by Lara | Jan 6, 2016 | Gold |
The short term target for some more upwards movement at 1,091 was reached and passed so far by 3.9. Summary: The main Elliott wave count now expects downwards movement, but classic technical analysis remains bullish. It would be wise to wait for price to confirm a...
by Lara | Jan 5, 2016 | Gold |
A small inside day fits both hourly Elliott wave counts, which remain the same. Summary: The correction is still most likely to end sooner rather than later. It may end with a final push up to a short term target at 1,091. In the short term, a new high reasonably...
by Lara | Jan 4, 2016 | US Oil, US Oil Historical |
The Elliott wave count remains the same. There is still only one Elliott wave count for US Oil. Summary: A fifth wave down to end a third wave may have begun. For confidence in this idea, price needs to break below the upwards sloping cyan trend line on the classic...
by Lara | Jan 4, 2016 | Gold |
Gold remains range bound. I have two Elliott wave counts for the hourly chart today which look at this correction in two different ways. Summary: The correction is most likely to end sooner rather than later. It may end in just one more day with a final push up to a...