by Lara | Aug 11, 2015 | Gold |
Upwards movement to 1,118 – 1,123 was expected. This is what happened, but only after a whipsaw took out the invalidation points on the hourly chart necessitating an updated short term chart for the hourly structure. I have two wave counts for you today to...
by Lara | Aug 7, 2015 | Gold |
A breakout of this consolidation is expected to occur on Monday. Summary: The triangle is most likely complete. Subminuette wave v down should unfold next week to either 1,068 (more likely) or 1,036 – 1,038 (less likely). If the first target is correct, then it...
by Lara | Jul 30, 2015 | Gold |
Yesterday’s Elliott wave analysis was confident for several technical analysis reasons that a downwards breakout should happen, and it did. Summary: Downwards movement should continue. The new target for it to end is at 1,038 – 1,035. Along the way down,...
by Lara | Jul 23, 2015 | Gold |
Price continues to move slowly lower. Another red candlestick fits the main Elliott wave count. I have a new alternate Elliott wave count for you today. Summary: The main wave count and the new alternate still expect more downward movement as does the regular...
by Lara | Jul 21, 2015 | Gold |
Since yesterday’s Elliott wave analysis, price has moved lower slowly. Summary: The target for the next third wave to end remains at 1,060. The following fourth wave may show on the daily chart, but it may not. The target for minute wave iii to end remains at...
by Lara | Jul 21, 2015 | GDX |
I will let Gold lead. For this reason only I will not publish a bull wave count for GDX. 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...
by Lara | Jul 14, 2015 | Gold |
A small red candlestick fits the Elliott wave count. 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 two or five days time. To see weekly charts click here. Changes to last analysis are...
by Lara | Jul 10, 2015 | Gold |
Downwards movement was expected for Friday. The session did begin with some downwards movement, but price turned higher to complete a green candlestick for Friday which was not what was expected. Price remains below the invalidation point on the hourly Elliott wave...
by Lara | Jul 5, 2015 | GDX |
I have the same two Elliott wave counts for GDX. I still favour neither. 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 look...