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...
by Lara | Dec 17, 2013 | Gold |
Yesterday’s main wave count expected downwards movement which is what has happened. The alternate wave count probability has been further reduced. Click on the charts below to enlarge. Main Wave Count. Gold is still within a large fourth wave correction at...
by Lara | Dec 3, 2013 | Gold |
Yesterday’s short term target was at 1,212 for the end of a fifth wave. Downwards movement ended at 1,215.36, 3.36 short of the target. The structure looks complete. The wave count is unchanged from yesterday. Click on the charts below to enlarge. Gold is still...
by Lara | Oct 18, 2013 | Gold |
Yesterday I published a new alternate. I had been searching for a viable bullish wave count to align with my wave count for silver. Today I will publish both this alternate and the main wave count. I do not favour either, and the invalidation / confirmation point is...
by Lara | Sep 12, 2013 | Gold |
Yesterday’s analysis expected upwards movement. Price has moved sideways in a small range. This lack of upwards movement has made me take another look at the bigger picture, and I have adjusted my alternate wave count accordingly today. At this stage the...
by Lara | Sep 10, 2013 | Trading Tips |
Upon first hearing about the Elliott wave principle most people have one of two reactions. Many will disclaim the concept that it is social mood which moves the markets (it’s normal to think it’s the other way around) and they will insist that the market...
