by Lara | Aug 2, 2017 | Silver
Upwards movement continued at the start of the week towards the target. After almost reaching the target on the second Elliott wave count, and finding resistance at its channel, Silver has turned down. Summary: A pullback may have begun for Silver. If the blue Elliott...
by Lara | Aug 2, 2017 | Gold |
An upwards day was expected, but this is not what happened. Two hourly Elliott wave counts are used today. Summary: While price remains above 1,255.16 and within the blue channel, it is entirely possible that a high is not yet in place. There is some support today...
by Lara | Aug 2, 2017 | Education, Gold, Public Analysis
Volume analysis is essential to a full technical analysis. One of the simplest techniques is to look at volume during a consolidation and note which days, upwards or downwards, have strongest volume. Click chart to enlarge. Gold has been within a large consolidation...
by Lara | Aug 1, 2017 | Gold |
Upwards movement continues as expected. A downwards whipsaw breached the invalidation point on the hourly chart, which was too close. Summary: The target is 1,277. Use the blue Elliott channel on the daily and hourly charts to indicate when price has turned. Expect...
by Lara | Jul 31, 2017 | US Oil |
Upwards movement for the last week for US Oil was not expected and has breached an important trend line. The Elliott wave count this week is changed. Summary: Expect Oil now to continue higher to reach above 52.00. Use the pink base channel on the daily chart; if that...
by Lara | Jul 31, 2017 | Gold |
Overall, more upwards movement was expected; a slight new high fits the main Elliott wave count. Downwards movement during Monday’s session remained above the short term invalidation point on the hourly chart. Summary: The target is 1,277. Use the blue Elliott...
by Lara | Jul 29, 2017 | Gold |
Upwards movement was unexpected for Friday. Summary: In the short term, the situation after Friday looks more bullish. The target is again 1,277. Use the blue Elliott channel on the daily and hourly charts to indicate when price has turned. Expect more upwards...
by Lara | Jul 27, 2017 | Gold |
The target for more upwards movement was 1,277, but it has not been met yet. Price did make a slight new high. Summary: It looks likely that a high may be in place. Have some confidence in this view if the blue channel is breached, and then more confidence if price...
by Lara | Jul 27, 2017 | Silver
Last week’s Elliott wave analysis expected upwards movement to continue to about 17.30 in the first instance. So far upwards movement has continued as expected, reaching 0.56 short of the first target. Summary: Upwards movement should still continue to about...
