by Lara | Jan 13, 2015 | Gold |
With the market moving higher than expected, I have updated hourly charts for you. We can use the confirmation / invalidation points to show which wave count is correct. Click on charts to enlarge. Main Hourly Wave Count Subminuette wave b is now a 199% correction of...
by Lara | Jan 12, 2015 | Gold |
Some upwards movement was expected, but the target at 1,226 has been passed. The Elliott wave count remains the same, and I have a new alternate for you. Summary: In the short term upwards movement may end at 1,234. Thereafter, the main wave count expects a downwards...
by Lara | Jan 9, 2015 | Gold |
In the short term upwards movement was expected from yesterday’s analysis on the hourly chart. The Elliott wave count remains exactly the same. Summary: Gold is within a consolidation phase which should continue for at least one more day, and most likely longer....
by Lara | Jan 8, 2015 | Gold |
Price moved lower as expected. A small candlestick, which may end as a doji for Thursday’s session, fits the Elliott wave count nicely. Summary: Gold is within a consolidation phase which should continue for at least another two days, and maybe another six days...
by Lara | Jan 8, 2015 | GDX |
I will present only the one wave count for you today. The second alternate from last analysis remains valid for GDX, but it is invalidated for Silver, and has a very low probability so I will not present it today. Click charts to enlarge. I see an incomplete five wave...
by Lara | Jan 8, 2015 | US Oil, US Oil Historical |
This third wave has blitzed all targets so far, and the structure is incomplete. Summary: The next possible point for this to end is about 44.43. A new high above 57.14 would provide price confirmation that the downwards fall is over for the mid term. Click on charts...
by Lara | Jan 8, 2015 | Gold |
I had expected another green candlestick for Wednesday’s session which is not what happened. The Elliott wave count at the hourly chart level has changed again, but the picture at the daily chart level remains the same. I have confidence in the overall expected...
by Lara | Jan 6, 2015 | Gold |
A green candlestick was expected for Tuesday’s session, but the quick sharp second wave correction did not happen. Summary: The trend remains up. It should reach at least to 1,262.94 and it may get there next week. I don’t expect to see a correction on the...
by Lara | Jan 5, 2015 | Gold |
Upwards movement was expected. The target remains the same. Summary: I expect upwards movement for this week. In the short term look out for a quick sharp second wave correction, after which upwards momentum should increase. I expect a green candlestick for...
