by Lara | Feb 25, 2016 | Gold |
A correction was expected to continue. A small real body for mostly sideways movement fits the expectation. Summary: The correction is still incomplete. It looks like it may most likely continue sideways as a triangle which may end in three more trading days. It is...
by Lara | Feb 24, 2016 | Silver
Last week expected a correction to end soon. The correction has continued for the entire week. Summary: The trend is up. Silver should end a correction very soon, a further four daily candlesticks at the most. With the Elliott channel breached, a simple trend line is...
by Lara | Feb 24, 2016 | Gold |
Last analysis expected a correction should continue. Although price breached a short term upper invalidation point the red candlestick with a long upper shadow fits a correction. Summary: The correction is most likely still incomplete. It may continue sideways for a...
by Lara | Feb 23, 2016 | Gold |
One of the remaining two hourly Elliott wave counts was invalidated. I will continue to consider all possibilities. I have a new idea today. Summary: The correction is incomplete. If it totals a Fibonacci thirteen when complete, then it may end in another five...
by Lara | Feb 23, 2016 | US Oil |
Upwards movement above 33.60 invalidated last week’s US Oil Elliott wave count. I have three alternates for you today. Summary: The situation for US Oil for the first time in a long time is remarkably unclear. The only thing that is clear is the monthly chart...
by Lara | Feb 22, 2016 | Gold |
Two hourly Elliott wave counts were invalidated, which leaves only two. The situation is becoming clearer. Summary: Minute wave iv may continue sideways as a triangle, possibly for six more days to total a Fibonacci thirteen. In the short term, a new high above...
by Lara | Feb 19, 2016 | Gold |
To end this week, I still have just the one daily chart but now four hourly wave counts. I will not try to pick a winner. The labelling of 1-2-3-4 is not intended to indicate which is more or less likely. Volume and price next week should tell us which one is correct....
by Lara | Feb 18, 2016 | Gold |
Again, I have three hourly wave counts. Volume is used to indicate which is most likely. Summary: Minute wave iv may be over. As long as price remains above 1,216.92, this should be expected to be the most likely scenario. The target for a strong fifth wave up is at...
by Lara | Feb 18, 2016 | Silver
Last week’s analysis expected downwards movement for Silver for a correction. This is what has happened over the last few days. Summary: The trend is up. Silver may end a correction soon. If Silver finds support at the lower trend line on the daily chart, then...
