by Lara | Feb 10, 2015 | Gold |
The fourth wave correction drifted slightly higher and was followed by downwards movement, exactly as expected. Summary: Once the lower pink trend line is breached I expect downwards momentum to increase. The short term targets are either 1,228 – 1,224 or 1,199...
by Lara | Feb 6, 2015 | Gold |
The middle of a third wave down has just passed, exactly as expected. Summary: The middle of a third wave has just passed. The target for it to end is still at 1,224 which may be met on Monday. Be aware Gold sometimes exhibits strong fifth waves and if this target is...
by Lara | Feb 4, 2015 | GDX |
The situation for GDX remains exactly the same as last Elliott wave analysis. Click charts to enlarge. For GDX the main and alternate wave counts have exactly the same subdivisions, only the degree of labelling differs. This means it is impossible at this stage to...
by Lara | Feb 3, 2015 | Gold |
Price made a slight new high but failed by a considerable margin to reach the target, which was at 1,299. The trend channel on the Elliott wave hourly chart indicated a trend change, and a third wave down. Summary: A third wave has most likely begun. In the short term...
by Lara | Jan 30, 2015 | Gold |
Downwards movement did not continue as expected. A new high above 1,272.34 invalidated the Elliott wave count at the hourly chart level. Summary: In the short term I expect upwards movement to end about 1,281 – 1,287. This upwards movement is a deep second wave...
by Lara | Jan 22, 2015 | GDX |
Charts only today. Click charts to enlarge.
by Lara | Jan 16, 2015 | GDX |
The third wave is over, and it did not reach the target. The fourth wave is either over or halfway through. Click charts to enlarge. I see an incomplete five wave structure downwards. The final fifth wave for intermediate wave (5) is unfolding. At 14.13 intermediate...
by Lara | Jan 14, 2015 | GDX |
GDX continues higher as expected. Click charts to enlarge. I see an incomplete five wave structure downwards. The final fifth wave for intermediate wave (5) is unfolding. At 14.13 intermediate wave (5) would reach equality in length with intermediate wave (1). I have...
by Lara | Jan 13, 2015 | Gold |
With the market moving higher than expected, I have updated hourly charts for you. We can use the confirmation / invalidation points to show which wave count is correct. Click on charts to enlarge. Main Hourly Wave Count Subminuette wave b is now a 199% correction of...
