by Lara | Oct 23, 2015 | Gold |
Price whipsawed taking out both invalidation points and providing more confusion, not clarity. Summary: More downwards movement is likely at least for the short / mid term. The target is 1,142 to be met in two days time. A new low below 1,120.32 would be very bearish...
by Lara | Oct 22, 2015 | Gold |
Again, upwards movement was expected but did not happen. Price moved slightly lower to make a new low just 1.2 below the prior day’s low and complete a small red doji. Summary: A new high above 1,174.51 is required to have confidence that upwards movement shall...
by Lara | Oct 21, 2015 | Silver, Silver Historical
Silver has been in a bear market since April 2011. Summary: The bear market must be assumed to remain intact while price remains within the bear market channel. From an Elliott wave perspective, there are still at least three possible wave counts for Silver at the...
by Lara | Oct 21, 2015 | Gold |
Upwards movement was expected. This is not what happened. The invalidation point on the hourly chart was breached by unexpected downwards movement. Summary: The structure is still incomplete. I am moving the degree of labelling for this correction up one more degree...
by Lara | Oct 20, 2015 | Gold |
Upwards movement was expected. Price moved slightly lower first to invalidate the main hourly Elliott wave count and confirm the alternate, and then price moved higher to complete a green candlestick. Summary: Upwards movement should continue to the target which is...
by Lara | Oct 19, 2015 | US Oil, US Oil Historical |
Downwards movement for the week was expected for US Oil. Summary: Downwards movement is still expected, but a trend change is still not yet confirmed. It is important to wait for confirmation before having confidence in this wave count. A full daily candlestick below...
by Lara | Oct 19, 2015 | Gold |
Sideways movement was expected for Monday. Price has moved lower, not sideways, remaining just above the invalidation point on the hourly chart. Summary: Upwards movement is expected to 1,198 – 1,202. The target may be met in one to three days time. Overall, all...
by Lara | Oct 16, 2015 | Gold |
Short term some sideways movement was allowed for and this is what is happening. The breakout direction is still expected to be the same for all wave counts. Summary: Short term I expect Monday to continue a sideways drift. When it is done price should breakout...
by Lara | Oct 15, 2015 | Gold |
More upwards movement was expected and price made a new high. All the Elliott wave counts remain mostly the same and expect exactly the same direction next. Summary: The target for upwards movement to be interrupted is still at 1,198. The final line of resistance is...
