by Lara | Aug 5, 2015 | Gold |
Yesterday’s Elliott wave analysis expected the current structure to be over more quickly, but it is taking its time. Summary: The triangle is still completing, taking its time and testing our patience. I am still confident that when it is done the breakout will...
by Lara | Jul 28, 2015 | Gold |
Sideways movement in a small range fits the Elliott wave count very nicely. Summary: A sideways consolidation is very mature; the breakout is now very close and most likely to be downwards. A new low below 1,086.57 would confirm a downwards breakout is underway, the...
by Lara | Jul 17, 2015 | Gold |
Price continues to fall exactly as expected. The Elliott wave count remains the same, and all targets are the same. Summary: Downwards movement should continue. Price is today finding support at the green channel. On the hourly chart, the new red channel may show...
by Lara | Jul 8, 2015 | Gold |
Yesterday’s hourly Elliott wave chart expected an impulse down to end and be followed by another second wave correction to find resistance at the upper edge of a channel. This is what happened, with the exception of a small fourth wave not moving higher first....
by Lara | Jun 29, 2015 | Gold |
Upwards movement to at least a little above 1,178.78 was expected for both Elliott wave counts. Targets were either 1,181 or 1,186 – 1,188. Price moved higher as expected to reach up to just 0.16 above the second target. Summary: It is most likely that downwards...
by Lara | Jun 18, 2015 | Gold |
Again upwards movement was unexpected for the bear Elliott wave count, but for the bull Elliott wave count the target was met. Summary: Both bull and bear wave counts expect downwards movement from here. The bear wave count expects the middle of a third wave down to...
by Lara | Jun 9, 2015 | Gold |
There are four hourly Elliott wave counts today. Confirmation / invalidation points may be used to work with these four Elliott wave counts over the next two days, until we are left eventually with only one count. Summary: For the bull wave count: if minor wave 2 is...
by Lara | May 29, 2015 | Gold |
I have spent some time looking for an alternate bull and / or bear count which could see movement below the invalidation points on the main wave counts. Summary: I cannot yet see an alternate bull wave count which would allow for more downwards movement from here. I...
by Lara | May 13, 2015 | Gold |
Upwards movement for a fifth wave to a short term target at 1,199 was expected. Price moved higher, but has reached well above the target. Summary: I will choose to publish one bull and one bear wave count today for serious consideration. These are the best of several...
