by Lara | Dec 6, 2019 | US Oil
US OIL: Elliott Wave and Technical Analysis | Charts – December 6, 2019 The first daily chart expected an Elliott wave triangle may be unfolding. It is possible now that the structure may be complete. A breakout may happen next week. Summary: The triangle may be...
by Lara | Jul 22, 2017 | Gold
Upwards movement continues as expected towards the target. A short term target is now provided. Summary: The short term target is now at 1,264. About here another small consolidation to last about two days may unfold, to be followed by a final small upwards wave that...
by Lara | Jul 12, 2017 | Gold
A new high above 1,222.72 invalidated the main hourly Elliott wave count and added confidence to the alternate hourly Elliott wave count. The alternate has some support from volume analysis, and its target remains the same today. Summary: In the short term, a bounce...
by Lara | Jul 11, 2017 | Gold
Yesterday’s hourly chart expected a bounce to about 1,218. The high for the session was 1,217.79. Summary: The trend is still most likely down. In the short term, a bounce is either over here or may continue higher for another day. If price makes a new high by...
by Lara | Jul 1, 2017 | Gold
A breakout from the consolidation was expected for Friday but did not happen. Both Elliott wave counts at the hourly chart level remain valid. Summary: A downwards breakout from this consolidation may now come on Monday or Tuesday. A new low reasonably below 1,237.06...
by Lara | Jun 28, 2017 | Gold
Last analysis pointed out that Gold price is currently consolidating. A choppy day that moved price slightly higher remains within the consolidation zone. This is mostly what was expected. Summary: Price is consolidating. The Elliott wave count sees intermediate (B)...
by Lara | Jun 2, 2017 | Gold
Upwards movement was unexpected and invalidated the hourly Elliott wave count. Summary: Some sideways movement to remain above 1,269.45 and then another short upwards movement to touch the maroon trend line is expected next week. If the trend line is touched, it...
by Lara | Apr 20, 2017 | Silver
Last week expected a small consolidation short term, which is what has happened. Summary: So far, from the low on the 15th of March, price has made a series of higher highs and higher lows at the daily chart level. If the Elliott wave analysis is correct, then the...
by Lara | Apr 19, 2017 | Gold
Yesterday’s analysis expected the correction to continue sideways for another day. A small downwards day mostly fits the expectation and price remains well above the invalidation point on the hourly chart. Summary: The correction is still most likely incomplete....
