by Lara | Jun 23, 2019 | Gold |
All three Elliott wave counts remain valid and two short-term scenarios are considered for members today on hourly charts. Overall, all three Elliott wave counts expect the same direction next but targets differ. Summary: A shallow consolidation or a pullback to test...
by Lara | Jun 22, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 Further upwards movement continues as expected from the Elliott wave count. Summary: The low of December 2018 is expected to most likely remain intact. The next short-term target is at 3,068 (Elliott wave) to 3,079 (classic analysis from the pennant)....
by Lara | Jun 22, 2019 | Gold |
After an upwards breakout on Friday, three Elliott wave counts remain valid. Summary: A shallow consolidation or a pullback to test support after the upwards breakout may now unfold next week. Look for support about 1,370 to 1,375. Thereafter, the upwards trend may...
by Lara | Jun 22, 2019 | Silver |
Upwards movement has continued, which fits the alternate Elliott wave count. The main Elliott wave count is changed this week. Summary: A target for this upwards movement to end is now at 16.600. If price makes a new high by any amount at any time frame above 17.680,...
by Lara | Jun 22, 2019 | US Oil
A sideways consolidation was expected for the week. Price has moved higher than expected, but it remains below the Elliott wave invalidation point. Summary: This bounce may either be over here or may continue higher towards 60.53. Final resistance may be found at the...
by Lara | Jun 20, 2019 | Gold |
Today Gold may be in the process of a classic upwards breakout from a multi-year consolidation. If this session closes above 1,374.91 (the July 2016 high) on an upwards day with support from volume, then have confidence in the breakout. Today I have three Elliott wave...
by Lara | Jun 19, 2019 | Gold |
Gold price is still rising and is now close to the invalidation point for the main Elliott wave count. All three Elliott wave counts remain valid at this stage, but we may soon be closer to some clarity regarding this B wave. Summary: A high may come soon now for...
by Lara | Jun 18, 2019 | Gold |
For the very short term, a deep bounce was expected, which is what has happened. Price remains below the invalidation point. Summary: A high may now be in place for Gold. A new target is at 1,014. Thereafter, if price keeps falling, the next target is at 808. Along...
by Lara | Jun 17, 2019 | Gold |
A small range day with a long lower wick moves price a little lower. Downwards movement overall was expected from the main Elliott wave count. Summary: A high may now be in place for Gold. A new target is at 1,014. Thereafter, if price keeps falling, the next target...
