by Lara | May 9, 2018 | Gold |
Sideways movement to complete an outside day sees price remain within the current consolidation zone and within the Elliott wave channels. Both the main and alternate Elliott wave counts remain valid. Summary: A new high now above 1,318.53 would provide confidence...
by Lara | May 8, 2018 | Gold |
Downwards movement today remains within a small zone of recent support and resistance, and both Elliott wave counts remain valid. Summary: A new high now above 1,318.53 would provide confidence that a low is in place. A breach of the channels would provide substantial...
by Lara | May 7, 2018 | Gold |
Price continues to move higher as the main Elliott wave count expects. The weakness of upwards movement during the last four days has prompted me to produce an alternate, even though price has been moving in the expected direction. Summary: A low may still be in...
by Lara | May 6, 2018 | Lara's Weekly, Silver
An upwards week was expected from last analysis. The week began with a move lower, which hit support, and then bounced strongly from there to complete a long legged doji candlestick. Summary: At the daily chart level, weakness in the last two upwards days suggests a...
by Lara | May 4, 2018 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 Last analysis again expected upwards movement, which is exactly how the week ended, with a strong green candlestick for Friday. Summary: The target is now at 2,922. Traders with a lower risk appetite may set stops just below yesterday’s low. For...
by Lara | May 4, 2018 | Gold |
Although it is slow, upwards movement continues as expected. The channel on the hourly chart should be useful early next week in providing confidence in the Elliott wave count. Summary: It still looks like a low is in place. Price closed within support and Stochastics...
by Lara | May 4, 2018 | US Oil
A new high on Friday for US Oil shifts the probabilities of the three daily Elliott wave counts. Summary: Classic technical analysis remains overly bullish. There is an upwards trend in place. Pullbacks are an opportunity to join the trend. The preferred Elliott wave...
by Lara | May 3, 2018 | Gold |
Upwards movement continues as expected. Summary: It still looks like a low is in place. Price closed within support and Stochastics is oversold and exhibits bullish divergence. Expect an upwards swing at least, and likely an upwards breakout from the consolidation...
by Lara | May 2, 2018 | Gold |
Upwards movement was expected after last analysis. An inside day completed. The low so far remains in place. Summary: It still looks like a low is in place. Price closed within support and Stochastics is oversold and exhibits bullish divergence. Expect an upwards...
