by Lara | Nov 15, 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...
by Lara | Nov 13, 2015 | Gold |
A small inside day leaves both Elliott wave counts valid. Summary: It is more likely that a second wave correction will unfold upwards from here to about 1,118 or 1,145 (less likely). This would be confirmed with a new high above 1,095.89. To see weekly charts click...
by Lara | Nov 12, 2015 | Gold |
A green candlestick or doji was expected for Thursday’s session but did not happen. The third hourly wave count was confirmed with a new low below 1,075.31. Summary: A new low below 1,074.27 would indicate a strong fifth wave down is underway. The target is at...
by Lara | Nov 12, 2015 | Silver, Silver Historical
Last week’s analysis had three Elliott wave counts. Since then one Elliott wave count has been invalidated. There are now only two Elliott wave counts. The situation is becoming clearer for Silver. Summary: The correction which was expected to turn up last week...
by Lara | Nov 11, 2015 | Gold |
Downwards movement to a slight new low still fits the Elliott wave count. Summary: On balance, I would expect one or maybe two more days of sideways movement. A green candlestick or doji for Thursday’s session is expected. There is a slim outside possibility...
by Lara | Nov 10, 2015 | US Oil, US Oil Historical |
Some more upwards movement to 48.09 – 49.35 was expected. Thereafter, the main Elliott wave count expected price to turn back down. Price moved higher to reach 48.36 and turned down from there. Summary: A third wave down is most likely underway. It may unfold as...
by Lara | Nov 9, 2015 | Gold |
The third hourly Elliott wave count is confirmed by a green daily candlestick. Summary: A fourth wave correction has most likely arrived. It may continue for at least another two days to last a total Fibonacci three days. If it does not end in three days total, then...
by Lara | Nov 6, 2015 | Gold |
The trend was expected to be down. Price continued lower. Summary: Expect surprises to be to the downside as the middle of a big third wave may be approaching. Short term a new high above 1,114.45 and / or a green daily candlestick on either of Gold or Silver will...
by Lara | Nov 5, 2015 | Gold |
More downwards movement was expected. Only one wave count is left now. Summary: Only the bear wave count is left. One by one all bull wave counts have been invalidated. Gold has been in a bear market since September 2011 and there is no technical confirmation of a...
