by Lara | Apr 29, 2017 | Gold |
Recent price behaviour and volume suggest the alternate Elliott wave count from last analysis has a higher probability, so in today’s analysis it is now the main wave count. Summary: A slight new low may end about 1,257 on Monday. Thereafter, the upwards trend...
by Lara | Apr 27, 2017 | Silver |
Last week expected the pullback was over but price has kept falling. A new wave count is now the main wave count, which has support from classic technical analysis. Summary: Price is falling hard and this fall may not be over yet. It looks now fairly likely it may end...
by Lara | Apr 27, 2017 | Gold |
An inside day fits both Elliott wave counts. Classic technical analysis will be used to determine which one may be more likely. Summary: Watch the best fit channel on the hourly chart carefully. If price breaks above the upper edge, then a low is very likely in for...
by Lara | Apr 26, 2017 | Gold |
An upwards day was expected as likely for Wednesday’s session for Gold. Price moved slightly lower, however, before bouncing upwards at the end of the session. Summary: A new alternate has a reasonable probability. It is possible this pullback may move lower for...
by Lara | Apr 25, 2017 | Gold |
A pullback has continued lower to test support at prior resistance, which is typical price behaviour. Volume will be used to indicate what is most likely to happen next. Summary: A decline in volume today and price at support suggests an upwards day tomorrow. Long...
by Lara | Apr 25, 2017 | US Oil |
Advice on how to manage short positions is given this week with an hourly chart to support members trading. Summary: The target is at least a new low below 47.06; it should be comfortably below that point. Beware that bounces may be brief and shallow. The hourly chart...
by Lara | Apr 24, 2017 | Gold |
A correction was expected to continue for another one to few days. Today’s red candlestick with a long lower wick mostly fits that expectation. Price remains above the invalidation point but the wave count no longer has the right look, so today it is changed....
by Lara | Apr 23, 2017 | Copper, Trading Room, US Oil |
Today’s Trading Room looks at Copper and US Oil. Only a recommendation on Gold is given for Elliott Wave Gold members. To learn what the Trading Room is about see first Trading Room analysis here. Trading Room will focus on classic technical analysis. Elliott...
by Lara | Apr 21, 2017 | Gold, Public Analysis |
A weak upwards day exactly fits the expectation from last analysis. Summary: The correction is still most likely incomplete. It may continue further for yet another one to few days. Thereafter, the upwards trend should resume. The target for long positions remains at...
