by Lara | May 31, 2014 | NZDUSD |
Click on charts to enlarge. The first thing I have some confidence in for this wave count is the structure of primary wave 1 downwards as a five. This indicates a trend change at the high of 0.88435. Primary wave 1 subdivides as a leading expanding diagonal (albeit...
by Lara | May 31, 2014 | Silver |
Price has moved sideways which fits both wave counts for Silver. I am today swapping over my main and alternate wave counts for Silver to be in line with what I expect to see for Gold. However, the alternate wave count below could still be correct. Silver made a new...
by Lara | May 31, 2014 | Gold |
Again I had expected to see a doji or green candlestick for Friday’s session. This is not what happened. I now expect the second wave correction is over, without showing up on the daily chart clearly. Summary: The short term target for Monday / Tuesday is 1,204....
by Lara | May 29, 2014 | Gold |
I had expected to see a green candlestick for Thursday’s session, but price has moved a little lower. I have two wave counts for you today. Summary: The second wave correction still must complete. It has most likely begun. I will expect a green candlestick for...
by Lara | May 29, 2014 | US Oil |
Last analysis expected that upwards movement was over and price should move lower. Price moved higher first, but remains below the invalidation point. Since reaching a high at 104.49 price has turned downwards. Summary: I expect that upwards movement is over for now....
by Lara | May 28, 2014 | Gold |
The short term target was 1,256. Price reached down to 1,256.06, so far. The wave count is unchanged. Summary: I expect to see some upwards movement to complete a second wave correction at 1,273. This may complete a green candlestick for Thursday’s session. The...
by Lara | May 27, 2014 | Gold
Finally we have the breakout we were expecting, and as expected it is to the downside. Movement below the lower triangle trend line and below 1,283.43 has confirmed this. Summary: The short term target is 1,256 for the first five down to end. Once this is complete I...
by Lara | May 27, 2014 | Gold |
With markets closed in the US for Memorial Day Gold has had a very quiet day, completing a small B wave triangle. The wave count remains the same. Summary: I expect to see a break to the downside by the middle of this week. Movement below 1,283.43 would indicate a...
by Lara | May 26, 2014 | GDX |
The structure of the daily chart for GDX looks remarkably similar to Gold. This wave count supports the current wave count for Gold. Click charts to enlarge. The clearest piece of movement is the downwards movement from the high. This looks most like a first, second...