by Lara | May 5, 2016 | Silver
The downwards movement expected for Silver did not happen. Summary: Silver looks overbought and due for a correction. It may find support about 16.70. The larger trend remains up. New updates to this analysis are in bold. WEEKLY WAVE COUNT Click chart to enlarge. If...
by Lara | May 4, 2016 | Gold |
Price moved lower again as yesterday’s Elliott wave count expected. Summary: The correction now looks to be complete. Price looks like it may be exhibiting a typical throwback to support after an upwards breakout. On Balance Volume may assist to stop the fall in...
by Lara | May 3, 2016 | Gold |
Price moved lower as yesterday’s Elliott wave count expected. Summary: The correction is incomplete. The target is either 1,278 or 1,263, with the lower target slightly more likely. The correction may end in one more day. This correction presents an opportunity...
by Lara | May 3, 2016 | US Oil |
A new high above 44.49 confirmed more upwards movement. The target remains the same. There is only one Elliott wave count this week for Oil. Summary: Expect that the trend remains the same, up, while price remains within the dark blue channel. The target remains at...
by Lara | May 2, 2016 | Gold |
Price has moved a little lower after a channel breach of the hourly chart. The long term Elliott wave targets remain the same. Summary: In the short term, a second wave correction, when it is over, may present an opportunity to join the upwards trend. The short term...
by Lara | Apr 30, 2016 | Gold |
Gold has broken out of a consolidation upwards exactly as expected. Summary: Expect price to keep rising while it remains within the best fit channel on the hourly chart. The target for this trend to end is at this stage 1,477. If the channel is breached, then draw a...
by Lara | Apr 28, 2016 | Gold |
Gold is still range bound. On Balance Volume is giving a clear and strong signal today of what direction price should be expected to break out of this range. Summary: Gold is still technically range bound but an upwards breakout may be imminent. On Balance Volume is...
by Lara | Apr 28, 2016 | Silver
More downwards movement was expected for Silver. Price has moved lower but not as much as expected. Summary: On balance, the expectation is for Silver to move a little lower for at least a few days. However, the picture is somewhat unclear. If a new high above 17.72...
by Lara | Apr 27, 2016 | Gold, Public Analysis |
Gold remains within a consolidation. The question is: What direction will price break out? On Balance Volume is today giving an indication. Summary: Gold is still range bound. On Balance Volume is today indicating the breakout direction is more likely to be up. It may...
