by Lara | Dec 8, 2016 | Gold |
Sideways movement was expected. In the short term, some downwards movement within a consolidation was expected for the session, and this is what has happened. Summary: At this stage, it looks more likely that Gold is within a sideways consolidation that may last a...
by Lara | Dec 8, 2016 | Silver
Upwards movement continues so far as expected for Silver. Summary: A new high above 18.979 would invalidate the alternate Elliott wave count and confirm a trend change for Silver. It will remain possible that Silver is still in a bear market while price remains below...
by Lara | Dec 7, 2016 | Gold |
Price has moved higher to complete a green daily candlestick, as expected for the main Elliott wave count, but so far it is concerning that volume has not supported this movement. Summary: At this stage, it looks more likely that Gold has just begun a sideways...
by Lara | Dec 6, 2016 | Gold |
Price has moved sideways to complete a very small inside day. The analysis is essentially unchanged. Summary: It looks like Gold is finding a low. Confidence in a trend change would come with a new high above 1,232.48. Double divergence now with RSI strongly indicates...
by Lara | Dec 6, 2016 | US Oil |
Last analysis was invalidated by upwards movement, which was unexpected. Summary: After a small consolidation, which should remain above 49.19, more upwards movement is expected. The target for it to end is about 58.05. New updates to this analysis are in bold....
by Lara | Dec 5, 2016 | Gold |
Price whipsawed and crossed both invalidation points for the first two hourly charts. Summary: It looks like Gold is finding a low. Confidence in a trend change would come with a new high above 1,232.48. Double divergence now with RSI strongly indicates a low here or...
by Lara | Dec 3, 2016 | Gold |
An upwards day was expected for Friday’s session, which is what happened. Summary: A new high above 1,181.36 would provide first confidence in a trend change. A new high above 1,232.48 would add a reasonable level of confidence. The target would be either 1,491...
by Lara | Dec 2, 2016 | Silver
Upwards movement was expected for Silver. Price has mostly moved sideways. Summary: A new high above 18.979 would invalidate the alternate Elliott wave count and confirm a trend change for Silver. It will remain possible that Silver is still in a bear market while...
by Lara | Dec 1, 2016 | Gold |
Another new low for Gold was not expected. Summary: Weakness from ATR, extreme oversold conditions for RSI and Stochastics, and now divergence with price and RSI at today’s low all strongly indicate a reversal either here or very soon. A new high above 1,181.36...
