by Lara | Mar 24, 2015 | GDX |
I have a new bullish Elliott wave count for GDX for you. The bearish Elliott wave count will be an alternate, in line with Gold. Click charts to enlarge. GDX does not appear to have sufficient volume for Elliott wave analysis of this market to be reliable. It exhibits...
by Lara | Mar 19, 2015 | Gold |
A little more upwards movement to the upper blue trend line was expected. Price has moved higher, but falls slightly short of this trend line. Summary: It is very likely that minute wave ii is over and minute wave iii is beginning downwards now. The target for minute...
by Lara | Mar 11, 2015 | Gold |
Another red candlestick was expected. However, a little upwards movement to 1,176 was expected first and this did not happen. Price moved sideways to complete a small triangle for the fourth wave correction and not a zigzag. Summary: The trend remains down at minor...
by Lara | Mar 11, 2015 | GDX |
A slight new low below 20.42 is enough to invalidate the alternate Elliott wave count. For GDX I now have only one Elliott wave count. Click charts to enlarge. GDX does not appear to have sufficient volume for Elliott wave analysis of this market to be reliable. It...
by Lara | Mar 9, 2015 | Gold |
Another red candlestick and a decrease in momentum were expected for Monday. So far that is what we have, although the session is not yet over and the candlestick may yet end as green. Summary: The trend remains down. A third wave is incomplete. In the very short term...
by Lara | Feb 24, 2015 | Gold |
Downwards movement and an increase in momentum were expected. Price remains within the lower half of the channel on the hourly chart, but has not managed to make a new low. Summary: I still expect a third wave down is unfolding. The target for it to end is 1,124. The...
by Lara | Feb 20, 2015 | Gold |
Upwards movement was expected, but this is not what happened. We have a small red doji completing for Friday’s session. Summary: The main wave count still expects one more day of upwards movement for Monday to 1,243. I have a new alternate which sees a third...
by Lara | Feb 20, 2015 | GDX |
A slight new low below 20.42 is enough to invalidate the alternate Elliott wave count. For GDX I now have only one Elliott wave count. Click charts to enlarge. GDX does not appear to have sufficient volume for Elliott wave analysis of this market to be reliable. It...
by Lara | Feb 16, 2015 | Gold |
The consolidation continues, but I had expected a short term drop within it. Summary: This correction is incomplete. I expect it to continue with sideways movement for another two days. In the short term I still expect a downwards day for a B wave within this fourth...
