by Lara | Jul 3, 2015 | Gold |
A small upwards correction was expected for the very short term, which is what is happening as the week comes to a close. Summary: It is likely that Monday will see a little more upwards movement to 1,181 – 1,184. Thereafter, both bull and bear wave counts need...
by Lara | Jul 1, 2015 | Gold |
Price has moved slowly lower on slightly lower volume. This downwards movement looks corrective and fits both bull and bear Elliott wave counts. Summary: In the very short term (next 24 hours) a little upwards movement to 1,180 may complete a small second wave...
by Lara | Jun 24, 2015 | Gold |
Both Elliott wave counts expected a little upwards movement, which may have been quick and brief, but price moved lower after a little sideways movement. Summary: A small correction is either underway or due very soon indeed. Today’s long lower wick on the red...
by Lara | Jun 22, 2015 | Gold |
Both Elliott wave counts expected downwards movement. Summary: Both bull and bear wave counts expect more downwards movement. The bull count should see downwards movement unfold as a three; the bear expects a five down. If the bear is right, then it may be confirmed...
by Lara | Jun 15, 2015 | Gold |
Sideways movement in a larger range fits the bear Elliott wave count at the hourly chart level better than the bull. Summary: The bear wave count expects downwards movement to 1,165.76 minimum before another five wave structure up to a target at 1,205 (that target may...
by Lara | Jun 11, 2015 | Gold |
Downwards movement fits the bear Elliott wave count better than the bull, but it is not enough to provide price confirmation yet. Summary: The bull wave count expects the middle of a third wave up to show a strong increase in momentum. A short term target is at 1,209,...
by Lara | Jun 11, 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...
by Lara | Jun 3, 2015 | Gold |
Upwards movement was expected for the bull and main bear Elliott wave counts, but downwards movement breached their invalidation points. The alternate bear Elliott wave count is now taken more seriously. Summary: The last swing down will subdivide as either a three or...
by Lara | May 28, 2015 | Gold |
A little more downwards movement was still allowed for. The invalidation points are now extremely close by, but still not breached. Summary: Both bull and bear wave counts still expect upwards movement for a few days. The bull wave count has a minimum requirement at...
