by Lara | Nov 16, 2017 | Gold |
Last analysis warned Elliott Wave Gold members that gold may continue sideways in the current consolidation for a while yet. Another very small range day moves price essentially sideways on very light volume. This market is consolidating. Volume will be used to guide...
by Lara | Nov 16, 2017 | Public Analysis, Silver
Price was expected to move higher, but sideways movement suggests a triangle is forming for the short term. Two Elliott wave triangle counts are considered, and the classic symmetrical triangle is examined in this analysis. Summary: A triangle may be either complete...
by Lara | Nov 15, 2017 | Gold |
Another slightly higher high and higher low sees price move upwards in slow, choppy overlapping movement. Although price is overall moving higher as has been expected, the choppy overlapping movement is now indicating that this B wave may be a triangle. That...
by Lara | Nov 14, 2017 | US Oil
Last analysis expected a sideways consolidation to last about eight sessions. Price has moved sideways and lower for the last four sessions. Summary: As long as price remains above 52.86, then expect this consolidation may be over here or very soon. The target for...
by Lara | Nov 14, 2017 | Gold |
Members were advised in last Elliott wave analysis that price may move lower in the very short term to test support at a trend line, which was given on hourly charts. Thereafter, price was expected to turn upwards. This is what has happened. Price moved strongly...
by Lara | Nov 13, 2017 | Gold |
Volume will be relied upon strongly today to judge the next most likely direction for Gold. Summary: An upwards swing is expected to continue here to end about resistance at 1,305 to 1,310. Along the way up, there may be another small sideways movement to last one to...
by Lara | Nov 11, 2017 | Gold |
Downwards movement remains above the invalidation points on the daily charts. Price remains within the consolidation zone which it entered back on the 27th of September. Price does not move in straight lines within consolidations, and Friday’s strong downwards...
by Lara | Nov 9, 2017 | Silver
Last week’s Silver analysis expected upwards movement to continue for the short term. This is exactly what has happened for the week. The targets remain the same. Summary: Expect upwards movement for the short term to at least 17.505. Movement may continue to as...
by Lara | Nov 9, 2017 | Gold |
Upwards movement continues as expected for this analysis. On Balance Volume today gives an important signal that will be given reasonable weight in this analysis. Summary: On Balance Volume gives a bullish signal today; have confidence now that price should follow...
