by Lara | Apr 14, 2015 | Gold |
Downwards movement invalidated the hourly Elliott wave count and was unexpected. Summary: The situation is unclear for the bigger picture. For the short term, I have a bull and a bear wave count which both expect more downwards movement. The target for the bull wave...
by Lara | Apr 2, 2015 | Gold |
The main Elliott wave count expected a fourth wave correction to unfold downwards / sideways. This is what happened, although it is more time consuming than expected. Summary: The main hourly wave count has a higher probability than the alternate hourly wave count....
by Lara | Mar 10, 2015 | Gold |
Downwards movement continues, although yesterday’s hourly Elliott wave count expected some upwards movement first which did not happen. Summary: The trend remains down. Two more small fourth wave corrections should complete, and the current one may end about...
by Lara | Feb 12, 2015 | Gold |
Downwards movement was expected, but price has moved mostly sideways. If Thursday’s session completes as a green candlestick this would be significant. Summary: The third wave may be over and the following fourth wave for minuette wave (iv) looks like it has...
by Lara | Jan 14, 2015 | Gold |
This second wave correction is either over already or it may have one final last push down. We may use confirmation / invalidation points to work with the two hourly wave counts today. Summary: The trend at minute, minor and intermediate degree remains up. A third...
by Lara | Oct 9, 2014 | Gold |
Upwards movement continues as expected. I have a new alternate Elliott wave count for you to consider today. Summary: This third wave up should show a further increase in momentum. The target remains at 1,243. Click on charts to enlarge. Main Wave Count On the weekly...
by Lara | Oct 1, 2014 | Gold |
Upwards movement was expected for all three hourly Elliott wave counts. Summary: This correction is still incomplete, and the situation is little changed from yesterday. I expect Gold to continue to be range bound for at least one more day, but for two of the three...
by Lara | Jul 16, 2014 | Gold |
Sideways movement has slightly breached the invalidation point on the hourly chart. The Elliott wave count at the hourly chart level is adjusted, but the target remains mostly the same. Summary: One more downwards wave is required to complete this structure. The...
by Lara | Jun 19, 2014 | Gold |
Yesterday’s analysis expected more downwards movement to complete a correction, and I had expected it to end within 24 hours. This is not what happened. The correction is continuing and is longer in duration than expected. Summary: The correction is incomplete....
