by Lara | Nov 25, 2013 | Gold |
Last analysis expected more downwards movement towards a target at 1,207 to 1,198. Price has moved lower, but so far is well short of the target. I have two hourly wave counts for you today. I will use confirmation / invalidation points to work with these two wave...
by Lara | Nov 12, 2013 | Gold
Last analysis expected more sideways and slightly higher movement before one more downwards wave. Price did not move higher, it moved sideways, and was followed by another wave downwards. The target at 1,271 was comfortably exceeded. I have a new alternate wave count...
by Lara | Nov 9, 2013 | Gold
Thursday’s analysis expected sideways movement to end about 1,314.96, followed by strong downwards movement as a third wave began. Price moved sideways to reach 1,313.93 then turned downwards strongly. Downwards momentum has increased as expected. The wave count...
by Lara | Nov 1, 2013 | Gold
Yesterday’s analysis expected more downwards movement towards a target about 1,325. Price has moved lower, so far down to 1,319.22, 5.78 below the target and extremely close to the 0.382 Fibonacci ratio on the main hourly wave count at 1,318.73. The wave counts...
by Lara | Oct 31, 2013 | Gold
Movement below 1,340.90 invalidated yesterday’s hourly wave count. I have gone back and re-analysed this recent upwards movement from 1,251.76 because something else must be happening. The wave count at the daily chart level remains mostly the same. I have two...
by Lara | Oct 23, 2013 | Gold |
Yesterday’s analysis expected more upwards movement from gold before a correction. This is not what happened as price has moved a little lower, and the correction has already arrived. Click on the charts below to enlarge. Gold has completed its downwards wave...
by Lara | Sep 25, 2013 | Gold
Yesterday’s analysis expected the completion of a small triangle to be followed by a sharp downwards thrust. The update for yesterday gave a target for this downwards thrust to end at 1,305. It ended at 1,305.90. We now have a clear channel breach on the hourly...
by Lara | Sep 24, 2013 | Gold
The small channel on the hourly chart was breached, but price has moved sideways not higher. It looks like we may be seeing a small triangle complete. When this is done we should see a brief sharp downward thrust, to be followed by the resumption of upwards movement....
by Lara | Sep 22, 2013 | Gold |
Last analysis had two hourly wave counts. The alternate was confirmed quickly with movement below 1,359.20. The alternate hourly wave count expected more downwards movement to the most likely target at 1,323.12. Friday’s session reached down to 1,324.94. A...
