by Lara | Oct 12, 2016 | Gold |
Gold continues to move overall sideways within a small range. The main Elliott wave count still expects a breakout in a very few days. Summary: A small consolidation continues and may continue for another two or five more days. There is no support for upwards...
by Lara | Oct 11, 2016 | Gold |
The alternate Elliott wave count has increased in probability today, so I’ve swapped over the Elliott wave counts in today’s analysis. Summary: A small consolidation continues and may continue for another few days. There is no support for upwards movement,...
by Lara | Oct 11, 2016 | US Oil |
Downwards movement was expected as likely for this last week. Price has moved higher. Summary: Upwards movement is showing some weakness and may end here or soon. The next wave down should end at 28.61 or below. New updates to this analysis are in bold. MONTHLY...
by Lara | Oct 10, 2016 | Gold |
Upwards movement was expected for Monday. The alternate II Elliott wave count now begins to diverge from the main Elliott wave count at the hourly chart level, so hourly charts will be provided for both today. Summary: At this stage, the alternate II Elliott wave...
by Lara | Oct 8, 2016 | Gold |
More downwards movement is very close now to the second target, which was at 1,240. Summary: There is now evidence of a low in place with divergence between price and RSI and Stochastics, both of which are oversold. A bounce should be expected next week. If it remains...
by Lara | Oct 7, 2016 | GDX |
Last GDX analysis on 31st of August expected the downwards trend to be interrupted by a bounce. Price moved sideways for about four weeks, which fits expectations, and is now moving strongly lower. Summary: A downwards trend is in place for GDX, but the bears look...
by Lara | Oct 6, 2016 | Gold |
The first target for downwards movement has been met. Summary: Downwards movement has met the first target, but there is no evidence yet that downwards movement is over. Volume is weak indicating bears are tired. If the lilac channel can be clearly breached by upwards...
by Lara | Oct 6, 2016 | Silver |
Upwards movement from Silver was expected. Price broke below the trend line and then breached the invalidation point. Summary: In the short term, expect more downwards movement from Silver as most likely. A new low below 16.132 would indicate a deeper sustained...
by Lara | Oct 5, 2016 | Gold |
I have three Elliott wave counts for you today. Elliott wave is fractal, so the key to seeing what is most likely to happen next is how to fit the current wave count into the bigger picture. Summary: Price has broken out of a triangle pattern downwards. A target for...