by Lara | Apr 26, 2016 | Gold |
Another small range day continues the consolidation. Summary: Gold is still range bound. There are still at least two valid wave counts for this correction and they encompass four possible structures which may unfold this week. This means that short term price swings...
by Lara | Apr 26, 2016 | US Oil |
The Elliott wave count is changed this week. There is a new monthly wave count with a main daily, and an alternate daily Elliott wave count. Summary: A new high above 44.49 would confirm more upwards movement, with a target at 51.09. Volume favours a bullish move...
by Lara | Apr 25, 2016 | Gold |
Price is still consolidating. Downwards movement was expected as most likely, but price moved slightly higher on a very quiet day with very light volume. Summary: Gold is still range bound. There are still at least two valid wave counts for this correction and they...
by Lara | Apr 22, 2016 | Gold |
Downwards movement was expected from both hourly Elliott wave counts. Summary: Gold is still range bound. There are still at least two valid wave counts for this correction and they encompass four possible structures which may unfold next week. This means that short...
by Lara | Apr 22, 2016 | Silver |
Again, the main Elliott wave count expected downwards movement which is not what happened. A new high above 17.483 indicated more upwards movement instead. The target at that stage was 18.928. So far price has reached up to 17.72. Summary: A blowoff top today...
by Lara | Apr 21, 2016 | Gold |
A new high above 1,262.47 invalidated the main hourly Elliott wave count and confirmed the alternate. I have three Elliott wave counts for you today. Summary: Gold is still range bound. There are still at least two valid wave counts for this correction and they...
by Lara | Apr 20, 2016 | Gold |
Downwards movement was expected from the main Elliott wave count. Summary: A new low below 1,223.77 would provide strong confirmation for the main wave count as both alternates would then be invalidated. A new high above 1,262.47 would confirm the alternate hourly...
by Lara | Apr 19, 2016 | Gold |
Downwards movement was expected from the main Elliott wave count. The main hourly count was invalidated above 1,241.55 and the alternate was confirmed. The alternate expected more upwards movement. Summary: A new low below 1,223.77 would provide strong confirmation...
by Lara | Apr 19, 2016 | US Oil |
Last week’s main Elliott wave count expected upwards movement to end soon and be followed by some downwards movement. This is what has happened so far. Summary: The alternate wave count is invalidated. Only one wave count is left. The target for downwards...
