by Lara | Feb 21, 2017 | Gold |
Gold is still range bound. Classic analysis, with a heavy reliance on volume analysis, is used to determine probability of the main versus alternate Elliott wave counts today. Summary: Gold has now been range bound for nine sessions. Resistance is at 1,245 and support...
by Lara | Feb 18, 2017 | Gold |
Price moved higher for Friday’s session, which was not expected but was allowed for. Price remains below the invalidation point on the main hourly Elliott wave count. This week volume and ATR are giving some clues as to what the upwards movement for the last...
by Lara | Feb 17, 2017 | Copper, EURUSD, Public Analysis, Trading Room, USDJPY |
Today’s Trading Room looks at USDJPY, EURUSD and Copper. To learn what the Trading Room is about see first Trading Room analysis here. Trading Room will focus on classic technical analysis. Elliott wave analysis will be for support and for targets / invalidation...
by Lara | Feb 16, 2017 | Gold |
Upwards movement for the main Elliott wave hourly chart was expected to reach a target at 1,240. Price moved higher as expected to reach 1,241.99. Summary: The target for a deep pullback is at 1,148. Corrections along the way down present opportunities to join the...
by Lara | Feb 15, 2017 | Gold |
Price made a lower low and lower high today, the definition of downwards movement. Overall, this was expected. But the session closed green with a strong bounce and that was not expected as the most likely scenario, but it was allowed for. Summary: The target for a...
by Lara | Feb 14, 2017 | Gold |
A little upwards movement fits the Elliott wave count. The first in a series of second wave corrections may now be complete today. Summary: The target for a deep pullback is at 1,148. Follow my two Golden Rules of risk management: 1. Always use a stop. 2. Invest no...
by Lara | Feb 13, 2017 | Gold |
Downwards movement continued as expected for Monday’s session. The main Elliott wave count remains the same. The alternate is slightly adjusted at the hourly chart level. Summary: The target for a deep pullback is at 1,148. Follow my two Golden Rules of risk...
by Lara | Feb 11, 2017 | Gold |
Friday’s session moved price lower as expected. A strong bounce has found resistance right at the lower edge of a trend channel. This also was expected as reasonably likely behaviour from price. Summary: Probability has shifted back to a deep pullback beginning...
by Lara | Feb 9, 2017 | Gold |
A breach of the trend channel and a new low below 1,227.82 has invalidated the main wave count and confirmed an alternate. Summary: Probability has shifted back to a deep pullback beginning here. The target is at 1,149. Follow my two Golden Rules of risk management:...
