by Lara | Apr 30, 2016 | Gold |
Gold has broken out of a consolidation upwards exactly as expected. Summary: Expect price to keep rising while it remains within the best fit channel on the hourly chart. The target for this trend to end is at this stage 1,477. If the channel is breached, then draw a...
by Lara | Apr 28, 2016 | Silver
More downwards movement was expected for Silver. Price has moved lower but not as much as expected. Summary: On balance, the expectation is for Silver to move a little lower for at least a few days. However, the picture is somewhat unclear. If a new high above 17.72...
by Lara | Apr 27, 2016 | Gold, Public Analysis |
Gold remains within a consolidation. The question is: What direction will price break out? On Balance Volume is today giving an indication. Summary: Gold is still range bound. On Balance Volume is today indicating the breakout direction is more likely to be up. It may...
by Lara | Apr 26, 2016 | Gold |
Another small range day continues the consolidation. Summary: Gold is still range bound. There are still at least two valid wave counts for this correction and they encompass four possible structures which may unfold this week. This means that short term price swings...
by Lara | Apr 26, 2016 | US Oil |
The Elliott wave count is changed this week. There is a new monthly wave count with a main daily, and an alternate daily Elliott wave count. Summary: A new high above 44.49 would confirm more upwards movement, with a target at 51.09. Volume favours a bullish move...
by Lara | Apr 25, 2016 | Gold |
Price is still consolidating. Downwards movement was expected as most likely, but price moved slightly higher on a very quiet day with very light volume. Summary: Gold is still range bound. There are still at least two valid wave counts for this correction and they...
by Lara | Apr 22, 2016 | Silver |
Again, the main Elliott wave count expected downwards movement which is not what happened. A new high above 17.483 indicated more upwards movement instead. The target at that stage was 18.928. So far price has reached up to 17.72. Summary: A blowoff top today...
by Lara | Apr 19, 2016 | US Oil |
Last week’s main Elliott wave count expected upwards movement to end soon and be followed by some downwards movement. This is what has happened so far. Summary: The alternate wave count is invalidated. Only one wave count is left. The target for downwards...
by Lara | Apr 14, 2016 | Silver
Downwards movement was expected. This is not what happened. The Elliott wave count was invalidated by upwards movement above 15.514. Summary: Upwards movement is most likely over. A new low below 14.781 would confirm the main wave count and more downwards movement to...
