by Lara | Jun 29, 2017 | Gold |
Gold remains within the consolidation zone after another day of essentially sideways movement, which was expected. Summary: A downwards breakout from this consolidation may now come within the next 24 hours. A new low now below 1,240.17 would indicate price may be...
by Lara | Jun 29, 2017 | Public Analysis, Silver
Stops should have been set just above 16.726. If they were set, they were triggered on the 23rd of June closing short positions for a profit. Summary: Silver is range bound with support about 16.05 – 15.70 and resistance about 18.55 – 18.65. Currently, it...
by Lara | Jun 28, 2017 | Gold |
Last analysis pointed out that Gold price is currently consolidating. A choppy day that moved price slightly higher remains within the consolidation zone. This is mostly what was expected. Summary: Price is consolidating. The Elliott wave count sees intermediate (B)...
by Lara | Jun 28, 2017 | Education, Gold, Public Analysis, Reference
One of my favourite Technical Analysis texts is the classic “Technical Analysis of Stock Trends” by Magee. In this book Magee describes how to draw trend lines for bull and bear markets. Click chart to enlarge. To draw a trend line in a bear market draw...
by Lara | Jun 27, 2017 | Gold |
The main Elliott wave count expected upwards movement. An inside day has closed green. Summary: Price is consolidating. The Elliott wave count sees intermediate (B) continuing as either a flat or triangle. Consolidations do not present good trading opportunities, but...
by Lara | Jun 27, 2017 | US Oil |
Stops are now protecting profit on short positions. The target remains the same. Members this week may have a little more confidence in the main Elliott wave count now that an alternate has been invalidated. Summary: Adjust the best fit channel very slightly using the...
by Lara | Jun 26, 2017 | Gold |
A downwards reaction was expected for Monday, which is exactly what has happened. Summary: The main wave count now expects upwards movement for at least one session to 1,262 – 1,265. A new high above 1,254.66 would add substantial confidence to this target zone....
by Lara | Jun 23, 2017 | Gold |
Upwards movement has continued as the main Elliott wave count expected. Summary: A bounce or a sideways consolidation has begun within the larger downwards trend. With On Balance Volume at resistance, price at resistance, and weak volume for Friday, look out for a...
by Lara | Jun 22, 2017 | Silver |
Last analysis expected downwards movement, which is what has happened. Members who took last week’s trading advice to enter short on the bounce of the 14th of June should now have profitable positions. Advice is given this week on how to manage those profitable...
