Elliott Wave Gold Technical Analysis by Lara

Elliott Wave Gold Waves and Fractals

 

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GOLD Elliott Wave Technical Analysis – Video – 24th November, 2014

by Lara · November 24th, 2014 · Gold · 1 Comment

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GOLD Elliott Wave Technical Analysis – 24th November, 2014

by Lara · November 24th, 2014 · Gold · 3 Comments

Upwards movement was expected, along with a strong increase in upwards momentum. This is not what happened. Price is moving sideways to complete a small red candlestick for Monday’s session.

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GOLD Elliott Wave Technical Analysis – Video – 21st November, 2014

by Lara · November 22nd, 2014 · Gold · 17 Comments

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GOLD Elliott Wave Technical Analysis – 21st November, 2014

by Lara · November 22nd, 2014 · Gold · 8 Comments

Another green candlestick and a new high fits expectations nicely.

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GOLD Elliott Wave Technical Analysis – Video – 20th November, 2014

by Lara · November 20th, 2014 · Gold · No Comments

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GOLD Elliott Wave Technical Analysis – 20th November, 2014

by Lara · November 20th, 2014 · Gold · 20 Comments

A small green candlestick fits the Elliott wave count. Downwards movement is finding support about the lower edge of the green base channel on the hourly chart.

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GOLD Elliott Wave Technical Analysis – Video – 19th November, 2014

by Lara · November 19th, 2014 · Gold · 4 Comments

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GOLD Elliott Wave Technical Analysis – 19th November, 2014

by Lara · November 19th, 2014 · Gold · 7 Comments

A new low below 1,181.56 confirmed the alternate hourly Elliott wave count. At that stage downwards movement to 1,173 was expected. Price reached 2.18 short of this target before turning up.

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SILVER Elliott Wave Technical Analysis – 18th November, 2014

by Lara · November 19th, 2014 · Silver · 1 Comment

Summary: I expect upwards movement to about 18.812.

Click on charts to enlarge.

Silver daily 2014

This wave count is changed from last publication. If minor wave 1 was over lower and more recently, then it has a better fit.

Ratios within minor wave 1 are: minute wave iii is 0.81 longer than 4.236 the length of minute wave i, and minute wave v is just 0.04 longer than 0.618 the length of minute wave iii.

Minute wave iii has the strongest downwards momentum. Minute wave v ends with an overshoot of the Elliott channel. This impulse has a typical look.

Minor wave 2 is most likely to reach up to the 0.618 Fibonacci ratio of minor wave 1 about 18.812. Minor wave 1 lasted 86 days, just three short of a Fibonacci 89. Minor wave 2 may total a Fibonacci 34 or 55 days. So far it has lasted seven days.

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GDX Elliott Wave Technical Analysis – 18th November, 2014

by Lara · November 19th, 2014 · GDX · No Comments

Movement for the last eight days fits this Elliott wave count perfectly.

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GDX daily 2013

Ratios within minor wave 1 are: there is no Fibonacci ratio between minute waves i and iii, and minute wave v is 0.18 short of 2.618 the length of minute wave i.

Minor wave 1 lasted 83 sessions. I would expect minor wave 2 to last a few weeks. It may last a Fibonacci 13 or 21 sessions, and may end about the 0.382 or 0.618 Fibonacci ratio of minor wave 1, with the 0.618 ratio slightly favoured as this is a second wave correction.

This wave count now matches the new wave count for Gold.

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GOLD Elliott Wave Technical Analysis – Video – 18th November, 2014

by Lara · November 18th, 2014 · Gold · 5 Comments

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GOLD Elliott Wave Technical Analysis – 18th November, 2014

by Lara · November 18th, 2014 · Gold · 4 Comments

Upwards movement has clarified the situation. Yesterday’s alternate is now the main Elliott wave count, and I have to discard the other Elliott wave count because it no longer fits on the hourly chart and is invalid.

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GOLD Elliott Wave Technical Analysis – Video – 17th November, 2014

by Lara · November 17th, 2014 · Gold · No Comments

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