by Lara | Jul 29, 2016 | Gold |
A correction was expected to end about 1,325. Price did move lower but only to 1,330 before turning upwards. Summary: The trend is up. The target remains at 1,582. Corrections are an opportunity to join the trend. Invest no more than 3-5% of equity on any one trade...
by Lara | Jul 28, 2016 | EURUSD |
EURUSD has a good trade set up today. Click chart to enlarge. Click chart to enlarge. Price has come up to find resistance at the short term lilac trend line. It looks fairly likely that this line will hold. If the Elliott wave count is correct, then EURUSD should...
by Lara | Jul 28, 2016 | Silver
Upwards movement was expected to continue for the week, which is what has happened. The target remains the same. Summary: Upwards movement is expected to continue. The target is at 24.219. This trend is now extreme, so stops must be used (as always). New updates to...
by Lara | Jul 28, 2016 | Gold |
A little upwards movement was followed by some downwards movement, exactly as expected. Summary: The trend is up. The target remains at 1,582. Corrections are an opportunity to join the trend. Invest no more than 3-5% of equity on any one trade and always use a stop...
by Lara | Jul 27, 2016 | Gold |
Again, upwards movement was expected. A new high above 1,333.66 added further confidence to the main Elliott wave count. The target remains the same. Summary: The trend is up. The target remains at 1,582. Corrections are an opportunity to join the trend. Invest no...
by Lara | Jul 26, 2016 | Gold |
Upwards movement was expected. A new high above 1,323.56 adds some confidence to the main Elliott wave count. Summary: The trend is up. A counter trend pullback looks most likely complete. Further confidence in this outlook would come with a new high above 1,333.66....
by Lara | Jul 25, 2016 | US Oil |
Last week again expected overall downwards movement. This is again exactly what has happened. An increase in downwards momentum was also expected and has been seen by MACD. Summary: Some more downwards movement is expected for the next week and a further increase in...
by Lara | Jul 25, 2016 | Gold |
Upwards movement was expected. This is not what happened. Price moved lower but remains above the invalidation point on the hourly Elliott wave chart. Summary: The outlook is for a third wave up to 1,515 while price remains above 1,310.84. A new low below 1,310.84...
by Lara | Jul 22, 2016 | Gold, Gold Historical |
In the short term, a small correction to about 1,325 was expected. Price moved lower, reaching 1,320. Summary: The correction still looks like it is over. A short term target for a strong third wave up is at 1,515. New updates to this analysis are in bold. Grand...