by Lara | Jan 5, 2016 | Gold |
A small inside day fits both hourly Elliott wave counts, which remain the same. Summary: The correction is still most likely to end sooner rather than later. It may end with a final push up to a short term target at 1,091. In the short term, a new high reasonably...
by Lara | Jan 4, 2016 | US Oil, US Oil Historical |
The Elliott wave count remains the same. There is still only one Elliott wave count for US Oil. Summary: A fifth wave down to end a third wave may have begun. For confidence in this idea, price needs to break below the upwards sloping cyan trend line on the classic...
by Lara | Jan 4, 2016 | Gold |
Gold remains range bound. I have two Elliott wave counts for the hourly chart today which look at this correction in two different ways. Summary: The correction is most likely to end sooner rather than later. It may end in just one more day with a final push up to a...
by Lara | Dec 18, 2015 | Gold, Gold Historical |
This is the last analysis prior to the Christmas / New Year break. Next analysis will be done after market close for Monday, 4th January, 2016. May you all have a very Merry Christmas and a Happy New Year! Summary: The trend is down. The question is whether a small...
by Lara | Dec 17, 2015 | Silver, Silver Historical |
Choppy overlapping movement was expected for the week. This is exactly what happened. Summary: The correction should complete with some upwards movement to a target at 14.695 – 14.855. This may be met in another two days, if the correction lasts a total...
by Lara | Dec 16, 2015 | Gold |
An upwards day was expected. Summary: The correction is very close to completion, but it has not managed to complete in a Fibonacci thirteen days. The target for choppy overlapping upwards movement remains the same at 1,090. It may now be met in one to three days...
by Lara | Dec 14, 2015 | US Oil, US Oil Historical |
The structure is becoming a little clearer. There is only one daily Elliott wave count this week. Summary: The trend is down and corrections present an opportunity to join the trend. Currently, a little more upwards movement is indicated for another one or two days to...
by Lara | Dec 14, 2015 | Gold |
Downwards movement on lighter volume fits the profile of a continuing correction for Gold. Summary: This correction may still be unfolding as either a single or double flat. The structure is incomplete. It may end in two more days, if it totals a Fibonacci thirteen....
by Lara | Dec 12, 2015 | USD Index |
I have only one bullish Elliott wave count for the USD Index. New updates to this analysis are in bold. Click chart to enlarge. The US Dollar has been in a bull market since July 2011. So far there is no confirmation of a trend change. The bull market should be...
