by Lara | Jan 30, 2015 | Gold |
Downwards movement did not continue as expected. A new high above 1,272.34 invalidated the Elliott wave count at the hourly chart level. Summary: In the short term I expect upwards movement to end about 1,281 – 1,287. This upwards movement is a deep second wave...
by Lara | Jan 29, 2015 | Gold |
A new low below 1,272.34 has provided the breakout we were waiting for. This invalidates the main Elliott wave count and confirms the Elliott wave alternate counts. Summary: The short term target for this third wave is 1,240. I expect a red candlestick for...
by Lara | Jan 29, 2015 | Silver
Silver does not answer the question: will the breakout for Gold, GDX and Silver be upwards or downwards? Click chart to enlarge. Minor wave 1 has the best fit. Minor wave 2 is here seen as a double zigzag. The structure is incomplete. A new high above 18.486 would not...
by Lara | Jan 29, 2015 | GDX |
GDX has not made a new high, so it too remains range bound. The situation for all three markets, gold, silver, and GDX remains unclear. Click charts to enlarge. For GDX the main and alternate wave counts have exactly the same subdivisions, only the degree of labelling...
by Lara | Jan 28, 2015 | Gold |
I had expected a breakout within the last 24 hours, but price continues sideways in an ever narrowing range. We still need a breakout to tell us which Elliott wave count is correct. Summary: A new high above 1,308.10 would confirm the main wave count and invalidate...
by Lara | Jan 27, 2015 | Gold |
The situation is still unclear. Price needs to break out of this sideways / downwards movement to provide clarity. This should happen within the next 24 hours. Summary: A new high above 1,308.10 would confirm the main wave count and invalidate both alternates. This...
by Lara | Jan 26, 2015 | Gold |
Last Elliott wave analysis stated the situation was unclear. It is still unclear, but we have more information today to assist a decision either way. Summary: Downwards movement with strong momentum favours the two alternates. Price is finding support at the upper...
by Lara | Jan 23, 2015 | Gold |
Downwards movement was expected. The main Elliott wave count is changed substantially today. Summary: The situation is unclear. Use your own judgement in addition to my analysis to decide which wave count you see as most likely. The main wave count expects one final...
by Lara | Jan 22, 2015 | Gold |
A trend change was expected, but price has made a slight new high. At the daily chart the two wave counts are still the same, but I am changing the labelling of this last upwards movement on the hourly chart to fit better with momentum. I have a new daily alternate...