by Lara | Jun 9, 2016 | Gold |
The main Elliott wave count expected upwards movement but the target at 1,267 was inadequate. A new high above 1,269.07 has invalidated the alternate Elliott wave count at the daily chart level, leaving only one wave count now. We have some clarity for the bigger...
by Lara | Jun 9, 2016 | Silver, Silver Historical |
A trend change was confirmed first with a channel breach and then with a new high above 16.554. Summary: A third wave up may be underway. Within this structure, a first wave may be either complete or very close to completing. A second wave correction should offer an...
by Lara | Jun 8, 2016 | Gold |
The main Elliott wave count yesterday expected more upwards movement to a target at 1,255 or 1,267. So far price has moved higher as expected reaching 1,263.97. Summary: The main wave count has a higher probability. It expects an upwards wave to end about 1,267....
by Lara | Jun 7, 2016 | Gold |
The Elliott wave counts are swapped over today. The long term target remains the same for the new main Elliott wave count. The short term target is changed. Summary: The main wave count expects an impulse to end with a final fifth wave up at 1,255. Thereafter, a...
by Lara | Jun 7, 2016 | US Oil |
The channel is breached. So far price has not made a new high after the breach. Summary: Downwards movement looks most likely from here for several weeks. The target range is 26.06 to 16.88. New updates to this analysis are in bold MONTHLY ELLIOTT WAVE COUNT Click...
by Lara | Jun 6, 2016 | Gold |
Sideways movement fits the second Elliott wave count better than the first, but both remain valid while price remains range bound. Summary: At this stage, I would judge the two wave counts to now have an even probability (although volume and On Balance Volume do...
by Lara | Jun 4, 2016 | Gold |
Strong upwards movement was unexpected, but it has taken price up to one of the two possible targets for a multi day correction to end. Summary: The main wave count still expects intermediate (2) is not over. A new low short term below 1,220.16 would add confidence to...
by Lara | Jun 2, 2016 | Gold |
Sideways movement was expected. A red candlestick with a small real body fits expectations for the session. Summary: Another one to two days of sideways movement is expected at this stage, followed by a short sharp thrust lower to support at 1,190 or the target at...
by Lara | Jun 2, 2016 | Silver |
Last week’s analysis expected more downwards movement towards a target at 15.933 or 15.113. Downwards movement continued and so far has reached 15.818. Summary: The structure may now be complete but a trend change is unconfirmed. Assume the trend remains down,...
