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...
by Lara | Dec 10, 2014 | Gold |
A small red candlestick on the daily Elliott wave chart changes the wave count at the hourly chart level. The overall mid term target remains the same, and the trend is still upwards. Summary: This sideways movement is most likely very close to completion. Overall the...
by Lara | Dec 9, 2014 | NZDUSD |
Elliott Wave analysis of NZDUSD: Click on charts to enlarge.
by Lara | Dec 9, 2014 | Gold |
A new high above 1,213.45 confirmed the main hourly Elliott wave count and invalidated the alternate. The short term target at 1,235 has been exceeded by 3.38 so far, but the structure is incomplete. The target was too low. The higher mid term target remains the same....
