by Lara | May 6, 2017 | Gold |
A little sideways movement followed by another wave down was expected in last analysis. This is what has happened. Summary: The new target for Monday is 1,214. If this is wrong, it may be too low because price is at strong support and On Balance Volume is at support...
by Lara | May 5, 2017 | Public Analysis, Silver
Last week’s analysis expected it was fairly likely price may continue to fall at least slightly below 16.82. This is what has happened. Summary: Assume the trend remains the same until proven otherwise. Draw a channel about downwards movement on an hourly chart...
by Lara | May 4, 2017 | Gold, Gold Historical |
Another strong downwards day was not expected to break below a support line that extends back to December 2016. Price action today suggests the weekly alternate count, or a variation thereof, now is more likely. Summary: The outlook is now fairly bearish. Expect a...
by Lara | May 3, 2017 | Gold |
Price has moved slightly below the target on the alternate hourly wave count, which was at 1,244. The next 24 hours should provide clarity. Summary: If upwards movement breaks above the channel on the hourly chart, then the main wave count should be used. A low may be...
by Lara | May 2, 2017 | US Oil |
Advice on how to manage short positions, specifically how to calculate a daily trailing stop, is given today for members to protect profits. Summary: The target is at 28.61 minimum. Downwards movement may show a further increase in momentum. Some divergence today...
by Lara | May 2, 2017 | Gold |
Price moved slightly lower, which was not what the main wave count expected, but it was allowed for. No confirmation of a trend change has yet been seen. Summary: The upwards trend should resume here or very soon. Confidence may be had in this expectation if price...
by Lara | May 1, 2017 | Gold |
Downwards movement was expected for Monday to end about 1,257. Price moved lower as expected reaching 3.52 below the target so far. Summary: The upwards trend should resume. Confidence may be had in this expectation if price makes a new high above 1,268.38 and breaks...
by Lara | Apr 29, 2017 | Gold |
Recent price behaviour and volume suggest the alternate Elliott wave count from last analysis has a higher probability, so in today’s analysis it is now the main wave count. Summary: A slight new low may end about 1,257 on Monday. Thereafter, the upwards trend...
by Lara | Apr 27, 2017 | Silver |
Last week expected the pullback was over but price has kept falling. A new wave count is now the main wave count, which has support from classic technical analysis. Summary: Price is falling hard and this fall may not be over yet. It looks now fairly likely it may end...
