by Lara | Mar 5, 2015 | Gold |
A slight new low below 1,198.39 invalidated the main hourly Elliott wave count and confirmed the alternate hourly Elliott wave count. At that stage a leading diagonal was complete, and I expected it to be followed by a deep second wave correction to find resistance at...
by Lara | Feb 18, 2015 | Gold |
The main Elliott wave count expected a strong upwards day for Wednesday, but this is not what has happened. Summary: It is still more likely that the correction is incomplete, but this has decreased in probability today and should be discarded below 1,196.24. The...
by Lara | Jan 29, 2015 | Gold |
A new low below 1,272.34 has provided the breakout we were waiting for. This invalidates the main Elliott wave count and confirms the Elliott wave alternate counts. Summary: The short term target for this third wave is 1,240. I expect a red candlestick for...
by Lara | Jan 6, 2015 | Gold |
A green candlestick was expected for Tuesday’s session, but the quick sharp second wave correction did not happen. Summary: The trend remains up. It should reach at least to 1,262.94 and it may get there next week. I don’t expect to see a correction on the...
by Lara | Dec 8, 2014 | Gold |
Both the main and alternate hourly Elliott wave counts remain valid. Both expected Monday to begin with upwards movement which has happened. The confirmation / invalidation point to the downside can now be raised. Summary: If the main wave count is correct it should...
by Lara | Nov 22, 2014 | Gold |
Another green candlestick and a new high fits expectations nicely. Summary: I expect to see a strong increase in upwards momentum Monday / Tuesday. The short term target is the same at 1,251. Click on charts to enlarge Primary wave 4 is complete and primary wave 5 is...
by Lara | Nov 13, 2014 | Gold |
Downwards movement was expected and a red candlestick fits the Elliott wave count nicely. Summary: This consolidation phase may continue for another two days, possibly a little longer. Before it is over we should see a false breakout upwards to 1,179 – 1,183....
by Lara | Oct 2, 2014 | Gold |
Sideways movement for all three hourly Elliott wave counts was expected. This correction may still be either a triangle, a flat or a combination. Summary: The correction could be very close to completion if it is a triangle, or it could still be two or three days away...
by Lara | Jul 17, 2014 | Gold |
I had expected one more downwards wave to complete the structure. This is not what happened. Upwards movement does remain below the invalidation point on the hourly chart, but the channel is so significantly breached now that wave count no longer looks right. Summary:...
