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...
by Lara | Jun 6, 2013 | Gold |
Last week’s analysis had two wave counts. The main wave count was invalidated with movement above 1,402.23. The alternate wave count expected more upwards movement for a fourth wave correction at minor degree. This week I have just the one wave count for you....
by Lara | May 30, 2013 | Gold
Last week’s gold analysis expected downwards movement towards a target at 1,329. Price has not moved lower, but nor has it moved above the invalidation point at 1,419.78. Price has moved sideways for the week. Sideways movement looks like a contracting triangle....
by Lara | May 23, 2013 | Gold
Last week’s analysis had a short term target on the hourly chart at 1,357 for micro wave 3. Price fell short of this target by 12.78 before a small fourth wave correction, then continued lower to complete a fifth wave. The following fourth wave correction has...
by Lara | May 16, 2013 | Gold
Last week’s analysis of gold expected downwards movement to a target for the week at 1,416. So far price has reached 28.74 below the target. Price is on track to meet the first target on the daily chart at 1,276. Click on the charts below to enlarge. This daily...
by Lara | May 9, 2013 | Gold
Last week’s analysis of gold expected downwards movement. We have seen some downwards movement, but before price moved lower a breach of 1,485.49 invalidated the hourly wave count. Price remains below the invalidation point on the daily wave count. I have...
by Lara | May 2, 2013 | Gold
Last week’s analysis expected price to continue to rise to a short term target at 1,451. Price did move higher but has exceeded the target by $34.49. The channel on the hourly chart has remained very useful. While price continued higher it remained within the...
by Lara | Apr 25, 2013 | Gold
Last analysis of gold expected it was likely that a fourth wave correction was over and price should move lower. However, it was also stated that without a clear five down and a new low we could not eliminate the possibility that the fourth wave correction may...
