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:...
by Lara | Jun 19, 2014 | Gold |
Last Elliott wave analysis of Gold expected one more downwards wave of about $27 in length before the upwards trend resumed. This is not what happened. Movement above 1,284.99 invalidated the hourly wave count. Summary: Minor wave A may be close to completion. Upwards...
by Lara | Jun 4, 2014 | Gold |
I had expected upwards movement to a short term target at 1,258 to 1,261. Price has moved sideways and the target is not met. I have a new alternate for you today. Summary: In the short term I expect more sideways movement for another one or two sessions. This...
by Lara | Apr 7, 2014 | Gold |
A little downwards movement was expected, but I had not expected it to be this deep or last this long for the main wave count. However, on the hourly chart the structure looks typical and the wave count has the right look. Both hourly wave counts remain valid. The...
by Lara | Feb 6, 2014 | Gold
I had expected a little more downwards movement to complete a small second wave correction. Price did move lower to complete the correction, but it moved higher first. Downwards movement is finding strong support at the lower edge of the parallel channel as expected....
by Lara | Jan 23, 2014 | Gold |
Yesterday’s analysis expected one or two days of downwards movement towards a target at 1,211.60. We have had only one more day of a little downwards movement which ended at 1,231.69. Summary: This upwards movement is close to an end for the short term and the...
by Lara | Jan 6, 2014 | Gold |
In last analysis both hourly wave counts expected more upwards movement which is what happened. However, upwards movement was followed by a sharp spike below 1,227.11. The targets were not reached. It is at this point the hourly wave counts diverge. Click on the...
