by Lara | Mar 13, 2017 | Gold |
Price has moved overall higher as expected from the main hourly Elliott wave count in last analysis. Summary: A little confidence may be had in a trend change, but weak volume and a long upper wick on Monday’s candlestick is concerning. It is possible we may see...
by Lara | Mar 6, 2017 | Gold |
Price has moved higher but today’s candlestick closed red. There are still at least two hourly Elliott wave counts for the main daily Elliott wave count. The alternate Elliott wave count has reduced in probability. Summary: In the short term, it looks like a...
by Lara | Mar 2, 2017 | Gold |
A strong breach of the base channel on the main hourly Elliott wave count shifted probability from bullish to bearish. The alternate Elliott wave count was then preferred because it expected more downwards movement. Summary: The new main wave count expects a deep...
by Lara | Mar 1, 2017 | Gold |
All three hourly Elliott wave charts yesterday expected some downwards movement to at least 1,240. Thereafter, the main wave count expected a resumption of upwards movement. The low for the session was 1,237.18 and then from there price bounced to close green....
by Lara | Feb 28, 2017 | Gold |
Some downwards movement was expected from all three hourly Elliott wave charts. Summary: Use the channel on the second hourly chart and the channel on the alternate hourly chart. Assume the upwards trend remains the same while price remains within the channel. The...
by Lara | Feb 22, 2017 | Gold |
Gold is still range bound. On Balance Volume today is giving a signal for the next direction for Gold. Summary: Gold has now been range bound for ten sessions. Resistance is at 1,245 and support is at 1,220. A downwards breakout still looks more likely than upwards...
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...
