by Lara | Apr 20, 2017 | Gold |
A small inside day completes and fits expectations for a correction to continue. 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...
by Lara | Apr 20, 2017 | Silver |
Last week expected a small consolidation short term, which is what has happened. Summary: So far, from the low on the 15th of March, price has made a series of higher highs and higher lows at the daily chart level. If the Elliott wave analysis is correct, then the...
by Lara | Apr 19, 2017 | Gold |
Yesterday’s analysis expected the correction to continue sideways for another day. A small downwards day mostly fits the expectation and price remains well above the invalidation point on the hourly chart. Summary: The correction is still most likely incomplete....
by Lara | Apr 19, 2017 | Public Analysis, US Oil |
A break below the small best fit channel on the daily chart indicated a trend change for US Oil. Members were then advised to enter a short position. Short positions are now positive. Summary: The target is at least a new low below 47.06; it should be comfortably...
by Lara | Apr 18, 2017 | Gold |
Yesterday’s analysis expected another shallow correction to continue sideways. This is mostly what has happened. Price bounced up almost exactly at the lower edge of the channel on the hourly chart, where support was expected as fairly likely. Summary: The...
by Lara | Apr 17, 2017 | Gold |
A shallow consolidation was expected for Friday and Monday. Monday completes a doji, which is essentially sideways movement, as expected. Summary: In the short term, a shallow consolidation may unfold for Friday and Monday while NYSE is closed for Easter. Thereafter,...
by Lara | Apr 17, 2017 | Copper, GBPUSD, Public Analysis, Trading Room, US Oil |
Today’s Trading Room looks at Copper, US Oil and GBPUSD. To learn what the Trading Room is about see first Trading Room analysis here. Trading Room will focus on classic technical analysis. Elliott wave analysis will be for support and for targets / invalidation...
by Lara | Apr 14, 2017 | Silver
On Balance Volume gave a signal early in the week that a deeper pullback may unfold. Price found support at the Fibonacci 55 day moving average before turning upwards. Summary: Silver is looking more bullish for the mid term, but short term look for some small...
by Lara | Apr 14, 2017 | GDX, Gold |
Upwards movement continues and price has remained within the upper half of the channel on the hourly chart, which was expected at this stage. Trading advice is given to members to manage long positions towards the end of this week. Summary: In the short term, a...
