by Lara | Dec 4, 2014 | Gold |
Sideways movement is exactly what was expected, and it’s not done yet. Summary: The trend at minor degree is up. The sideways correction is incomplete, and should end within the next 24 hours. The invalidation point remains at 1,142.88. The target for minute...
by Lara | Dec 3, 2014 | Gold |
Sideways movement was allowed for, and expected as about 50% likely. This slightly clarifies the situation for the short term. Summary: The trend at minor degree is up. At this stage I expect sideways choppy movement for another 24 hours before the next strong upwards...
by Lara | Dec 2, 2014 | Gold |
I had expected a little more upwards movement to complete a first wave, and thereafter a second wave to begin downwards. The first wave was actually complete at last analysis, and this red candlestick on the daily chart is the second wave which follows it. Summary: A...
by Lara | Dec 2, 2014 | Silver |
Downwards movement invalidated both daily Elliott wave counts, published two days ago. This Elliott wave count is updated and still expects upwards movement. Click on chart to enlarge. At 18.430 minute wave iii would reach 2.618 the length of minute wave i. This is...
by Lara | Dec 1, 2014 | Gold |
At end of week analysis the main Elliott wave count expected a little downwards movement to a target at 1,162 – 1,159, before a third wave up began. Price moved lower, reaching 16.12 below the target but remaining above the invalidation point at 1,131.09....
by Lara | Nov 30, 2014 | Silver |
Last Elliott Wave analysis of Silver expected upwards movement which is what has happened. This correction is incomplete. I have a new alternate daily wave count for you. Click on charts to enlarge. If intermediate wave (C) is incomplete then only minor wave 1 within...
by Lara | Nov 28, 2014 | Gold |
Because some members are concerned (with good reason) that the main Elliott wave count may be wrong and that Gold may plummet lower next week invalidating it, I have considered what if this happens. What would that wave count look like? Below is my alternate for this...
by Lara | Nov 28, 2014 | Gold |
Both hourly Elliott wave counts were invalidated by downwards movement. The Elliott wave count at the daily chart level remains almost the same. And I have confidence in my labelling of intermediate wave (1) as over and intermediate wave (2) as incomplete. Summary:...
by Lara | Nov 27, 2014 | Gold |
The triangle ended but the thrust out of it was down, not up. The hourly Elliott wave count was invalidated but the Elliott wave count at the daily chart remains valid. Summary: Overall the trend remains up. In the short term a new high above 1,193.99 would provide...
