by Lara | Nov 10, 2015 | Gold |
Sideways movement to complete a small real body for Tuesday’s candlestick fits the Elliott wave count nicely. Summary: This fourth wave correction may continue for at least another one day to last a total Fibonacci three days. Choppy overlapping sideways...
by Lara | Oct 7, 2015 | Gold |
Downwards movement was expected. Price first moved higher but remained below the invalidation point for the bear Elliott wave count. Price then turned lower to complete a small red candlestick. Summary: I expect downwards movement from here for the bear wave count for...
by Lara | Sep 29, 2015 | Gold |
Both Elliott wave counts will expect the same movement next. Summary: A small consolidation should unfold over the next one to three days. The bear wave count sees it as a second wave correction, the bull as a B wave within a B wave. When it is done the breakout...
by Lara | Sep 21, 2015 | Gold |
Both Elliott wave counts expected downwards movement for Monday, which is what happened. Summary: The bull and bear wave counts again diverge. The bear wave count expects downwards movement to continue. The bull wave count expects upwards movement from here. The...
by Lara | May 22, 2015 | Gold |
The short term target for a little upwards movement was at 1,217. Gold moved higher to 1,215.03 and then turned down exactly as expected. Summary: With price above 1,200.03 all four ideas remain valid. The main bull and main bear wave counts (yesterday’s...
by Lara | May 4, 2015 | Gold |
Upwards movement fits the alternate hourly Elliott wave count best, which works for both bull and bear wave counts at the daily chart level. Volume continues to be a strong indicator of which Elliott wave count is more likely. I have another weekly chart for you today...
by Lara | Feb 5, 2015 | Gold |
More upwards movement was allowed for and has remained below the invalidation point and trend line on the Elliott wave hourly chart. Summary: I expect a third wave down is underway. The short term target for the end of the middle of the third wave is at 1,224 and this...
by Lara | Dec 26, 2014 | Gold |
Upwards movement was expected. The main Elliott wave count is confirmed, and the alternate Elliott wave count which was judged to have a very low probability was invalidated. Summary: A third wave up is confirmed. The target for it to end is at 1,278. Click on charts...
by Lara | Oct 27, 2014 | Gold |
Another red candlestick and a slight new low fit the Elliott wave count. Summary: Intermediate wave (2) is unfolding as a big flat correction. I expect more downwards movement for a few days to at least 1,190.04. It is possible we may see a new low below 1,183.06. The...
