by Lara | Aug 8, 2013 | Gold
Last week’s analysis expected upwards movement from gold for the week. The hourly wave count was invalidated and price has moved lower, remaining above the invalidation point on the daily chart. Downwards movement is most likely a continuation of minor wave B....
by Lara | Aug 1, 2013 | Gold
Last week’s analysis expected upwards movement for the week from gold. Price moved sideways before a sharp spike lower. Price has now turned back upwards. Click on the charts below to enlarge. This daily chart focuses on the new downwards trend of primary wave...
by Lara | Jul 25, 2013 | Gold
Last analysis expected choppy overlapping movement to 1,192.45 or below in the short to mid term. Overall the wave count expected further upwards movement for a fourth wave correction at intermediate degree. Price did not move lower, it moved higher. The most likely...
by Lara | Jul 18, 2013 | Gold
Last analysis expected a little more upwards movement from gold to one of two targets, 1,296 or 1,349, before a short term trend change. The trend change would be confirmed with movement below 1,267.60. Price did move a little higher to 1,300.93, $4.93 above the first...
by Lara | Jul 11, 2013 | Gold
Last week’s analysis of gold expected choppy, overlapping movement for the continuation of an intermediate degree fourth wave correction, which is pretty much what we have seen. It is too early to be certain of what structure is unfolding for intermediate wave...
by Lara | Jul 4, 2013 | Gold
Last week’s analysis of gold expected upwards movement from a low of 1,221.88. Price moved lower first to reach down to 1,180.40, $41.48 below where I had expected the low to be. However, we did not see a trend channel breach on the hourly chart and did not have...
by Lara | Jun 27, 2013 | Gold
Last analysis expected more downwards movement. This is what happened, but price moved lower faster than expected: the target zone I had thought was about six weeks away at 1,232 to 1,216 was met in just one week. Click on the charts below to enlarge. This daily chart...
by Lara | Jun 20, 2013 | Gold
Last analysis expected the completion within one or two days of a small second wave correction and thereafter a trend change to the downside during the week. Downwards movement was expected to show an increase in momentum which is what we have seen in the last 24...
by Lara | Jun 13, 2013 | Gold
Last week’s analysis expected a triangle to complete and a sharp upwards thrust to follow it. The triangle did complete and remained valid as price remained above 1,388.88. The sharp upward thrust did happen but it did not reach the expectation of 1,475. A...
