by Lara | Oct 7, 2016 | GDX |
Last GDX analysis on 31st of August expected the downwards trend to be interrupted by a bounce. Price moved sideways for about four weeks, which fits expectations, and is now moving strongly lower. Summary: A downwards trend is in place for GDX, but the bears look...
by Lara | Oct 6, 2016 | Gold |
The first target for downwards movement has been met. Summary: Downwards movement has met the first target, but there is no evidence yet that downwards movement is over. Volume is weak indicating bears are tired. If the lilac channel can be clearly breached by upwards...
by Lara | Oct 6, 2016 | Silver |
Upwards movement from Silver was expected. Price broke below the trend line and then breached the invalidation point. Summary: In the short term, expect more downwards movement from Silver as most likely. A new low below 16.132 would indicate a deeper sustained...
by Lara | Oct 5, 2016 | US Oil |
With price consolidating and the Elliott wave count in either a B or an X wave, classic technical analysis may be a better guide to what Oil may do next. Summary: Support and resistance suggest a downwards swing from about here to end only when price finds support...
by Lara | Sep 28, 2016 | Gold |
Downwards movement to about 1,320.71 was expected for Wednesday’s session. Price moved lower to reach 1,318.02 for the session. Summary: Upwards movement is now expected and should show an increase in momentum and strong volume over the coming weeks. Corrections...
by Lara | Sep 28, 2016 | Silver |
Last week expected upwards movement for Silver. Price has turned downwards but remains above the invalidation point. Summary: This market may be offering a low risk high reward opportunity to join the upwards trend. Price has again come down to find support right at...
by Lara | Sep 28, 2016 | US Oil |
Last week’s classic technical analysis diverged from the Elliott wave count. Price has moved mostly sideways. Summary: This week both Elliott wave counts expect downwards movement for the next week, and volume supports this view. New updates to this analysis are...
by Lara | Sep 23, 2016 | Silver |
Last week expected upwards movement for Silver. This is what happened. Summary: An upwards trend is in place. The target is at 25.63 to 26.87. Use the new trend channel. If price comes up to touch the upper edge, then look for signals of exhaustion to exit long...
by Lara | Sep 21, 2016 | US Oil |
Last week’s analysis expected overall downwards movement. Since last analysis Oil has made a lower low. Summary: Classic technical analysis this week expects upwards movement from here, and both Elliott wave counts expect downwards movement. If price breaks...
