by Lara | Dec 18, 2014 | Gold |
Downwards movement was expected, but this is not what happened. However, upwards movement was allowed for and has not breached the invalidation point on the hourly Elliott wave chart. Summary: This upwards movement has meant the target is recalculated. It is now at...
by Lara | Dec 17, 2014 | Gold |
A new low below 1,187.25 has invalidated the first alternate and confirmed the main Elliott wave count. I will not again publish the second alternate wave count because its probability is too low. Summary: Downwards movement should continue to 1,167. If it completes...
by Lara | Dec 16, 2014 | Gold |
A little more downwards movement takes this move into its fifth day. I am swapping the Elliott wave counts over. Yesterday’s alternate is now the main preferred wave count. This is in line with GDX and Silver. Summary: The bigger picture remains the same, but a...
by Lara | Dec 16, 2014 | GDX |
One chart only this week. Click chart to enlarge. Main Wave Count
by Lara | Dec 16, 2014 | Silver |
One chart only this week. Click chart to enlarge.
by Lara | Dec 15, 2014 | Gold |
Downwards movement breached the invalidation point on the hourly Elliott wave chart, and has now breached the aqua blue trend line on the daily Elliott wave chart slightly. Neither of these situations was what was expected. Summary: This second wave correction is...
by Lara | Dec 12, 2014 | Gold |
Downwards movement is finding support perfectly at the aqua blue trend line on the daily chart. The Elliott wave count remains valid and the same. Summary: I expect a short sharp upwards thrust on Monday to 1,247. If this target is wrong it may be too low. Click on...
by Lara | Dec 12, 2014 | US Oil, US Oil Historical |
Intermediate wave (3) down should continue to 54.05. Summary: A third wave is underway. Corrections are brief and shallow. The new target is at 54.05. Only a clear breach of the pink channel on the daily chart would indicate that the downwards trend is being...
by Lara | Dec 11, 2014 | Gold |
A new low below 1,221.34 invalidated the alternate hourly Elliott wave count and confirmed the main Elliott wave count. Summary: Gold should be entering a third wave, of a third wave, of a third wave up. Upwards momentum should increase strongly. The short term target...