by Lara | Feb 10, 2016 | Gold |
Sideways movement for a correction was expected. Summary: The trend is still up, but a multi day correction is unfolding. Choppy overlapping sideways movement may continue for one or more likely three more days. It may end either within 1,174 – 1,164 or at...
by Lara | Feb 9, 2016 | Gold |
A break below a short term trend line on the hourly chart indicates a correction has begun. Summary: The trend is still up, but a multi day correction looks like it has arrived. Choppy overlapping sideways movement may last a few days and end either within 1,174...
by Lara | Feb 8, 2016 | US Oil, US Oil Historical |
Last week expected downwards movement from Oil. Price came back up to touch the trend line and then has overall moved lower. Summary: A fifth wave may be extending, and it may be strong as is typical for commodities. If targets are wrong, they may not be low enough....
by Lara | Feb 8, 2016 | Gold |
A small correction unfolded more quickly than expected. This was followed by upwards movement. Summary: The trend is up. In the short term, price should find support at the orange trend line on the hourly chart. Expect further upwards movement while price remains...
by Lara | Feb 7, 2016 | GDX |
The bear Elliott wave count was invalidated by a new high above 16.45. I have just one bull wave count now for GDX. Summary: GDX is in a bull market confirmed by price. New updates to this analysis are in bold. MONTHLY ELLIOTT WAVE COUNT Click chart to enlarge. This...
by Lara | Feb 5, 2016 | Gold |
A small fourth wave correction unfolded as expected, reaching down to 1,145.2, into the target zone which was 1,145.4 – 1,137.29. Thereafter, upwards movement continued as expected. Summary: The trend is up. In the short term, another fourth wave correction may...
by Lara | Feb 4, 2016 | Gold, Gold Historical |
Upwards movement has now breached the final bear market trend line. With confirmation of a trend change, the main wave count should now be bullish. Summary: The final bear market trend line is now breached by a full daily candlestick above it and not touching it. This...
by Lara | Feb 4, 2016 | NZDUSD
Elliott wave and traditional technical analysis of NZDUSD. New updates to this analysis are in bold. ELLIOTT WAVE COUNT Click chart to enlarge. Primary 3 should end when RSI indicates oversold and most likely not before. Currently RSI has returned just above oversold....
by Lara | Feb 4, 2016 | Silver
Last week’s Silver analysis expected some upwards movement. Again, this is exactly what has happened. Summary: Price should move lower from here. The main wave count expects to see a new low below 13.569, so the alternate would be invalidated below this point....
