by Lara | Feb 5, 2016 | Gold |
A small fourth wave correction unfolded as expected, reaching down to 1,145.2, into the target zone which was 1,145.4 – 1,137.29. Thereafter, upwards movement continued as expected. Summary: The trend is up. In the short term, another fourth wave correction may...
by Lara | Jan 12, 2016 | Gold |
Another downwards day on lighter volume fits the Elliott wave count. Summary: The fourth wave correction is not over. Price should remain above 1,081.57. Within the correction, an upwards swing should now begin to reach resistance. It may make a new high above...
by Lara | Jan 11, 2016 | Gold |
Price behaved exactly as expected. Overall, lower movement for an inside day continues the fourth wave correction that Gold is currently in. Summary: More sideways movement is expected for a few days yet. It is possible Gold may make a new high above 1,112.19 in the...
by Lara | Mar 24, 2015 | Gold |
The target for upwards movement in the short term, expected to be reached today, was 1,203 – 1,205. Price has only managed to move very slightly higher to 1,195.12. Summary: The new main wave count expects the trend is up at cycle, primary, intermediate and...
by Lara | Mar 12, 2015 | Gold |
Another red candlestick was expected for Thursday’s session. The session is close to ending, and so far the candlestick remains red. Summary: A small fourth wave correction is either over or may continue slightly higher / sideways. In the very short term a new...
by Lara | Jan 22, 2015 | Gold |
A trend change was expected, but price has made a slight new high. At the daily chart the two wave counts are still the same, but I am changing the labelling of this last upwards movement on the hourly chart to fit better with momentum. I have a new daily alternate...
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...
