by Lara | May 21, 2015 | GDX |
I have the same two Elliott wave counts for GDX. I still favour neither. Click charts to enlarge. 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...
by Lara | May 15, 2015 | Gold |
Sideways movement was expected from last Elliott wave analysis, which is what happened. Summary: This movement is a small correction against the trend, which for both bull and bear counts is up at least at minute degree. This fourth wave is either a zigzag to end...
by Lara | May 6, 2015 | Gold |
A small inside day for Wednesday importantly shows higher volume. Volume consistently continues to support the bear Elliott wave count. Summary: The bull and bear wave counts diverge. The bull count expects a third or C wave up to 1,237. The bear count expects a third...
by Lara | Apr 29, 2015 | GDX |
I have two wave counts for GDX today. I favour neither. Charts only today. Click charts to enlarge. 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...
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 15, 2015 | Gold, Gold Historical |
Downwards movement for Wednesday was expected, but this is not what happened. While upwards movement remains below the invalidation point it makes the situation unclear. I will present four Elliott wave counts, 2 bull and 2 bear. Members should use their own preferred...
by Lara | Apr 13, 2015 | Gold |
The short term target at 1,215 was not met. Price has moved lower, and a second wave correction was expected to find support at the lower edge of the blue channel. Summary: The main and alternate daily wave counts strongly diverge. The main wave count is more likely...
by Lara | Apr 1, 2015 | Gold |
A strong upwards movement fits one of the three hourly Elliott wave counts from yesterday. The next 24 hours should tell us which Elliott wave count is correct. Summary: My main wave count expects a third wave has just begun, which is supported by volume and momentum....
