by Lara | Apr 20, 2015 | Gold |
I still have four Elliott wave counts for you, with altered hourly charts. The short term expected at least some downwards movement for all four wave counts, which is what happened, but only after a very slight new high was made. Summary: Gold remains in a sideways...
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...
