At the daily chart level it looks like minute wave ii is incomplete and found resistance at the upper edge of the channel.I would expect a little more downwards movement overall to complete an ending contracting diagonal, which should be followed by overall upwards movement. The target for downwards movement to end is just below 19.327. Downwards movement should not […]
Last analysis of US Oil on 17th December, 2013 expected more upwards movement towards a target at 103.21 to 104.42. Price moved higher as expected, but fell short of the target reaching only to 100.76.The wave count remains the same.Click on the charts below to enlarge.The bigger picture sees US Oil in a large second wave correction at super cycle […]
Yesterday’s analysis expected more downwards movement which is exactly what has happened.Summary: Price should continue to move lower overall with an increase in downwards momentum. The short term target at 1,217 may be met in one day, and the short / mid term target at 1,198 may be about two days away.Click on the charts below to enlarge.Gold is still […]
Last analysis of Silver expected more upwards movement which is what we have seen. The short term target at 20.415 for the end of a third wave was almost met, and the third wave ended just 0.047 short of the target.The wave count remains mostly the same. I will adjust the degree of labeling within the most recent movement and […]
Last analysis of Silver on 31st December, 2013 expected a trend change and upwards movement. This is exactly what has happened so far. If price moves above 20.489 the new upwards trend would be confirmed.The wave count remains the same.Click on the charts below to enlarge.Minor wave B is now a complete zigzag, which is within a bigger zigzag trending […]
In last analysis both hourly wave counts expected more upwards movement which is what happened. However, upwards movement was followed by a sharp spike below 1,227.11. The targets were not reached.It is at this point the hourly wave counts diverge. Click on the charts below to enlarge.Gold is still within a large fourth wave correction at primary wave degree which […]
Last analysis expected a fourth wave correction may have been complete. A trend channel was provided for confirmation. We did not get confirmation and price moved higher, remaining just below the invalidation point.The wave count is mostly the same.Click on the charts below to enlarge.Gold is still within a large fourth wave correction at primary wave degree which is incomplete. […]
As the stock market rises in value new investors and potential traders become interested in how to trade stocks. How to trade stocks successfully is not just a matter of acting on a stock tip from your friend. It is a matter of learning both fundamental as well as technical analysis of stocks, market sectors, and […]
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The below article highlights on how to trade Gold using basic “Technical analysis” and techniques like Channels. Bullions are one of the highly liquid commodities.
In 2009 Comex Gold was almost trading near 650 per ounce and it made life time of 1900 near […]
Last week’s US Oil analysis expected more downwards movement towards 89.83 for the end of a third wave. Price did not move lower. Instead, it has moved a little higher and sideways. The third wave was already over, and sideways and higher movement is the following fourth wave. Overall the wave count is not much changed on the daily chart. […]
