by Lara | Dec 17, 2014 | Gold |
A new low below 1,187.25 has invalidated the first alternate and confirmed the main Elliott wave count. I will not again publish the second alternate wave count because its probability is too low. Summary: Downwards movement should continue to 1,167. If it completes...
by Lara | Nov 28, 2014 | Gold |
Because some members are concerned (with good reason) that the main Elliott wave count may be wrong and that Gold may plummet lower next week invalidating it, I have considered what if this happens. What would that wave count look like? Below is my alternate for this...
by Lara | Oct 18, 2014 | Gold
Downwards movement breached the first invalidation point on the hourly chart, but remained above the second invalidation point and found support at the lower edge of the channel. Summary: Monday should complete a green candlestick on the daily chart. The target for...
by Lara | Sep 9, 2014 | Gold
Price has moved lower which was expected, but the short term target was not met. The wave count remains mostly the same; targets remain the same. Summary: The short term target at 1,241 should be met within 24 hours now. Thereafter, a small upwards correction may last...
by Lara | Aug 23, 2014 | Gold |
Upwards movement was expected for both the main and alternate Elliott wave counts of last analysis. I am adjusting my analysis of most recent movement, and this makes a difference to the confirmation/invalidation point and expectation of when we may have clarity....
by Lara | Aug 9, 2014 | Gold |
Last Elliott wave analysis expected some downwards movement before more upwards movement, but this is not what happened. Price moved higher before turning lower to complete a red doji candlestick for Friday’s session. This changes the wave count slightly, but...
by Lara | Jul 3, 2014 | Gold |
The hourly wave count was invalidated with movement below 1,310.43. As stated in yesterday’s Elliott wave analysis a breach of this invalidation point may be significant at primary wave degree. Summary: At this stage I expect it is likely primary wave 5...
by Lara | Jun 5, 2014 | Gold |
Upwards movement fits the main wave count and invalidated the alternate hourly wave count. Summary: A third wave down may begin from here. The target is 1,206. Movement below 1,241.16 would confirm the third wave has begun; only below that point will I have any...
by Lara | Apr 24, 2014 | Gold |
Price whipsawed to breach the invalidation points on both hourly wave counts. The situation is still unclear. Summary: In the short term I expect to see some more upwards movement. It may end about 1,308 or it may continue higher. If we see a new high above 1,331.29...
