by Lara | Oct 22, 2014 | Gold |
Today the situation is remarkably unclear, even after about two weeks of confidence with this second Elliott wave correction. I have three scenarios for you today. Summary: It is most likely that this second wave correction is incomplete. If price breaks above...
by Lara | Oct 21, 2014 | Gold |
Upwards movement continues as expected. The double zigzag structure is now the only Elliott wave count I have for you. Summary: The target for upwards movement to end is a small zone: 1,277 – 1,281. It looks like the target may now be met in four more trading...
by Lara | Oct 21, 2014 | US Oil, US Oil Historical |
The target at 84.65 was comfortably passed and the structure is incomplete. Summary: The new target for this wave to end is 79.67 – 78.15, which may be met within one to two weeks. Click on charts to enlarge. The bigger picture sees US Oil in a super cycle...
by Lara | Oct 20, 2014 | Gold
Upwards movement continues as expected. The double zigzag structure is even more likely and has the best fit. Summary: The target for upwards movement to end is a small zone: 1,277 – 1,281. It looks like the target may now be met in either two or five more...
by Lara | Oct 18, 2014 | Gold
Downwards movement breached the first invalidation point on the hourly chart, but remained above the second invalidation point and found support at the lower edge of the channel. Summary: Monday should complete a green candlestick on the daily chart. The target for...
by Lara | Oct 16, 2014 | Gold
The short term target for a little downwards movement was at 1,232. Price moved mostly sideways, and slightly lower, falling 3.46 short of the target and taking longer to do so than expected. Summary: Upwards movement is incomplete. At this stage I expect it is quite...
by Lara | Oct 15, 2014 | Gold
The target for a little downwards movement was 1,222. Price reached 1,221.95 and then turned, as expected from the preferred hourly Elliott wave count. Summary: Upwards movement is incomplete. At this stage I expect it is quite likely to end about 1,281, in about one...
by Lara | Oct 15, 2014 | Gold |
Upwards movement was expected to reach 1,243 – 1,245. Price fell 4.64 short of the target before turning downwards. Summary: Downwards movement should continue a little further to 1,222, although it may move lower than this. Click on charts to enlarge. Main Wave...
by Lara | Oct 13, 2014 | Gold
Upwards movement continues as expected. Momentum has not yet shown an increase, and both hourly Elliott wave counts are still valid. Summary: Upwards movement should continue in the short term to about 1,243 – 1,245. Thereafter, we may see a few days of...
