by Lara | Apr 28, 2015 | Gold |
Upwards movement continued which fits the bullish alternate Elliott wave count. A new high above 1,210.88 indicated a third wave up may be underway. Summary: Gold is still within the sideways consolidation range it has been in since 27th March. The situation is still...
by Lara | Apr 27, 2015 | Gold |
Upwards movement was unexpected and invalidated both hourly Elliott wave counts. At the daily chart level they both remain valid. I have a new Elliott wave count today. Summary: The main bull and the bear wave counts both expect downwards movement. The new bullish...
by Lara | Apr 24, 2015 | Gold |
A new low below 1,184.04 has invalidated two Elliott wave counts, leaving now only two valid Elliott wave counts. Summary: Gold is breaking out to the downside. Only wave counts 2 and 4 remain, which I will now label bull and bear respectively. A short term target for...
by Lara | Apr 23, 2015 | Gold |
Three of four Elliott wave counts had a short term target at 1,184.81. Price moved lower to reach 1,184.45 then turned up as expected. All four Elliott wave counts remain valid. I am changing wave count 2 substantially. Summary: Gold remains in a sideways...
by Lara | Apr 20, 2015 | Gold |
I still have four Elliott wave counts for you, with altered hourly charts. The short term expected at least some downwards movement for all four wave counts, which is what happened, but only after a very slight new high was made. Summary: Gold remains in a sideways...
by Lara | Apr 16, 2015 | Gold |
All four Elliott wave counts remain valid. The most recent movement has a better fit in terms of structure for Elliott wave count 4. Members should use their own preferred technical analysis tools to judge for themselves which wave count they can use as a road map for...
by Lara | Apr 16, 2015 | Silver, Silver Historical |
In line with Gold analysis, I have a bull and a bear 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. Click charts to enlarge. Bull Wave Count If cycle wave a is over and...
by Lara | Apr 14, 2015 | Gold |
Downwards movement invalidated the hourly Elliott wave count and was unexpected. Summary: The situation is unclear for the bigger picture. For the short term, I have a bull and a bear wave count which both expect more downwards movement. The target for the bull wave...
by Lara | Apr 9, 2015 | Gold |
Yesterday’s Elliott wave analysis expected it was extremely likely price would move higher, although confirmation was required by a channel breach on the hourly chart and a new high above 1,206.49. We did not get confirmation of a trend change and price moved...
