by Lara | Jul 3, 2015 | Gold |
A small upwards correction was expected for the very short term, which is what is happening as the week comes to a close. Summary: It is likely that Monday will see a little more upwards movement to 1,181 – 1,184. Thereafter, both bull and bear wave counts need...
by Lara | Jul 2, 2015 | Gold |
A little upwards movement was expected to 1,180 before more downwards movement, but this is not what happened. At the daily chart level, a new low below 1,162.80 strongly favours the bear Elliott wave count. Summary: It is increasingly likely that the trend is down....
by Lara | Jul 1, 2015 | Gold |
Price has moved slowly lower on slightly lower volume. This downwards movement looks corrective and fits both bull and bear Elliott wave counts. Summary: In the very short term (next 24 hours) a little upwards movement to 1,180 may complete a small second wave...
by Lara | Jun 30, 2015 | Gold |
It was expected to be most likely that downwards movement would continue, which is what has happened. Price moved lower to complete a red candlestick. Summary: The bull and bear wave counts now diverge strongly: the bear wave count now expects a strong third wave to...
by Lara | Jun 29, 2015 | Gold |
Upwards movement to at least a little above 1,178.78 was expected for both Elliott wave counts. Targets were either 1,181 or 1,186 – 1,188. Price moved higher as expected to reach up to just 0.16 above the second target. Summary: It is most likely that downwards...
by Lara | Jun 28, 2015 | Silver, Silver Historical
In line with Gold analysis, I have a bull and a bear Elliott wave count for Silver. Price will tell us which one is correct, but before that happens structure and volume will indicate which is more likely. Bull Wave Count Click chart to enlarge. If cycle wave a is...
by Lara | Jun 28, 2015 | US Oil, US Oil Historical |
The channel about intermediate wave (C) is finally breached. Summary: I am expecting a fifth wave down. Typical of commodities, this may be swift and strong and may offer an excellent trading opportunity. I am looking for an entry point to hold a trade for weeks /...
by Lara | Jun 26, 2015 | Gold |
A small green candlestick fits both hourly Elliott wave counts perfectly. Summary: This correction is not done yet. Monday should see some upwards movement to at least a little above 1,178.78. Targets are either 1,181 or 1,186 – 1,188. When there is a complete...
by Lara | Jun 25, 2015 | Gold |
A channel breach on the hourly bull Elliott wave count indicated a small correction may have arrived. Summary: Friday should see a little upwards movement most likely to end about 1,188. Thereafter, another five down should begin. If it makes a new low below 1,162.80,...
