by Lara | Oct 27, 2017 | Silver
Price has moved lower for the week as a pullback continues. The Elliott wave counts now diverge. Summary: Silver is in a large consolidation and the situation is very unclear. Volume suggests an upwards breakout may be more likely, which favours the first Elliott wave...
by Lara | Oct 26, 2017 | Gold |
Price continued lower changing the Elliott wave count for the short term. Hourly charts today will show all movement from the last swing high on the 16th of October. Summary: While price remains above 1,260.72, this downwards movement could still be a second wave...
by Lara | Oct 25, 2017 | Gold |
Upwards movement was expected after last analysis, which so far is what is happening. Summary: A consolidation for a B wave should complete this week. Short term upwards movement should reach a minimum of 1,302.74. Thereafter, a downwards swing should unfold. For the...
by Lara | Oct 24, 2017 | Gold |
A slight new low in the last few hours changes the Elliott wave count for the short term, but not the mid or long term. This is still expected to be a B wave, which exhibits the greatest variety in structure and price behaviour. Summary: A consolidation for a B wave...
by Lara | Oct 23, 2017 | US Oil |
A very small range weekly candlestick has moved price sideways and very slightly higher. Summary: A downwards breakout is still expected. Expect resistance about 52.90 and support about 49.10. The target for the next wave down is at 15.38 or 13.00. This target is some...
by Lara | Oct 23, 2017 | Gold |
With an invalidation of the main hourly Elliott wave count below 1,276.10, the alternate hourly Elliott wave count now has confidence. Summary: A consolidation for a B wave should complete this week. Short term upwards movement should reach a minimum of 1,302.74....
by Lara | Oct 21, 2017 | Gold |
Last analysis expected long positions to be held for those with a longer time frame, and stops to be pulled up to just below 1,260.70. The target remains the same, and long positions should now have much less exposure to risk. Summary: At the weekly chart level, this...
by Lara | Oct 19, 2017 | Gold |
In last analysis, after the close of the New York session for the 18th of October, Elliott Wave Gold members were advised to enter long with stops just below 1,260.72. Those long positions should now be profitable. Advice is given today on how to manage positions with...
by Lara | Oct 19, 2017 | GDX |
Three Elliott wave counts are presented below in the order in which they were developed, not in the order of probability: FIRST WAVE COUNT MONTHLY CHART Click chart to enlarge. DAILY CHART Click chart to enlarge. SECOND WAVE COUNT MONTHLY CHART Click chart to enlarge....