by Lara | May 24, 2014 | Gold |
Further sideways movement indicates a nine wave triangle is unfolding. It looks incomplete. The confirmation and invalidation points can now be moved closer together, reducing risk and increasing reward. Summary: A break below 1,283.43 would indicate Gold is breaking...
by Lara | May 14, 2014 | Gold |
Yesterday’s analysis expected to see some downwards movement, from both the main and alternate hourly wave counts. This is what has happened. With a further 24 hours price action to analyse I now have more confidence in the main hourly wave count. Summary: I...
by Lara | May 10, 2014 | Gold
Last analysis expected to see more sideways movement before the downwards trend resumed. This is mostly what happened. When price breaks below 1,273.43 I will have full confidence in this wave count and the target. Summary: The target for downwards movement to end is...
by Lara | Apr 29, 2014 | Gold |
Yesterday’s analysis expected to see more choppy overlapping movement. Tuesday has ended with a small doji candlestick, which fits the expectations exactly. Summary: It is most likely that Gold will remain range bound for another one or two days, with slightly...
by Lara | Feb 12, 2014 | Gold |
The target at 1,297 was expected to be met within 24 hours. Price has moved higher as expected to 1,296.38, just 0.62 below the target. The wave count remains the same. Summary: In the short term upwards movement is not over. The short term target is now widened to...
by Lara | Feb 10, 2014 | Gold
Again upwards movement was expected. New highs and an increase in momentum were expected, and this is exactly what happened. The wave count remains the same. Summary: At this stage price should continue to move higher and may show a further increase in momentum. The...
by Lara | Jan 9, 2014 | Gold |
Yesterday’s main wave count expected more downwards movement towards a short term target at 1,215.4 before a trend change. Price moved only slightly lower, reaching 1,218.60, before turning slowly upwards. Click on the charts below to enlarge. Gold is still...
by Lara | Dec 23, 2013 | Gold
Last analysis expected a little more upwards movement towards a short term target at 1,210 before price turned lower. This is not what happened. Last analysis stated that if Monday produced a red candlestick that the current fourth wave correction would be unlikely to...
by Lara | Dec 4, 2013 | Gold |
Yesterday’s short term target was at 1,237. Price did move higher, but not before making a new low. I had expected choppy, overlapping movement for about four days towards the eventual target at 1,242.74. Price has moved above this target to reach 1,251.84 so...
