by Lara | Sep 23, 2014 | Gold |
Upwards movement for Tuesday was expected. Movement above the channel on the hourly chart and above 1,228.67 provided confirmation of the Elliott wave count. Summary: Minor wave 4 has begun. Gold has moved into a consolidation phase which should last at least one week...
by Lara | Sep 22, 2014 | Gold
A new low below 1,213.84 invalidated the main hourly wave count. The alternate hourly wave count allowed for downwards movement and had a target range of 1,211 – 1,206. No trend change has yet been confirmed. Summary: The downwards structure now has a better...
by Lara | Sep 21, 2014 | Gold |
Price made a new low and we have another red candlestick which was expected, although price has fallen $2.84 short of the upper edge of the target zone. Summary: It is most likely that minor wave 3 is over, but this is unconfirmed. Movement above 1,228.67 and above...
by Lara | Sep 18, 2014 | Gold |
Since last analysis price has moved sideways to complete a small green candlestick for Thursday’s session (I had expected a red candlestick). The Elliott wave count remains mostly the same and the target is now calculated at three wave degrees. Summary: The...
by Lara | Sep 18, 2014 | US Oil |
Price continued lower as expected, a little. The target of this third wave to end was 85.88. It has likely ended at 90.43, $4.55 short of the target. Summary: In the short term I expect a final fifth wave down to complete minor wave 1. The target is 84.65 which may be...
by Lara | Sep 17, 2014 | Gold |
Downwards movement continues as expected. The target has been passed. The Elliott wave count remains the same. Summary: The structure is incomplete. I expect more downwards movement. The new target for it to end is 1,210 to 1,206 and may be met in 24 to 36 hours....
by Lara | Sep 16, 2014 | Gold |
Another green candlestick was allowed for in the wave count, and upwards movement remains just below the 0.382 Fibonacci ratio on the main hourly Elliott wave chart. Summary: The target for this last wave down to end is now 1,222 to 1,218. I favour the upper edge of...
by Lara | Sep 15, 2014 | Gold
Again, downwards movement continued. With Monday’s session closing on a green candlestick, the wave count is slightly changed. Summary: The third wave is over and the following fourth wave correction has arrived. The target at 1,221 was not met so this fourth...
by Lara | Sep 14, 2014 | GDX
As expected GDX has moved lower. This Elliott wave count looks correct so far. We have some price confirmation with a new low below 25.59. Click charts to enlarge. The clearest piece of movement is the downwards movement from the high. This looks most like a first,...
