by Lara | Jan 29, 2016 | Gold |
Downwards movement breached the invalidation point on the main hourly Elliott wave chart but not the alternate. Summary: There has been no technical confirmation of a trend change for Gold from bear to bull. The bear wave count now expects a big third wave down to...
by Lara | Jan 28, 2016 | Gold |
Yesterday’s analysis expected sideways / downwards movement to a short term target about 1,114. Price has moved lower as expected to reach to 1,111.76 so far. Summary: The correction should be over here and should be followed by upwards movement to new highs....
by Lara | Jan 27, 2016 | Silver
Last week’s Silver analysis expected more sideways movement, which is again exactly what has happened. Summary: The correction is closer to completion. Volume from StockCharts indicates the breakout is more likely to be upwards, which favours the alternate wave...
by Lara | Jan 27, 2016 | Gold |
More upwards movement was expected. Summary: Both wave counts now expect some sideways / downwards movement for a small fourth wave to most likely end about 1,114. Thereafter, at least one more push up to 1,135 is expected. That is the point where the wave counts...
by Lara | Jan 26, 2016 | Gold |
Yesterday’s analysis expected a new high above 1,112.19 and an upwards breakout, which is exactly what has happened. Summary: The target for both bull and bear wave counts short term is now 1,135. Price will be touching the cyan trend line when it gets there....
by Lara | Jan 25, 2016 | Gold |
Upwards movement continues as expected. Summary: The target for the bear wave count remains at 1,135, which may be met in a further seven trading days. The target for the bull wave count is at 1,227 mid term, which may be met in a further nine or thirty trading days....
by Lara | Jan 24, 2016 | US Oil, US Oil Historical |
Upwards movement has breached the cyan line which was providing resistance on the last updated US Oil daily chart. This indicates a trend change. Summary: A correction for minor 4 looks to have arrived and at this early stage it is most likely to be a quick sharp...
by Lara | Jan 22, 2016 | Gold |
Upwards movement was expected. Price moved sideways in a small range to complete a very small red candlestick. Price remains above the invalidation point and is hugging the support line. Summary: The target for the bear wave count remains 1,135. The target for the...
by Lara | Jan 21, 2016 | Silver |
Last week’s Silver analysis expected more sideways movement, which is exactly what has happened. Summary: It is just possible that the correction could be over this week, but this scenario has the lowest probability of all three daily charts. What is more likely...