by Lara | Nov 20, 2015 | Gold |
Upwards movement was expected. Yesterday’s second hourly Elliott wave count looked at the possibility that upwards movement may be very choppy and overlapping. This is the correct Elliott wave count. Summary: The target for more upwards movement is at 1,101 to...
by Lara | Nov 19, 2015 | Gold |
Upwards movement was expected. Summary: Targets remain the same for more upwards movement: either 1,101 to 1,103 or 1,127. Upwards movement is incomplete and extremely likely to make at least a slight new high above 1,098.25. Upwards movement may continue for a...
by Lara | Nov 19, 2015 | Silver, Silver Historical |
Last week it was stated the trend was down but a correction was expected to turn up, indicated by a green daily candlestick. Summary: A small correction against the downwards trend may have begun. The most likely target is the 0.382 Fibonacci ratio at 14.887....
by Lara | Nov 18, 2015 | Gold |
Yesterday’s alternate hourly Elliott wave count was confirmed with a slight new low. Thereafter, price is behaving as expected. Summary: This correction is longer lasting than originally anticipated. It is possible it may end in just one more day, but more...
by Lara | Nov 17, 2015 | Gold |
Yesterday’s hourly chart expected some more downwards movement short term and warned a new low may be seen. This is what happened. Summary: What looks most likely today is some upwards movement which may last about two days. The target is 1,101 – 1,104 in...
by Lara | Nov 17, 2015 | US Oil, US Oil Historical |
Last analysis expected a third wave down was most likely underway. Further downwards movement fits the Elliott wave count perfectly so far. Summary: A third wave down is most likely still underway. It may unfold as a zigzag as it may be a third wave within a leading...
by Lara | Nov 16, 2015 | Gold |
A new high above 1,095.89 confirmed the preferred alternate Elliott wave count. Summary: A correction is most likely underway against the trend. It may continue for a minimum of three more days but more likely another six or twelve. The preferred target for it to end...
by Lara | Nov 15, 2015 | USD Index
I have only one bullish Elliott wave count for the USD Index. New updates to this analysis are in bold. Click chart to enlarge. The US Dollar has been in a bull market since July 2011. So far there is no confirmation of a trend change. The bull market should be...
by Lara | Nov 13, 2015 | Gold |
A small inside day leaves both Elliott wave counts valid. Summary: It is more likely that a second wave correction will unfold upwards from here to about 1,118 or 1,145 (less likely). This would be confirmed with a new high above 1,095.89. To see weekly charts click...