by Lara | Apr 30, 2015 | Gold |
Two Elliott wave counts expected downwards movement to 1,197 to 1,200. The alternate bear Elliott wave count expected the start of a strong third wave down. Price has moved strongly lower. All three Elliott wave counts remain valid. Summary: The wave counts now...
by Lara | Apr 29, 2015 | GDX |
I have two wave counts for GDX today. I favour neither. Charts only today. Click charts to enlarge. GDX does not appear to have sufficient volume for Elliott wave analysis of this market to be reliable. It exhibits truncations readily, and often its threes look like...
by Lara | Apr 29, 2015 | Gold |
A small down day has not breached any invalidation points. All three Elliott wave counts remain valid. Summary: In the short term I expect at least a little more downwards movement to 1,200 – 1,197. It is possible that the small down day for Wednesday is the...
by Lara | Apr 29, 2015 | NZDUSD |
My Elliott wave and traditional TA analysis of NZDUSD: Click on chart to enlarge. Elliott Wave Analysis Trend Line Analysis Technical Analysis: Moving Average + ADX + MACD
by Lara | Apr 29, 2015 | US Oil, US Oil Historical |
While Gold may be in a consolidation phase and difficult to analyse, US Oil has been behaving exactly as expected. Summary: The corrective structure is now clearer. The higher target zone of 59.07 – 61.57 is almost reached. The structure is incomplete. The...
by Lara | Apr 28, 2015 | Gold |
Upwards movement continued which fits the bullish alternate Elliott wave count. A new high above 1,210.88 indicated a third wave up may be underway. Summary: Gold is still within the sideways consolidation range it has been in since 27th March. The situation is still...
by Lara | Apr 27, 2015 | Gold |
Upwards movement was unexpected and invalidated both hourly Elliott wave counts. At the daily chart level they both remain valid. I have a new Elliott wave count today. Summary: The main bull and the bear wave counts both expect downwards movement. The new bullish...
by Lara | Apr 24, 2015 | Gold |
A new low below 1,184.04 has invalidated two Elliott wave counts, leaving now only two valid Elliott wave counts. Summary: Gold is breaking out to the downside. Only wave counts 2 and 4 remain, which I will now label bull and bear respectively. A short term target for...
by Lara | Apr 23, 2015 | Gold |
Three of four Elliott wave counts had a short term target at 1,184.81. Price moved lower to reach 1,184.45 then turned up as expected. All four Elliott wave counts remain valid. I am changing wave count 2 substantially. Summary: Gold remains in a sideways...