by Lara | Mar 9, 2015 | Gold |
Another red candlestick and a decrease in momentum were expected for Monday. So far that is what we have, although the session is not yet over and the candlestick may yet end as green. Summary: The trend remains down. A third wave is incomplete. In the very short term...
by Lara | Feb 20, 2015 | Gold |
Upwards movement was expected, but this is not what happened. We have a small red doji completing for Friday’s session. Summary: The main wave count still expects one more day of upwards movement for Monday to 1,243. I have a new alternate which sees a third...
by Lara | Feb 16, 2015 | Gold |
The consolidation continues, but I had expected a short term drop within it. Summary: This correction is incomplete. I expect it to continue with sideways movement for another two days. In the short term I still expect a downwards day for a B wave within this fourth...
by Lara | Feb 10, 2015 | Gold |
The fourth wave correction drifted slightly higher and was followed by downwards movement, exactly as expected. Summary: Once the lower pink trend line is breached I expect downwards momentum to increase. The short term targets are either 1,228 – 1,224 or 1,199...
by Lara | Feb 3, 2015 | Gold |
Price made a slight new high but failed by a considerable margin to reach the target, which was at 1,299. The trend channel on the Elliott wave hourly chart indicated a trend change, and a third wave down. Summary: A third wave has most likely begun. In the short term...
by Lara | Dec 4, 2014 | Gold |
Sideways movement is exactly what was expected, and it’s not done yet. Summary: The trend at minor degree is up. The sideways correction is incomplete, and should end within the next 24 hours. The invalidation point remains at 1,142.88. The target for minute...
by Lara | Nov 27, 2014 | Gold |
The triangle ended but the thrust out of it was down, not up. The hourly Elliott wave count was invalidated but the Elliott wave count at the daily chart remains valid. Summary: Overall the trend remains up. In the short term a new high above 1,193.99 would provide...
by Lara | Sep 1, 2014 | Gold |
While the US stock market was closed a very small red doji for Monday has not clarified the situation, but this sideways movement does fit the alternate hourly Elliott wave count better than the main hourly wave count. Summary: The alternate hourly wave count has...
by Lara | Aug 2, 2014 | Gold |
Downwards movement was expected to continue to 1,275 to 1,271, but only a slight new low to 1,280.35 was seen before price turned up. A breach of the short term invalidation point on the hourly Elliott wave chart indicates the next wave has begun. Summary: I expect...
