by Lara | Aug 9, 2017 | Silver
A pullback continued as expected from last analysis. Summary: In the short term, look out for a little more upwards movement. After that look out for a downwards swing to about 15.830. New updates to this analysis are in bold. Last monthly chart is here. ELLIOTT WAVE...
by Lara | Aug 9, 2017 | Gold |
Upwards movement was unexpected and has invalidated the Elliott wave count at the hourly chart level. Summary: The target is at 1,279, but it may be a little too low. If price moves above the target, look for resistance at the maroon trend line on the main daily...
by Lara | Aug 8, 2017 | Gold |
A short term target for Tuesday was 1,247. The low for the session fell $5.39 short of the target, after a whipsaw took out the short term invalidation point on the hourly Elliott wave chart. Summary: Gold has likely had a trend change. The target is at 1,184. This...
by Lara | Aug 7, 2017 | US Oil |
More upwards movement was expected for the week for US Oil. Price has moved sideways, remaining above the invalidation point on the daily Elliott wave count. Summary: Expect Oil now to continue higher to reach above 52.00. Use the pink base channel on the daily chart;...
by Lara | Aug 7, 2017 | Gold |
A very small range inside day only changes the Elliott wave count at the hourly chart level, slightly. The bigger picture and the target remain the same. Summary: Gold has likely had a trend change. The target is at 1,184. This may be met in about five weeks. For the...
by Lara | Aug 5, 2017 | Gold |
A break below the channel and then below 1,260.03 has indicated the second hourly Elliott wave count was correct. Summary: Gold has likely had a trend change. The target is at 1,184. This may be met in about five weeks. Always use a stop. Invest only 1-5% of equity on...
by Lara | Aug 4, 2017 | Education, Public Analysis, S&P500, Trading Tips
A simple classic technical analysis pattern may answer the question of what direction to expect tomorrow from the S&P500 upon release of Non Farm Payroll data. This release is expected to move markets strongly:. Click chart to enlarge. Pennants are reliable...
by Lara | Aug 3, 2017 | Gold |
An upwards day was again expected as most likely, but this is not what happened. Price remains above the invalidation point on the main hourly chart, and has quickly returned to within the blue channel. Summary: While price remains above 1,260.03 and within the...
by Lara | Aug 3, 2017 | Education, Gold, Public Analysis |
For those who want to hone their Elliott wave knowledge, have a go at spotting my deliberate mistakes: Click chart to enlarge. This one is easy (at least, I think it is and I’ve really tried to make it easy). There is one mistake in the triangle (just one!) and...
