by Lara | Jun 6, 2017 | Gold |
Upwards movement has invalidated the first weekly chart. With some adjustment, the triangle idea remains valid. Summary: In the short term, expect more upwards movement to a new target at 1,326. Stops may be now at 1,281.94 or just below the green channel on the...
by Lara | Jun 6, 2017 | US Oil |
Downwards movement continues as the Elliott wave analysis overall expects. Summary: Overall, downwards movement is still expected and bounces are an opportunity to enter short or to add to short positions. At this time, stops may be set just above the last swing high...
by Lara | Jun 5, 2017 | Gold |
Price moved sideways and then higher, which was what was expected from the Elliott wave count. Summary: A trend change is expected here; price is at very strong resistance. The target for the next wave down is either 1,157 to 1,149, or 1,140 or below. If the next...
by Lara | Jun 2, 2017 | Gold |
Upwards movement was unexpected and invalidated the hourly Elliott wave count. Summary: Some sideways movement to remain above 1,269.45 and then another short upwards movement to touch the maroon trend line is expected next week. If the trend line is touched, it...
by Lara | Jun 1, 2017 | Gold |
Downwards movement was expected for Thursday. Price did move lower to complete a red daily candlestick, but it was an inside day with a bullish long lower wick. Summary: A high may again be in place here or very soon indeed. When the new channel on the hourly chart is...
by Lara | Jun 1, 2017 | Silver
Price remained within the channel on the daily chart, so more upwards movement was allowed. With no channel breach, there is no indication of a trend change. Summary: Use the pink Elliott channel on the first daily chart. If price breaks below the channel, expect the...
by Lara | May 31, 2017 | Gold, Public Analysis |
Downwards movement was expected for Wednesday’s session, but this is not what happened. Summary: A high may again be in place here or very soon indeed. When the new channel on the hourly chart is breached, then confidence may be had in this view. The target is...
by Lara | May 30, 2017 | US Oil |
Downwards movement was expected and began strongly. So far upwards movement looks like another bounce. Classic technical analysis is used to see if it may be over, or if it may continue. Summary: In the short term, it is entirely possible that price may yet move a...
by Lara | May 30, 2017 | Gold |
A little upwards movement was expected but price fell $8 short of the target. Summary: The bounce for minor B looks complete. Downwards movement is expected for one to a few weeks. The first weekly chart has a target at 1,141. The second weekly chart has a target...
