by Lara | Feb 4, 2015 | Gold |
Just one quick Elliott wave hourly chart to update most recent movement. Minuette wave (ii) is moving a little higher, and it is not quite complete. At 1,275 micro wave C within the second zigzag of this double would reach equality in length with micro wave A. This...
by Lara | Feb 4, 2015 | Gold |
More upwards movement was allowed for and has remained below the invalidation point and trend line on the Elliott wave hourly chart. Summary: I am expecting the middle of a third wave has most likely just begun. The target for it to end is at 1,223. The targets for...
by Lara | Jan 29, 2015 | Gold |
A new low below 1,272.34 has provided the breakout we were waiting for. This invalidates the main Elliott wave count and confirms the Elliott wave alternate counts. Summary: The short term target for this third wave is 1,240. I expect a red candlestick for...
by Lara | Jan 29, 2015 | Silver
Silver does not answer the question: will the breakout for Gold, GDX and Silver be upwards or downwards? Click chart to enlarge. Minor wave 1 has the best fit. Minor wave 2 is here seen as a double zigzag. The structure is incomplete. A new high above 18.486 would not...
by Lara | Jan 29, 2015 | GDX |
GDX has not made a new high, so it too remains range bound. The situation for all three markets, gold, silver, and GDX remains unclear. Click charts to enlarge. For GDX the main and alternate wave counts have exactly the same subdivisions, only the degree of labelling...
by Lara | Jan 28, 2015 | Gold |
I had expected a breakout within the last 24 hours, but price continues sideways in an ever narrowing range. We still need a breakout to tell us which Elliott wave count is correct. Summary: A new high above 1,308.10 would confirm the main wave count and invalidate...
by Lara | Jan 26, 2015 | Gold |
Last Elliott wave analysis stated the situation was unclear. It is still unclear, but we have more information today to assist a decision either way. Summary: Downwards movement with strong momentum favours the two alternates. Price is finding support at the upper...
by Lara | Jan 23, 2015 | Gold |
Downwards movement was expected. The main Elliott wave count is changed substantially today. Summary: The situation is unclear. Use your own judgement in addition to my analysis to decide which wave count you see as most likely. The main wave count expects one final...
by Lara | Jan 22, 2015 | Silver |
Charts only today. Click chart to enlarge.
