by Lara | Jul 26, 2017 | Gold |
A pullback was expected when price made a new low below 1,244.28, but it was expected to be a little deeper though: price fell $6 short of the first target at 1,238. The overall trend remains up, which still fits the Elliott wave count. Summary: For now the trend is...
by Lara | Jul 26, 2017 | Trading Tips
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by Lara | Jul 26, 2017 | Gold, Public Analysis |
US Fed interest rate decision is due out at 2 p.m. EST on 26th of July, and this may move the Gold market strongly two hours before New York closes. Click chart to enlarge. Simple support and resistance may be used to tell in which direction Gold may move and where it...
by Lara | Jul 25, 2017 | Gold |
A small correction was expected to move sideways and end within 24 hours. Downwards movement still fits the Elliott wave count (although deeper than expected) and price remains above the invalidation point on the hourly chart. Summary: While price remains above...
by Lara | Jul 25, 2017 | US Oil |
A target for the bounce to end was given in last analysis at 47.96 to 48.91. Price reached up to 47.74, just 0.22 short of the target. Summary: The bounce now looks likely to be over. This is supported by short term volume and divergence with volatility. If the orange...
by Lara | Jul 24, 2017 | Gold |
A short term target at 1,264 has not been met; price has fallen $5.41 short. However, price did make a new high at the start of Monday’s session and overall upwards movement continues as expected. Summary: A small consolidation may continue sideways and complete...
by Lara | Jul 22, 2017 | Gold |
Upwards movement continues as expected towards the target. A short term target is now provided. Summary: The short term target is now at 1,264. About here another small consolidation to last about two days may unfold, to be followed by a final small upwards wave that...
by Lara | Jul 21, 2017 | Public Analysis, USD Index
The USD index has been trending lower for six months now. A simple wave count at the monthly chart level may indicate what is most likely to happen next. Click chart to enlarge. The Elliott channel (maroon) about cycle wave III is drawn using the first technique: a...
by Lara | Jul 20, 2017 | Gold |
Upwards movement overall continues towards the target. Today the invalidation point on the hourly Elliott wave chart was invalidated by 1.05 before price turned upwards again. Summary: The target is now at 1,260. It may now be met within five sessions. There should be...
