by Lara | Jan 30, 2014 | Gold |
I expected downwards movement for Thursday’s session which is what happened. The short and mid term targets have not yet been met and remain the same. Summary: A third wave is underway and may have just passed the middle. The short term target remains at 1,224...
by Lara | Jan 30, 2014 | Silver |
At the daily chart level it looks like minute wave ii is incomplete and found resistance at the upper edge of the channel. I would expect a little more downwards movement overall to complete an ending contracting diagonal, which should be followed by overall upwards...
by Lara | Jan 29, 2014 | GDX |
The data for this market has many gaps, and the structures are not entirely typical looking Elliott wave structures. Although there are some Fibonacci ratios, they are not as prevalent as ratios within Gold. I am only able to import daily data, and I cannot check...
by Lara | Jan 29, 2014 | Gold |
Yesterday’s analysis expected more downwards movement which is not what happened. Movement above 1,261.92 invalidated the hourly wave counts. Summary: The hourly wave count which expects more downwards movement for a few days still has the highest probability of...
by Lara | Jan 29, 2014 | US Oil
Last analysis of US Oil on 17th December, 2013 expected more upwards movement towards a target at 103.21 to 104.42. Price moved higher as expected, but fell short of the target reaching only to 100.76. The wave count remains the same. Click on the charts below to...
by Lara | Jan 28, 2014 | Gold |
Yesterday’s analysis expected more downwards movement which is exactly what has happened. Summary: Price should continue to move lower overall with an increase in downwards momentum. The short term target at 1,217 may be met in one day, and the short / mid term...
by Lara | Jan 27, 2014 | Gold
Both hourly wave counts were invalidated: first the alternate with upwards movement, and following that the main with downwards movement. The structure of the last upwards wave on the hourly chart is now clear and complete. The current downwards wave is incomplete....
by Lara | Jan 24, 2014 | Gold |
Yesterday the main hourly wave count expected more upwards movement towards a short term target at 1,270. Price has reached up to 1,272.71 but breached the parallel channel on the hourly chart with downwards movement first. Summary: The situation is still unclear, but...
by Lara | Jan 23, 2014 | Gold |
Yesterday’s analysis expected one or two days of downwards movement towards a target at 1,211.60. We have had only one more day of a little downwards movement which ended at 1,231.69. Summary: This upwards movement is close to an end for the short term and the...