by Lara | Nov 28, 2016 | Gold |
The main Elliott wave count expected a green daily candlestick for Monday, which is what has happened. Summary: The target for a six month long wave up is 1,500 and some confidence may be had in this if price makes a new high above 1,204.05, and thereafter further...
by Lara | Nov 25, 2016 | Gold |
A short, sharp wave down to about 1,170 was expected for Friday’s session. This is what happened. Downwards movement reached 1,172.10 before reversing. Summary: Gold is in a downwards trend. The main Elliott wave count has little support from classic technical...
by Lara | Nov 24, 2016 | Silver
Another downwards week leaves all three Elliott wave counts valid, but one looking extremely unlikely. Summary: Bears are still looking tired. Look out for a trend change for Silver. When price turns up, if it remains below 18.979, then a bear market for Silver will...
by Lara | Nov 24, 2016 | Gold |
A very quiet sideways session while New York is closed for Thanksgiving Day includes a slight new low. This makes a difference to the short term picture for the main Elliott wave count. Summary: A small fourth wave triangle is ending. It should be followed by a short...
by Lara | Nov 23, 2016 | Gold |
The main Elliott wave count was invalidated with a new low below 1,204.05, and the target at 1,203 was inadequate for the alternate Elliott wave count. Summary: Another strong downwards day has support from volume, and indicators suggest the trend is down. A new low...
by Lara | Nov 22, 2016 | Gold |
Yesterday’s analysis expected upwards movement overall. Price has overall moved sideways and lower. So far an inside day is completing for Tuesday’s session. Summary: Upwards movement is expected from here. The target at 1,533 may be met in about six...
by Lara | Nov 22, 2016 | US Oil |
Last analysis expected an upwards correction was not over. Price has overall moved higher but remains below the invalidation point. Summary: A second wave correction may be over here or very soon. If it continues higher, price should find resistance about 49.25. The...
by Lara | Nov 21, 2016 | Gold, Public Analysis |
Last analysis expected upwards movement to begin the new week. So far this is what has happened. Summary: Upwards movement is expected from here. The target at 1,533 may be met in about six months time. There is divergence with price and Stochastics and RSI indicating...
by Lara | Nov 19, 2016 | Gold |
The target zone at 1,204 – 1,199 was almost met. Price made a low at 1,204.05 for Friday. Summary: Upwards movement is expected from here. The target at 1,533 may be met in about six months time. There is divergence with price and Stochastics and RSI indicating...
