by Lara | Apr 7, 2016 | Gold |
The first hourly Elliott wave chart was invalidated with a new high above 1,236.56 confirming the second hourly Elliott wave count. The second wave count expected upwards movement to 1,244. So far price has reached 1,243.19. Summary: Upwards movement would most likely...
by Lara | Apr 7, 2016 | Silver |
Price moved slightly higher and then turned down exactly as the main Elliott wave count expected. The alternate Elliott wave count is invalidated. Summary: Overall downwards movement may end in a few days at about 14.514. When this second wave correction is complete,...
by Lara | Apr 6, 2016 | Gold |
The main Elliott wave count so far is playing out as expected. The main Elliott wave count expected a short swing down to about 1,215. Price moved lower and turned at 1,217.22. Summary: A little upwards movement to 1,230 would end a triangle. Thereafter, price should...
by Lara | Apr 5, 2016 | Gold |
The situation is still unclear. Three Elliott wave counts are presented today. Summary: Sideways movement is unconvincing as a C wave up. A break now above 1,236.56 would indicate more upwards movement as likely to above 1,275.24 and maybe as high as 1,302. A break...
by Lara | Apr 5, 2016 | US Oil |
Last week’s analysis of US Oil expected more downwards movement, which is what happened. Summary: Downwards movement is expected to continue for several weeks although it may not be in a straight line, a B wave upwards may yet unfold within it. How low downwards...
by Lara | Apr 4, 2016 | Gold |
The situation remains unclear. Price is range bound. Summary: Price remains range bound. A break above 1,230.82 would indicate more upwards movement to about 1,302 short term, before another downwards swing. Alternatively, a break below 1,208.33 would indicate more...
by Lara | Apr 3, 2016 | Gold |
I have a new alternate Elliott wave count for you. Summary: If price makes a new low below 1,208.33 on Monday and remains below 1,235.16, then expect overall more downwards movement for another few days most likely to end about 1,131. This alternate is possible but...
by Lara | Apr 1, 2016 | Gold |
Upwards movement was again expected, but this is not what happened. Price moved lower turning just above the invalidation point. Summary: Price remains range bound. An upwards swing is most likely from about here. The Elliott wave target is at 1,302. New updates to...
by Lara | Mar 31, 2016 | Gold |
Upwards movement was expected. This is how the session began but most gains were retraced. Summary: Two wave counts today both expect more upwards movement. In the short term, a third wave up may still be beginning. It is reasonably likely that price will reach to...
