by Lara | May 5, 2017 | Public Analysis, Silver
Last week’s analysis expected it was fairly likely price may continue to fall at least slightly below 16.82. This is what has happened. Summary: Assume the trend remains the same until proven otherwise. Draw a channel about downwards movement on an hourly chart...
by Lara | May 4, 2017 | Gold, Gold Historical |
Another strong downwards day was not expected to break below a support line that extends back to December 2016. Price action today suggests the weekly alternate count, or a variation thereof, now is more likely. Summary: The outlook is now fairly bearish. Expect a...
by Lara | May 3, 2017 | Gold |
Price has moved slightly below the target on the alternate hourly wave count, which was at 1,244. The next 24 hours should provide clarity. Summary: If upwards movement breaks above the channel on the hourly chart, then the main wave count should be used. A low may be...
by Lara | May 2, 2017 | US Oil |
Advice on how to manage short positions, specifically how to calculate a daily trailing stop, is given today for members to protect profits. Summary: The target is at 28.61 minimum. Downwards movement may show a further increase in momentum. Some divergence today...
by Lara | May 2, 2017 | Gold |
Price moved slightly lower, which was not what the main wave count expected, but it was allowed for. No confirmation of a trend change has yet been seen. Summary: The upwards trend should resume here or very soon. Confidence may be had in this expectation if price...
by Lara | May 1, 2017 | Gold |
Downwards movement was expected for Monday to end about 1,257. Price moved lower as expected reaching 3.52 below the target so far. Summary: The upwards trend should resume. Confidence may be had in this expectation if price makes a new high above 1,268.38 and breaks...
by Lara | Apr 29, 2017 | Gold |
Recent price behaviour and volume suggest the alternate Elliott wave count from last analysis has a higher probability, so in today’s analysis it is now the main wave count. Summary: A slight new low may end about 1,257 on Monday. Thereafter, the upwards trend...
by Lara | Apr 27, 2017 | Silver |
Last week expected the pullback was over but price has kept falling. A new wave count is now the main wave count, which has support from classic technical analysis. Summary: Price is falling hard and this fall may not be over yet. It looks now fairly likely it may end...
by Lara | Apr 27, 2017 | Gold |
An inside day fits both Elliott wave counts. Classic technical analysis will be used to determine which one may be more likely. Summary: Watch the best fit channel on the hourly chart carefully. If price breaks above the upper edge, then a low is very likely in for...
