by Lara | Aug 19, 2015 | Gold |
Upwards movement was expected. The first target was reached. Today’s Elliott wave analysis will focus on: identifying if this structure is complete, and looking at what price point would provide first confirmation. Summary: Upwards movement is most likely...
by Lara | Aug 10, 2015 | Gold |
A downwards breakout was expected for Monday, but did not happen. Upwards movement invalidated the main Elliott wave count and confirmed the alternate Elliott wave count. Summary: The new wave count sees this correction as minute wave iv unfolding as a combination....
by Lara | Jul 31, 2015 | Gold |
Upwards movement was unexpected. I have two hourly Elliott wave counts for you today. Summary: It is most likely a triangle has just ended a fourth wave correction. This should be followed by a fifth wave down which is highly likely to make at least a slight new low...
by Lara | Jul 22, 2015 | Gold |
Price has moved lower exactly as expected. Summary: The target for the next third wave to end, which may be met tomorrow, remains at 1,060. The following fourth wave may show on the daily chart, but it may not. The target for minute wave iii to end remains at 1,023...
by Lara | Jul 13, 2015 | Gold |
Both Elliott wave counts expected downwards movement, which is what has happened for Monday’s session. Summary: The main wave count remains the same: it expects downwards movement this week to a target at 1,123 which may be met in three days time. To see weekly...
by Lara | Jul 2, 2015 | Gold |
A little upwards movement was expected to 1,180 before more downwards movement, but this is not what happened. At the daily chart level, a new low below 1,162.80 strongly favours the bear Elliott wave count. Summary: It is increasingly likely that the trend is down....
by Lara | Jun 23, 2015 | Gold |
Both Elliott wave counts expected more downwards movement. Price fell 4.35 short of the short term target on the hourly bear Elliott wave count. Summary: A little upwards movement should now unfold for both bull and bear wave counts. Upwards movement for the bear wave...
by Lara | Jun 12, 2015 | Gold |
A small range for Friday with a small red doji fits the bear Elliott wave count slightly better than the bull. Notice: The website will be unavailable from Saturday evening to Sunday morning EST for necessary updates. Downtime expectation of only 3-4 hours, but may be...
by Lara | May 18, 2015 | Gold |
A small green doji candlestick fits for a fourth wave correction. In the mid term, the degree for this correction can now be known. Summary: Gold is currently in a small fourth wave correction against the trend. Both bull and bear wave counts expect sideways movement...
