by Lara | Feb 14, 2020 | US Oil
US OIL: Elliott Wave and Technical Analysis | Charts – February 14, 2020 Both Elliott wave counts this week have expected upwards movement and for price to remain above 49.32. This is exactly what has happened for the week. Summary: Both the bullish and bearish...
by Lara | Feb 8, 2020 | Gold |
GOLD: Elliott Wave and Technical Analysis | Charts – February 7, 2020 A very little more upwards movement to a short-term target about 1,574 was expected. Upwards movement has reached 1,572.29, just 1.37 short of the target. Summary: A new low below 1,536.52...
by Lara | Jan 16, 2020 | Gold |
GOLD: Elliott Wave and Technical Analysis | Charts – January 16, 2020 A small range inside day leaves all three Elliott wave counts the same. Summary: A consolidation to last a Fibonacci 8 or 13 sessions (and so end on the 20th or 27th of January) and find...
by Lara | Dec 27, 2019 | US Oil
US OIL: Elliott Wave and Technical Analysis | Charts – December 27, 2019 The upper edge of the triangle trend line is now more clearly overshot. Price remains below the triangle invalidation point and the Elliott wave counts remain essentially the same this...
by Lara | Dec 18, 2019 | Gold |
GOLD: Elliott Wave and Technical Analysis | Charts – December 18, 2019 Price and On Balance Volume remain below resistance as the main Elliott wave count expects. The target remains the same. Summary: The downwards trend may resume to new lows. The Elliott wave...
by Lara | Nov 12, 2019 | Gold |
Price keeps falling towards the Elliott wave target and the target calculated from the classic triangle pattern. Summary: For the very short term, look out for a small bounce to about 1,472 or to test the lower triangle trend line (daily technical analysis chart). The...
by Lara | Oct 21, 2019 | Gold |
A small range day remains within the pennant trend lines. Targets remain the same. Summary: A downwards breakout may happen this week. A new low below 1,456.64 would provide confidence that the downward trend has resumed. The short-term target may be at 1,420 (Elliott...
by Lara | Sep 27, 2019 | Gold |
Again, downwards movement was expected. For the short term, a bounce was expected to begin about the lower edge of the channel on hourly charts. This is what happened at the end of Friday’s session after downwards movement. Summary: A short-term target may now...
by Lara | Sep 5, 2019 | Gold |
Yesterday’s analysis expected a downwards swing to begin, which is exactly what has happened. Summary: Price remains range bound and volume suggests a downwards swing to support may begin here. The upwards trend remains very extreme and overbought. The risk of a...