by Lara | Sep 19, 2017 | US Oil |
A new high above 49.42 has invalidated last week’s Elliott wave analysis. Two new Elliott wave counts are considered this week. Summary: Oil may continue to rise for the short to mid term. The target is now, at minimum, above 52.37. 53.20 is also possible. Use...
by Lara | Sep 10, 2017 | Gold |
Again, upwards movement continued exactly as expected. A combination of candlestick analysis, volume analysis, RSI, and ADX will be used to identify when the trend is over or a consolidation within it may begin. Summary: The trend remains upwards, but now expect a...
by Lara | Sep 7, 2017 | Gold |
Upwards movement continues exactly as expected. The target remains the same. Summary: The trend is upwards. All trades always should be with the trend. Be prepared to exit long positions soon, either at the target or if price moves strongly down back into the base...
by Lara | Sep 6, 2017 | Gold |
A small correction finds support exactly where expected, at the upper edge of the base channel. Summary: Each time support is found is another opportunity to join the upwards trend. The low today was a perfect opportunity. The target is now about 1,375, or just below....
by Lara | Sep 5, 2017 | Gold |
Upwards movement continues as the main Elliott wave count expects. Price today bounced up perfectly from the upper edge of the base channel. This gives us an important clue as to what should happen next. Summary: An upwards breakout has support from volume. Look out...
by Lara | Aug 15, 2017 | Gold |
Downwards movement continued as expected for Tuesday. The target at 1,275 was passed and price remains above the invalidation point on the hourly chart and still within the channel. Summary: A new target for this pullback to end is 1,266, at the lower edge of the blue...
by Lara | Aug 10, 2017 | Gold |
The target at 1,279 was expected to be a little low. A trend line higher up was expected to halt upwards movement. However, this is not what has happened, and the trend line is overshot. The main Elliott wave count is changed today. Summary: An upwards trend now looks...
by Lara | Aug 5, 2017 | Gold |
A break below the channel and then below 1,260.03 has indicated the second hourly Elliott wave count was correct. Summary: Gold has likely had a trend change. The target is at 1,184. This may be met in about five weeks. Always use a stop. Invest only 1-5% of equity on...
by Lara | Aug 3, 2017 | Gold |
An upwards day was again expected as most likely, but this is not what happened. Price remains above the invalidation point on the main hourly chart, and has quickly returned to within the blue channel. Summary: While price remains above 1,260.03 and within the...
