by Lara | Feb 24, 2018 | Gold |
Upwards movement was expected. Price has moved mostly sideways, with a very slight new high. Downwards movement for Friday’s session remains well above the Elliott wave invalidation point and well above the prior day’s low. Summary: Look for price to...
by Lara | Feb 22, 2018 | Gold |
A strong breach of the channel on the hourly chart has indicated a low is probably in for Gold, at least for the short term. Upwards movement then has continued as expected after the breach. Summary: Look for price to continue now in an upwards swing to end above...
by Lara | Feb 22, 2018 | Silver
A little more upwards movement was expected before a pullback, but the pullback arrived early. The pullback was expected to last a few days and so far has lasted 4. Summary: A new low below 16.173 now would indicate an ongoing bear market for Silver. The target would...
by Lara | Feb 22, 2018 | Gold |
Price continued lower towards the target, which was at 1,328 – 1,324. The low for the session was 1.83 below the small target zone. Summary: It is possible price can continue lower while it remains within the best fit channel on the main hourly chart. If the...
by Lara | Feb 20, 2018 | Gold |
More downwards movement was expected, which is what has happened. Summary: Gold and GDX both remain range bound. In the short term, look for a little more downwards movement to end about 1,328 – 1,324; after this is done, look out for an upwards swing within the...
by Lara | Feb 19, 2018 | Gold |
A little more downwards movement has unfolded for Monday exactly as expected. With New York closed for Presidents’ day, a very quiet session for Monday sees no change to the analysis. Summary: Gold and GDX both remain range bound. In the short term, look out for...
by Lara | Feb 18, 2018 | US Oil
A bounce was expected for the last week, which is exactly what has happened. Summary: The target is at 13.39. A new low below 55.24 would add confidence to the main bearish wave count. The bounce may be over at Friday’s high. Volume is declining and there is a...
by Lara | Feb 17, 2018 | Gold |
For Friday’s session a pullback was expected after a slight new high. This is exactly what happened. Summary: Gold and GDX both remain range bound. In the short term, look out for a little more downwards movement to start next week, which could be a small...
by Lara | Feb 15, 2018 | Silver
Price has bounced over the last week exactly as last analysis expected it to. Is the bounce now over? Summary: Expect price for the short term to overall continue higher to reach about 17.100. There may be a pullback to last a few days along the way up to the target....
