by Lara | Jan 8, 2015 | Gold |
I had expected another green candlestick for Wednesday’s session which is not what happened. The Elliott wave count at the hourly chart level has changed again, but the picture at the daily chart level remains the same. I have confidence in the overall expected...
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...
