by Lara | Mar 4, 2016 | Gold |
If price kept rising, two targets were given for Friday: 1,280 and 1,350. The first target was almost met. The high for Friday was 1,279.45. Summary: Minor wave 3 is very likely to be over at Friday’s high. Another correction should now begin for minor wave 4....
by Lara | Mar 3, 2016 | Gold |
One final wave down was expected to finish the correction, but this did not happen. A new high above 1,248.44 confirmed the correction was over and price was breaking out upwards. Summary: The target is at 1,280 in the first instance. Thereafter, if price keeps...
by Lara | Mar 2, 2016 | Silver
Last week expected the correction for Silver to end in four daily candlesticks at the most, at 15.069 – 15.063. The correction may have ended in three days at 14.607. Summary: The trend for Silver should still be up. A correction against the trend may have ended...
by Lara | Mar 2, 2016 | Gold |
Upwards movement was expected from last analysis, but this looks to be too weak to be a breakout. Summary: One final short wave down to about 1,220 should complete a fourth wave triangle. The next move for Gold should be a short sharp thrust up and out of the triangle...
by Lara | Mar 1, 2016 | Gold |
A little more upwards movement was expected to end about 1,245 – 1,247, and then a small wave down was expected. Price turned at 1,248.44. Summary: The target for a short fifth wave up is at 1,261. If this target is wrong, it may be too low. On the way up, a new...
by Lara | Mar 1, 2016 | US Oil |
A new Elliott wave count resolves the problems with last week’s analysis of US Oil. Summary: The monthly chart remains clear: US Oil needs to move lower to complete a large zigzag structure at Super Cycle degree. In the short term, the new wave count expects...
