Price still remains within an identified consolidation zone. Friday’s strong upwards day lacks support from volume. The breakout from a flag pattern is suspicious.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 15, 2019
The week was expected to begin with a little downwards movement to a target at 50.91 to 50.82. The week did begin with a little downwards movement, finding a low at 51.24, 0.33 short of the target zone.
An update for members intra-week, on the 13th of February, indicated a low was likely in place. Thereafter, price has moved higher to end the week.
Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – February 15, 2019
Price remains range bound and strong support continues to hold. Price points for support and resistance are identified. A breakout is required for confidence in the next trend.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 14, 2019
An outside day remains range bound. A breakout from this consolidation is required to indicate the next trend.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 13, 2019
A small range inside day leaves all Elliott wave counts unchanged today.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 12, 2019
Price remains within the consolidation zone. While strong support holds, the preferred Elliott wave count will remain at a critical juncture.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 11, 2019
Last week’s analysis for Silver warned of a possible trend change. Price has moved lower this week, which was expected.
Continue reading SILVER: Elliott Wave and Technical Analysis | Charts – February 8, 2019
Downwards movement this week fits both short-term outlooks. Classic analysis is used to determine the probability of each with clear price points for a breakout.
Continue reading GOLD: Elliott Wave and Technical Analysis | Charts – February 8, 2019
Some downwards movement was expected for this week. After a very slight new high on Monday, this is how the week unfolded.
Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – February 8, 2019
