by Lara | Jul 26, 2017 | Gold, Public Analysis |
US Fed interest rate decision is due out at 2 p.m. EST on 26th of July, and this may move the Gold market strongly two hours before New York closes. Click chart to enlarge. Simple support and resistance may be used to tell in which direction Gold may move and where it...
by Lara | Jul 25, 2017 | Gold |
A small correction was expected to move sideways and end within 24 hours. Downwards movement still fits the Elliott wave count (although deeper than expected) and price remains above the invalidation point on the hourly chart. Summary: While price remains above...
by Lara | Jul 25, 2017 | US Oil |
A target for the bounce to end was given in last analysis at 47.96 to 48.91. Price reached up to 47.74, just 0.22 short of the target. Summary: The bounce now looks likely to be over. This is supported by short term volume and divergence with volatility. If the orange...
by Lara | Jul 24, 2017 | Gold |
A short term target at 1,264 has not been met; price has fallen $5.41 short. However, price did make a new high at the start of Monday’s session and overall upwards movement continues as expected. Summary: A small consolidation may continue sideways and complete...
by Lara | Jul 22, 2017 | Gold |
Upwards movement continues as expected towards the target. A short term target is now provided. Summary: The short term target is now at 1,264. About here another small consolidation to last about two days may unfold, to be followed by a final small upwards wave that...
by Lara | Jul 20, 2017 | Gold |
Upwards movement overall continues towards the target. Today the invalidation point on the hourly Elliott wave chart was invalidated by 1.05 before price turned upwards again. Summary: The target is now at 1,260. It may now be met within five sessions. There should be...
by Lara | Jul 19, 2017 | Silver
Last analysis expected a new low to 15.17 before a trend change. There was no new low, but there has been a bounce. Summary: Upwards movement should continue to about 17.30 in the first instance. However, weakness in volume and range does not support the new upwards...
by Lara | Jul 19, 2017 | Gold |
An inside day completes a doji, as seen on the daily Elliott Wave and Technical Analysis charts. Summary: The target is now at 1,260. Classic technical analysis still offers more support for the main wave count than the alternate. Always use a stop. Invest only 1-5%...
by Lara | Jul 18, 2017 | Gold |
Price has overcome resistance at 1,236.50. The target on the alternate Elliott wave count has been reached. Summary: A break above resistance with some support from volume looks bullish. Stronger volume today suggests this upwards movement is not over. The target is...
