by Lara | Jul 11, 2017 | Gold |
Yesterday’s hourly chart expected a bounce to about 1,218. The high for the session was 1,217.79. Summary: The trend is still most likely down. In the short term, a bounce is either over here or may continue higher for another day. If price makes a new high by...
by Lara | Jul 11, 2017 | US Oil |
After the strong downwards session of the 5th of July, there was an update to technical analysis posted in comments of the last published post for US Oil which expected the bounce was most likely over. Price has moved down from there as expected so far. Summary:...
by Lara | Jul 10, 2017 | Gold |
More downwards movement was expected. A lower low and a lower high for Monday fits expectations. Summary: The trend is still most likely down. Profit target is now at 1,183 (measured rule) or 1,160 (Elliott wave). Always use a stop and invest only 1-5% of equity on...
by Lara | Jul 9, 2017 | Gold, Public Analysis |
On June 27th I published a daily chart of Gold with a simple trend line. In that post I posed the question: “How Gold behaves at this trend line in the next few days will be a strong indicator. Does the bull run continue or is it over?” Click chart to...
by Lara | Jul 9, 2017 | Gold |
A small bounce to about 1,228 to 1,230 was expected before downwards movement resumed, but this is not what happened. The high was already in place. Summary: The trend is down. Corrections, even small ones, present an opportunity to join the trend. Profit target is...
by Lara | Jul 6, 2017 | Gold |
Some upwards movement was expected, which is exactly what has happened. Summary: Expect a small bounce to end either about 1,228 – 1,230, or a little below 1,228. Thereafter, look out for strong downwards movement. This correction is an opportunity to join the...
by Lara | Jul 5, 2017 | Silver |
An upwards swing was expected but did not happen. Summary: Silver is range bound with support about 16.05 – 15.70 and resistance about 18.55 – 18.65. It looks likely that a downwards breakout may be imminent for Silver. New updates to this analysis are in...
by Lara | Jul 5, 2017 | Gold |
More sideways and upwards movement was expected. An outside day which closed higher fits expectations. Summary: Expect price to continue higher to about 1,233 to 1,237. This may offer a good entry point for a short position. It is strongly recommended that members...
by Lara | Jul 4, 2017 | US Oil, US Oil Historical |
Short positions were exited for a profit when price breached a channel. Now a deep bounce is underway exactly as expected. Summary: The bounce looks incomplete. If price comes up to touch the pink base channel on the daily chart, then enter short there. Stops should...
