by Lara | Jul 16, 2015 | GDX |
I have the same two Elliott wave counts for GDX. I favour the bear wave count. GDX does not appear to have sufficient volume for Elliott wave analysis of this market to be reliable. It exhibits truncations readily, and often its threes look like fives while its fives...
by Lara | Jul 15, 2015 | Gold |
Downwards movement was expected. The Elliott wave count remains the same, supported again by technical analysis indicators. Summary: Downwards movement should continue. Use the brown channel on the hourly chart to indicate where upwards corrections should find...
by Lara | Jul 14, 2015 | Silver
Charts only today. MAIN WAVE COUNT Click chart to enlarge. ALTERNATE WAVE COUNT Click chart to enlarge.
by Lara | Jul 13, 2015 | Gold |
Both Elliott wave counts expected downwards movement, which is what has happened for Monday’s session. Summary: The main wave count remains the same: it expects downwards movement this week to a target at 1,123 which may be met in three days time. To see weekly...
by Lara | Jul 8, 2015 | Gold |
Yesterday’s hourly Elliott wave chart expected an impulse down to end and be followed by another second wave correction to find resistance at the upper edge of a channel. This is what happened, with the exception of a small fourth wave not moving higher first....
by Lara | Jul 6, 2015 | Gold |
Upwards movement was expected for Monday, which is what happened. Summary: It looks like upwards movement may be over for now: a second wave correction looks complete and today’s volume spike indicates the end of this correction. A third wave down may be ready...
by Lara | Jul 2, 2015 | Gold |
A little upwards movement was expected to 1,180 before more downwards movement, but this is not what happened. At the daily chart level, a new low below 1,162.80 strongly favours the bear Elliott wave count. Summary: It is increasingly likely that the trend is down....
by Lara | Jun 29, 2015 | Gold |
Upwards movement to at least a little above 1,178.78 was expected for both Elliott wave counts. Targets were either 1,181 or 1,186 – 1,188. Price moved higher as expected to reach up to just 0.16 above the second target. Summary: It is most likely that downwards...
by Lara | Jun 28, 2015 | Silver, Silver Historical
In line with Gold analysis, I have a bull and a bear Elliott wave count for Silver. Price will tell us which one is correct, but before that happens structure and volume will indicate which is more likely. Bull Wave Count Click chart to enlarge. If cycle wave a is...
