by Lara | Nov 11, 2016 | Gold |
A new low below 1,242.87 has invalidated the main Elliott wave count and confirmed the more bearish alternate. There is only one wave count now. Summary: The classic technical analysis is very bearish. Corrections are an opportunity to join the trend. A correction to...
by Lara | Nov 10, 2016 | Gold |
A consolidation was expected. Downwards movement remains above the invalidation point on the main Elliott wave count. Summary: A consolidation is expected to move sideways for about three weeks. This may be a B wave within a B wave, which do not present good trading...
by Lara | Nov 10, 2016 | Silver
Last week expected an upwards trend was in place. Price continues higher as expected. Summary: An upwards trend is in place. The target is either 24.602 or 23.093. The invalidation point is 17.763. In the short term, a small consolidation may unfold sideways and lower...
by Lara | Nov 5, 2016 | Gold |
Upwards movement was expected for Friday’s session. An inside day closed green. Summary: A very slight new high to 1,308 on Monday may complete an impulse up for a third wave. This may be followed by a few days of sideways movement for a fourth wave, which...
by Lara | Nov 3, 2016 | Silver
Price has broken out of a small consolidation upwards, not downwards. The wave count is changed. Summary: An upwards trend is in place. The target is either 24.61 or 23.093. The invalidation point is 17.863. New updates to this analysis are in bold. To see how this...
by Lara | Oct 28, 2016 | Silver |
Again, a downwards breakout from a consolidation was expected and has not yet happened. Price continues sideways within a small range finding support right at the trend line on the daily chart. Summary: A downwards breakout is still expected from a small...
by Lara | Oct 20, 2016 | Silver |
Last Elliott wave analysis expected downwards movement for both wave counts. This is not what happened. Price has moved slowly higher over the week. Summary: A downwards breakout is expected from a small consolidation. The Elliott wave target is at 16.410 and the...
by Lara | Oct 13, 2016 | Silver |
More downwards movement was expected for the short term for Silver. So far Silver has moved slightly lower. Summary: A strong bearish signal from On Balance Volume this week at the weekly chart level supports the first alternate Elliott wave count, which expects...
by Lara | Oct 12, 2016 | Gold |
Gold continues to move overall sideways within a small range. The main Elliott wave count still expects a breakout in a very few days. Summary: A small consolidation continues and may continue for another two or five more days. There is no support for upwards...
