by Lara | Jan 22, 2016 | Gold |
Upwards movement was expected. Price moved sideways in a small range to complete a very small red candlestick. Price remains above the invalidation point and is hugging the support line. Summary: The target for the bear wave count remains 1,135. The target for the...
by Lara | Jan 21, 2016 | Silver |
Last week’s Silver analysis expected more sideways movement, which is exactly what has happened. Summary: It is just possible that the correction could be over this week, but this scenario has the lowest probability of all three daily charts. What is more likely...
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...
