by Lara | Nov 18, 2016 | Silver
Downwards movement over the last week invalidated the Elliott wave counts. Summary: The bears are looking tired. There is a very little weakness to downwards movement, but not enough to call a low in place. It is possible that price may move lower. New updates to this...
by Lara | Nov 17, 2016 | Gold |
A short, quick downwards wave was expected for Thursday’s session. A red daily candlestick fits this expectation. Summary: Look out for a trend change for Gold and the start of a new upwards wave to new highs, which may last about six months. The target for...
by Lara | Nov 16, 2016 | Gold |
Sideways movement continues but downwards movement was expected. The session did close with a red daily candlestick, but a new low was not made. Summary: A short, quick wave down to a new low may unfold here. If price remains below 1,232.48 in the short term and moves...
by Lara | Nov 15, 2016 | US Oil |
The Elliott wave count remains the same. Classic technical analysis is used to determine if current upwards movement is a new trend or a correction. Summary: At this stage, upwards movement looks like a deeper correction within a downwards trend. The correction is not...
by Lara | Nov 15, 2016 | Gold |
Yesterday’s Elliott wave and classic technical analysis expected some sideways / upwards movement for Thursday, which is exactly what happened. Price has found resistance right at the trend line on the daily chart. Summary: A short, quick wave down to a new low...
by Lara | Nov 14, 2016 | Gold |
More downwards movement unfolded as expected. Summary: Some weakness is now seen to this downwards movement. Volume today has declined further and the daily candlestick has a long lower wick. Some sideways / upwards movement may begin here for a few days. If this...
by Lara | Nov 11, 2016 | Gold |
A new low below 1,242.87 has invalidated the main Elliott wave count and confirmed the more bearish alternate. There is only one wave count now. Summary: The classic technical analysis is very bearish. Corrections are an opportunity to join the trend. A correction to...
by Lara | Nov 10, 2016 | Gold |
A consolidation was expected. Downwards movement remains above the invalidation point on the main Elliott wave count. Summary: A consolidation is expected to move sideways for about three weeks. This may be a B wave within a B wave, which do not present good trading...
by Lara | Nov 10, 2016 | Silver
Last week expected an upwards trend was in place. Price continues higher as expected. Summary: An upwards trend is in place. The target is either 24.602 or 23.093. The invalidation point is 17.763. In the short term, a small consolidation may unfold sideways and lower...
