by Lara | Sep 17, 2014 | Gold |
Downwards movement continues as expected. The target has been passed. The Elliott wave count remains the same. Summary: The structure is incomplete. I expect more downwards movement. The new target for it to end is 1,210 to 1,206 and may be met in 24 to 36 hours....
by Lara | Sep 16, 2014 | Gold |
Another green candlestick was allowed for in the wave count, and upwards movement remains just below the 0.382 Fibonacci ratio on the main hourly Elliott wave chart. Summary: The target for this last wave down to end is now 1,222 to 1,218. I favour the upper edge of...
by Lara | Sep 15, 2014 | Gold
Again, downwards movement continued. With Monday’s session closing on a green candlestick, the wave count is slightly changed. Summary: The third wave is over and the following fourth wave correction has arrived. The target at 1,221 was not met so this fourth...
by Lara | Sep 14, 2014 | Silver, Silver Historical |
At this stage I expect Silver should end this first wave down next week. The short term target is 18.335. Thereafter, a second wave correction should unfold which may be very deep. Click on charts to enlarge. Downwards movement subdivides so far as an incomplete...
by Lara | Sep 13, 2014 | Gold, Gold Historical |
Downwards movement continued as expected from last Elliott wave analysis. I have a new alternate wave count for you which differs at the weekly and daily chart level. Summary: Downwards movement is incomplete. The short term target is 1,221 where a fourth wave...
by Lara | Sep 11, 2014 | Gold |
Although the short term target was too high, the second hourly Elliott wave count was more correct. I have just the one daily Elliott wave count and now one hourly Elliott wave count for you today. Summary: Downwards movement is incomplete. The short term target is...
by Lara | Sep 10, 2014 | Gold |
Another downwards day and another red candlestick was expected. The short term target was not met with price $2.73 short of the target. The Elliott wave count remains the same. Summary: We may see a small fourth wave correction begin here to last a day or two, or...
by Lara | Sep 9, 2014 | Gold
Price has moved lower which was expected, but the short term target was not met. The wave count remains mostly the same; targets remain the same. Summary: The short term target at 1,241 should be met within 24 hours now. Thereafter, a small upwards correction may last...
by Lara | Sep 8, 2014 | Gold |
Downwards movement continues as expected. Upwards corrections are finding resistance at the upper edge of the small green channel on the hourly chart, as expected. The Elliott wave count remains the same. Summary: The short term target at 1,241 may be met within 24...
