by Lara | May 29, 2017 | Gold |
A small range inside day saw price move slowly sideways. Summary: In the short term, a new low below 1,259.61 prior to a new high would add confidence in a trend change back to down. At that stage, the target would be 1,140 although this may be too low. A new high...
by Lara | May 27, 2017 | Gold |
An upwards breakout looks to have occurred earlier than expected. Summary: In the short term, a new low below 1,259.61 prior to a new high would add confidence in a trend change back to down. At that stage, the target would be 1,140 although this may be too low. A new...
by Lara | May 25, 2017 | Gold |
Further sideways movement was expected. The consolidation continues. Summary: The breakout may be upwards, but it may be relatively short and brief. Thereafter, a new downwards trend may develop. The consolidation is most likely incomplete. In the short term, a new...
by Lara | May 24, 2017 | Silver
Downwards movement was expected for the last week from Silver. Price has moved higher. Summary: Use the pink Elliott channel on the first daily chart. If price breaks below the channel, expect the next wave down has begun. Stops may be set just above the last swing...
by Lara | May 24, 2017 | Gold |
A consolidation was expected to continue. So far this week that is exactly what is happening as price remains range bound. Summary: The consolidation continues. A new high reasonably above 1,263.71 now would indicate an upwards breakout and the target would be either...
by Lara | May 23, 2017 | US Oil |
Downwards movement was expected after last week’s analysis, but this is not what happened. Price has continued to move higher. Summary: Divergence today with price and volatility, price and On Balance Volume, and price and Stochastics more strongly suggests the...
by Lara | May 23, 2017 | Gold |
Sideways or slowly higher movement was expected. Tuesday has completed an outside day and Gold appears to be developing a small trading range with resistance about 1,265 and support about 1,245. Summary: Price is consolidating. Another one to few days of sideways...
by Lara | May 23, 2017 | Public Analysis, USD Index |
The USD Index has been moving lower since January 2017. ELLIOTT WAVE ANALYSIS MONTHLY CHART Click chart to enlarge. A Super Cycle degree impulse looks to be incomplete for Super Cycle wave (I). Cycle waves I, II and now III look complete within Super Cycle wave (I)...
by Lara | May 22, 2017 | Gold |
End of week analysis expected sideways or higher movement for the new week. So far this is what is happening with Monday completing an upwards day that has not yet made a new high above last week’s high. Summary: It looks like price may continue sideways or...
