Last analysis of Silver expected more upwards movement towards a target at 20.184 before the resumption of the downwards trend for one final fifth wave.Upwards movement continued and has reached 0.305 above the target so far. Click on the charts below to enlarge.Minor wave B is an almost complete zigzag, which is within a bigger zigzag trending upwards one degree […]
Its that time of the week for the usual Swiss team’s run through. The headline is they maintain that any near term weakness is corrective in nature and part of a year end push higher.This report is a bit thinner than usual but this fits with the theme of being patient for our year end Christmas present of a higher […]
Daily Technical Analysis – 10 December 2013December 10, 2013 by Craig Erlam in Technical analysisEURUSDThe euro is continuing to push higher against the dollar on Tuesday after recording a fifth consecutive day of gains at the start of the week. The pair is looking quite overbought now, as seen on the stochastic where it looks in the process of crossing […]
Bitcoin Technical Analysis Was on the MarkMichael S. Rozeffhttps://www.lewrockwell.com/lrc-blog/bitcoin-technical-analysis-was-on-the-mark/
On the basis of technical analysis of bitcoin’s price and volume behavior, a sell signal was evident on 12/2/2013 at a price of $1140. After that date, bitcoin has sold as high as $1,230 and as low as $576. Its last price was $826. That’s strong evidence of a correct forecast from […]
In our last post, we warned of a new Windows local privilege escalation vulnerability being used in the wild. We noted that the Windows bug (CVE-2013-5065) was exploited in conjunction with a patched Adobe Reader bug (CVE-2013-3346) to evade the Reader sandbox. CVE-2013-3346 was exploited to execute the attacker’s code in the sandbox-restricted Reader process, where CVE-2013-5065 was exploited to […]
Last week’s analysis expected an end to a fourth wave correction within one or two days, to be followed by more downwards movement for a fifth wave.There is now a clear five down on the daily chart. Upwards movement has breached a channel containing this impulse, and a second wave correction has begun.Click on the charts below to enlarge.The bigger […]
Last analysis of Silver was invalidated with downwards movement below 19.595. Members of Elliott Wave Gold were aware of a new alternate for Gold, which also works for Silver. But I did not have time to update the Silver wave count.Downwards movement is incomplete.Click on the charts below to enlarge.Minor wave B is an almost complete zigzag, which is within […]
The aluminum story doesn’t seem to be getting much better (for producers like Alcoa, anyway).MetalMiner’s monthly Aluminum MMI® registered a value of 91 in December, a decrease of 3.2 percent from 94 in November. Three-month aluminum on the London Metal Exchange experienced the biggest drop in the complex, falling yesterday to $1,746 per metric ton, the lowest level we have seen […]
Yesterday’s short term target was at 1,212 for the end of a fifth wave. Downwards movement ended at 1,215.36, 3.36 short of the target. The structure looks complete.The wave count is unchanged from yesterday.Click on the charts below to enlarge.Gold is still within a large fourth wave correction at primary wave degree which is incomplete. It is unlikely that primary […]
GOLD Technical Analysis Charts
Commodities / Gold and Silver 2013Dec 01, 2013 – 04:12 PM GMTBy: Submissions
Thomas Clayton writes: I have adjusted the variable parameters to titrate to the best signal .. Cross of stochastic rsi below 0.8 or above 0.2 and, slow stochastics 80 & 20, macd line cross works well on […]
