by Lara | Apr 9, 2015 | Gold |
Yesterday’s Elliott wave analysis expected it was extremely likely price would move higher, although confirmation was required by a channel breach on the hourly chart and a new high above 1,206.49. We did not get confirmation of a trend change and price moved...
by Lara | Mar 30, 2015 | Gold |
Downwards movement was again expected. Summary: Downwards movement should continue for Tuesday to complete another red candlestick. A short term target is at 1,177. Wednesday may see some upwards movement for a B wave within this correction which may produce a small...
by Lara | Mar 23, 2015 | Gold |
The target for upwards movement to end was at 1,191 – 1,193. So far price has reached up to 1,191.72. Summary: Monday’s candlestick is closing outside of the base channel, so as warned I must swap the wave counts over. The main wave count expects more...
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...
