by Lara | Oct 12, 2017 | Gold |
Last Elliott wave analysis advised to assume the trend remains the same until proven otherwise. More upwards movement continues the trend, but it is now weakening. Summary: While price remains above 1,284.48 and most importantly within the pink base channel on the...
by Lara | Oct 11, 2017 | Gold, Public Analysis |
The overall upwards trend continues. Summary: Note that inaccurate data from StockCharts substantially reduces the confidence in classic technical analysis today. While price remains above 1,284.48 and most importantly within the pink base channel on the main hourly...
by Lara | Oct 11, 2017 | Gold |
The overall upwards trend continues, which is what the Elliott wave counts expected at the daily chart level. Summary: A pullback to test support is still likely either here or very soon. The target is at 1,274 – 1,273. Overall, at this time, the trend is up. If...
by Lara | Oct 10, 2017 | US Oil |
A breach of the channel on the 4th of October on the main daily Elliott wave count indicated a deeper pullback was most likely underway. Thereafter, price has moved lower as the alternate Elliott wave count expected. Summary: Oil may have had a trend change. The next...
by Lara | Oct 9, 2017 | Gold |
Last Elliott wave analysis expected upwards movement from Gold to begin the new week, which is exactly what has happened. Summary: For the very short term, look out for a small pullback to about 1,277 – 1,275. Thereafter, look for the new upwards trend to...
by Lara | Oct 6, 2017 | Gold |
The target for downwards movement was 1,256. Price has reached 1,260.72, 4.42 short of the target. Summary: A low may be in place at least for the mid term for Gold. A breach of the channel on the hourly charts is required for confidence in this view. The fist target...
by Lara | Oct 5, 2017 | Public Analysis, Silver
More downwards movement was expected after last week’s analysis. Silver has made a new low, which fits expectations so far. With this market in a large consolidation, volume analysis will be used to indicate the breakout direction. Summary: Downwards movement...
by Lara | Oct 5, 2017 | Gold |
The trend was assumed to remain downwards while price remains within the channel. A new low today continues that trend. Summary: Assume the trend remains down while price remains below 1,272.28 and more importantly while it remains within the channel. The target for...
by Lara | Oct 4, 2017 | Gold, Public Analysis |
All three hourly Elliott wave charts published yesterday expected at least some upwards movement. So far that is what has happened. Classic analysis will be used today to judge which of the three scenarios looks most likely. Summary: Assume the trend remains down...
