by Lara | Feb 28, 2015 | Gold |
Upwards movement was expected, with Friday’s session completing a green candlestick which fits the Elliott wave count. I have a new main and alternate Elliott wave count for you to end the week, and I am more satisfied that the subdivisions and ratios are a...
by Lara | Feb 26, 2015 | Gold |
A new high above 1,211.96 invalidated the main hourly Elliott wave count and confirmed the alternate. Summary: I expect choppy overlapping movement for about five more days (including Friday’s session) to either 1,235 or 1,263, favouring the lower target. Click...
by Lara | Feb 25, 2015 | Gold |
Downwards movement was expected, with a short term upwards correction to end just above 1,210.44 before the downwards trend resumes. Summary: The main wave count expects downwards momentum to begin to increase now, and the target remains at 1,124. A new low below...
by Lara | Feb 24, 2015 | Gold |
Downwards movement and an increase in momentum were expected. Price remains within the lower half of the channel on the hourly chart, but has not managed to make a new low. Summary: I still expect a third wave down is unfolding. The target for it to end is 1,124. The...
by Lara | Feb 23, 2015 | Gold |
A new low below 1,201.61 invalidated the main hourly Elliott wave count and confirmed the alternate. At that stage more downwards movement was expected. Summary: A third wave down is unfolding. The target for it to end is 1,124. The alternate wave count is further...
by Lara | Feb 20, 2015 | Gold |
Upwards movement was expected, but this is not what happened. We have a small red doji completing for Friday’s session. Summary: The main wave count still expects one more day of upwards movement for Monday to 1,243. I have a new alternate which sees a third...
by Lara | Feb 20, 2015 | Silver |
A new low below 17.322 and then 17.201 has invalidated both my alternate Elliott wave counts for Silver (I only published one). This leaves just one Elliott wave count now for Silver. Click chart to enlarge. Minor wave 1 has a good fit. There is perfect alternation...
by Lara | Feb 20, 2015 | GDX |
A slight new low below 20.42 is enough to invalidate the alternate Elliott wave count. For GDX I now have only one Elliott wave count. Click charts to enlarge. GDX does not appear to have sufficient volume for Elliott wave analysis of this market to be reliable. It...
by Lara | Feb 19, 2015 | Gold |
A new high above 1,211.78 confirmed the main hourly Elliott wave count and invalidated the alternate. Summary: I expect overall two more days of upwards movement to 1,243. When this fourth wave correction is done I expect to see a long strong fifth wave down. I am...