by Lara | Dec 26, 2014 | Gold |
Upwards movement was expected. The main Elliott wave count is confirmed, and the alternate Elliott wave count which was judged to have a very low probability was invalidated. Summary: A third wave up is confirmed. The target for it to end is at 1,278. Click on charts...
by Lara | Dec 24, 2014 | Gold |
Christmas Eve was quiet, as expected, with a small red candlestick. Price remains above the invalidation point on the main hourly Elliott wave chart, which has increased in probability. Summary: It is most likely a third wave up has just begun. First confirmation will...
by Lara | Dec 23, 2014 | Gold |
Sideways movement is completing a small red doji for Tuesday’s session. Downwards movement fell 8.83 short of the target. Summary: It is most likely a third wave up has just begun. First confirmation will come with a clear breach of the orange channel on the...
by Lara | Dec 22, 2014 | Gold |
As expected price broke out of the sideways range with a downwards thrust. The target can now be calculated. Summary: Downwards movement should be close to completion. The target is at 1,162. Thereafter, the next move for Gold should be a strong third wave up, which...
by Lara | Dec 19, 2014 | Gold |
Sideways movement in a very small range fits the Elliott wave count. This correction is taking a little longer. Summary: A triangle is coming to an end on the hourly chart. When it is done Gold should break out downwards to move at least to 1,172, and likely below...
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 | Silver |
One chart only this week. Click chart to enlarge.
