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...
by Lara | Dec 31, 2014 | Gold |
The alternate Elliott wave count was confirmed with a new low below 1,190.96. The main Elliott wave count was invalidated, and will now be discarded. Summary: Downwards movement continues to find support at the pink ii-iv trend line. An upwards wave should begin from...
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 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 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.
by Lara | Dec 12, 2014 | US Oil, US Oil Historical |
Intermediate wave (3) down should continue to 54.05. Summary: A third wave is underway. Corrections are brief and shallow. The new target is at 54.05. Only a clear breach of the pink channel on the daily chart would indicate that the downwards trend is being...
by Lara | Dec 11, 2014 | Gold |
A new low below 1,221.34 invalidated the alternate hourly Elliott wave count and confirmed the main Elliott wave count. Summary: Gold should be entering a third wave, of a third wave, of a third wave up. Upwards momentum should increase strongly. The short term target...
