by Lara | Jan 21, 2016 | Gold |
A correction was expected. A likely place for it to end was at 1,093. Price moved lower to reach 1,092.4 and turned up from there. Summary: Upwards movement should now increase in momentum. A new high above 1,112.19 is expected. The target for the bear wave count...
by Lara | Jan 20, 2016 | Gold |
Upwards movement was expected from both Elliott wave counts. Summary: Both wave counts expect more upwards movement this week to make a new high above 1,112.19. The main bear wave count requires upwards movement to a minimum at 1,125.13. The target for the alternate...
by Lara | Jan 19, 2016 | GDX |
Elliott wave charts only today. MONTHLY ELLIOTT WAVE COUNT Click chart to enlarge. DAILY ELLIOTT WAVE COUNT Click chart to enlarge. ALTERNATE ELLIOTT WAVE COUNT Click chart to enlarge. Although this is labelled as an alternate, I will not favour either wave...
by Lara | Jan 19, 2016 | Gold |
Sideways movement remains above the invalidation point on the hourly chart. The short term Elliott wave count is changed slightly. The longer term picture is the same. Summary: Both wave counts expect upwards movement this week to make a new high above 1,112.19. The...
by Lara | Jan 18, 2016 | US Oil, US Oil Historical |
Downwards movement continues exactly as expected for US Oil. Summary: Oil is in a fifth wave to end a third wave impulse. Commodities often exhibit swift strong fifth waves, particularly fifth waves to end their third waves. The target remains the same at 29.21. At...
by Lara | Jan 18, 2016 | Gold |
Downwards movement was expected to end soon and be followed by upwards movement. There was no more downwards movement. Price turned and moved higher. Summary: Both wave counts expect upwards movement this week to make a new high above 1,112.19. The main bear wave...
by Lara | Jan 15, 2016 | Gold |
Downwards movement was expected to end soon and be followed by upwards movement. There was no more downwards movement. Price turned and moved higher. Summary: Both wave counts expect upwards movement next week to make a new high above 1,112.19. The main bear wave...
by Lara | Jan 14, 2016 | Gold |
The main Elliott wave count expected overall downwards movement to end within a range of 1,076.7 – 1,068.64. Price is now within that range. Summary: Both wave counts expect this downwards move to end soon and be followed by a upwards movement to new highs. The...
by Lara | Jan 14, 2016 | Silver |
Last week’s Silver analysis expected a sideways correction to continue. Sideways movement for the week fits the overall idea that price is in a correction. Summary: The correction is still not over. More sideways movement for a few more days is expected for...