by Lara | Mar 31, 2015 | Gold |
Downwards movement for the short term was expected to 1,177. Price moved lower to reach 1,178.59. Summary: The short term outlook is unclear. Only a new high above 1,219.99 would confirm minor wave 2 as over and minor wave 3 as underway. If minor wave 2 continues...
by Lara | Mar 30, 2015 | Gold |
Downwards movement was again expected. Summary: Downwards movement should continue for Tuesday to complete another red candlestick. A short term target is at 1,177. Wednesday may see some upwards movement for a B wave within this correction which may produce a small...
by Lara | Mar 28, 2015 | Gold |
Downwards movement was expected. Friday closed with a small red candlestick fitting both Elliott wave counts nicely. Summary: Downwards movement should continue next week. The lower volume for Friday supports the main wave count which expects a correction to 1,172...
by Lara | Mar 26, 2015 | Gold |
Upwards movement was expected, but the target at 1,204 was comfortably exceeded by 15.99. Summary: I expect a short term correction for the main wave count; minor wave 2 may have begun and the target is at 1,172. This trend change is unconfirmed though, so the channel...
by Lara | Mar 25, 2015 | Gold |
The small triangle completed, as expected, and was followed by more upwards movement as expected. I can now calculate a final target for you. Summary: The trend remains up at minor, intermediate, primary and cycle degrees for the main wave count. The target for...
by Lara | Mar 24, 2015 | Gold |
The target for upwards movement in the short term, expected to be reached today, was 1,203 – 1,205. Price has only managed to move very slightly higher to 1,195.12. Summary: The new main wave count expects the trend is up at cycle, primary, intermediate and...
by Lara | Mar 24, 2015 | Silver, Silver Historical
I have a new Elliott wave count for Silver which is in line with Gold. I will let the Gold analysis lead Silver and GDX, not the other way around, so the new wave count is the main wave count. Charts only today. Click charts to enlarge. Main Wave Count If cycle wave a...
by Lara | Mar 24, 2015 | GDX |
I have a new bullish Elliott wave count for GDX for you. The bearish Elliott wave count will be an alternate, in line with Gold. Click charts to enlarge. GDX does not appear to have sufficient volume for Elliott wave analysis of this market to be reliable. It exhibits...
by Lara | Mar 23, 2015 | Gold |
The target for upwards movement to end was at 1,191 – 1,193. So far price has reached up to 1,191.72. Summary: Monday’s candlestick is closing outside of the base channel, so as warned I must swap the wave counts over. The main wave count expects more...