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...
by Lara | Sep 8, 2014 | Gold |
Downwards movement continues as expected. Upwards corrections are finding resistance at the upper edge of the small green channel on the hourly chart, as expected. The Elliott wave count remains the same. Summary: The short term target at 1,241 may be met within 24...
by Lara | Aug 21, 2014 | Gold |
I have two Elliott wave counts for you today. I would judge the main wave count to have a 60% probability, and the alternate to have a 40% probability. We should have some clarity within two or three days, at the most. Movement below 1,280.35 has increased the...
by Lara | Aug 7, 2014 | Gold
Upwards movement continued as expected. The Elliott wave count remains the same. Summary: A small second wave correction may be about to begin, interrupting this upwards movement. It may reach down to about 1,294.73 and it may show on the daily chart as one or two red...
by Lara | Jul 2, 2014 | Gold |
Sideways movement continues as expected from yesterday’s sole Elliott wave count. It now shows as two red doji candlesticks on the daily chart. The target remains the same. Summary: Sideways movement is extremely close to completion. Price should break out...
by Lara | May 22, 2014 | Gold |
The triangle may now be complete. A break below 1,277.57 would confirm this. Summary: Sideways movement may have just ended and price may be breaking out to the downside. Confirmation below 1,277.57 is required. The target is 1,189. This analysis is published about...
by Lara | Apr 24, 2014 | Gold |
The channel on the hourly chart has been clearly breached by upwards movement. I have two wave counts for you today. The situation is unclear. Summary: We need to see price break above 1,292.99 or below 1,276.36 to have clarity. This analysis is published about 8:45...
by Lara | Mar 24, 2014 | Gold
As expected upwards movement found resistance at the pink trend line on the daily chart. Downwards movement continues towards the target. We now have a clear breach of the pink channel on the daily chart providing final confirmation of a trend change at minor degree....
