp upwards thrust to 1,235 (which would be confirmed with a new high above 1,213.45), or one...
by Lara | Nov 20, 2014 | Gold |
A small green candlestick fits the Elliott wave count. Downwards movement is finding support about the lower edge of the green base channel on the hourly chart. Summary: Momentum may not show a strong increase for another day or so. The trend remains up, and the short...
by Lara | Nov 12, 2014 | Gold |
I had expected one more green candlestick for Wednesday’s session to end about 1,179 – 1,182. This is not what happened. Downwards movement has clarified the structure for minor wave 2 a little further. Summary: This correction is still not over most...
by Lara | Nov 4, 2014 | Gold |
A small green candlestick on the daily chart, and a slight increase in upwards momentum on the hourly chart, fits the main Elliott wave count well. Summary: It is still most likely that the minor degree trend is now upwards. The target for the next wave up is at 1,278...
