by Lara | Nov 25, 2015 | Gold |
An inside day with light volume fits the Elliott wave count. Summary: It is still most likely that a correction is continuing, but again the structure is unclear. I am expecting slow choppy overlapping movement for a further four days which may end about 1,101 –...
by Lara | Nov 24, 2015 | Gold |
A correction was expected to most likely continue, which is what has happened. Summary: A new high above 1,088.22 would provide confidence that this correction is not over, which at this stage is very likely. The target remains at 1,101 – 1,103. A new low below...
by Lara | Nov 24, 2015 | US Oil, US Oil Historical |
Last analysis expected more downwards movement for the week which is what happened. Summary: Upwards movement is expected for the next week to a minimum at 45.65. A new high above 48.36 is possible but unlikely. When a zigzag upwards is complete, then a trend change...
by Lara | Nov 23, 2015 | Gold |
Upwards movement was expected but did not happen. Price moved lower to invalidate the hourly Elliott wave count. Summary: A new high above 1,088.22 would provide confidence that this correction is not over. The target remains at 1,101 – 1,103 as most likely. A...
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...