by Lara | Oct 10, 2014 | Gold |
Downwards movement was not expected. I had expected upwards movement to show an increase in momentum. Summary: This third wave up should still show a further increase in momentum. The short term target which should be met within a couple of days is 1,245. The mid term...
by Lara | Oct 9, 2014 | Gold |
Upwards movement continues as expected. I have a new alternate Elliott wave count for you to consider today. Summary: This third wave up should show a further increase in momentum. The target remains at 1,243. Click on charts to enlarge. Main Wave Count On the weekly...
by Lara | Oct 9, 2014 | Silver
Downwards movement continued a little lower for a fifth wave. I expect now that minor wave 1 is over and minor wave 2 has just begun four days ago. Click on charts to enlarge. Downwards movement subdivides so far as an incomplete double zigzag. This cannot be an...
by Lara | Oct 9, 2014 | GDX |
As expected GDX has moved lower. The target for minute wave iii to end was 22.32 and I expected it to be met one to two weeks after last analysis. It looks like it may have ended at 22.02 one and a half weeks after last analysis. I expect a little sideways movement to...
by Lara | Oct 8, 2014 | Gold |
Last Elliott wave analysis expected a little downwards movement which is not what happened. Upwards movement continued, and a new high above 1,219.14 has invalidated the alternate wave count. I have just the one Elliott wave count for you today. Summary: Gold is...
by Lara | Oct 7, 2014 | Gold
Upwards movement was expected for the main Elliott wave count, which is judged to be about 55-60% likely. The alternate Elliott wave count remains valid, but has slightly reduced in probability today. Summary: Intermediate wave (2) has most likely begun and a new high...
by Lara | Oct 6, 2014 | Gold
Downwards movement continued for a little, which as expected, and was followed by a deep upwards movement which was also expected for minute wave ii (as labeled in last Elliott wave analysis). I have two wave counts for you today. Summary: Intermediate wave (1) may be...
by Lara | Oct 3, 2014 | Gold |
The correction is over and the breakout was downwards as expected. Summary: The target for minor wave 5 to end is at 1,154. If this target is wrong it may be too low. Update: It has occurred to me that often movements following the completion of a triangle are...
by Lara | Oct 2, 2014 | Gold |
Sideways movement for all three hourly Elliott wave counts was expected. This correction may still be either a triangle, a flat or a combination. Summary: The correction could be very close to completion if it is a triangle, or it could still be two or three days away...
