by Lara | Jun 1, 2019 | US Oil
A small bounce to about 61.33 was expected to begin the week, and thereafter downwards movement was expected to continue and to show an increase in momentum. The bounce was more shallow than expected, reaching only to 59.69, but strong downwards movement fits the...
by Lara | Jun 1, 2019 | Gold |
An upwards breakout fits the alternate Elliott wave count. Summary: An upwards breakout on Friday has support from volume. The target is just above 1,346. A new high above 1,311.40 would add confidence that an upwards trend to move above 1,346.45 is underway. Grand...
by Lara | May 30, 2019 | Gold |
Price remains range bound within identified support and resistance. A breakout may come now next week. Summary: Resistance is about 1,310 and support is about 1,265. A downwards breakout may still be more likely. The target would then be at 1,219 (which may not be low...
by Lara | May 29, 2019 | Gold |
Price continues to move sideways. The short-term structure fits the main hourly Elliott wave count best. Summary: Resistance is about 1,310 and support is about 1,265. A downwards breakout this week may still be more likely. The target would then be at 1,219 (which...
by Lara | May 28, 2019 | Gold |
A reasonably strong downwards day fits the expectation from the main Elliott wave count. Summary: Resistance is about 1,310 and support is about 1,265. A downwards breakout this week may still be more likely. The target would then be at 1,219 (which may not be low...
by Lara | May 27, 2019 | Gold |
Another very small range day fits the short-term expectation for the main Elliott wave count for price to move very slightly higher. Summary: Resistance is about 1,310 and support is about 1,265. A downwards breakout this week may still be more likely. The target...
by Lara | May 26, 2019 | Silver
Downwards movement was expected from Silver this week, and a lower low and lower high fits this expectation. A strong bounce at the end of the week remains within the channel identified on the daily chart. Summary: The short-term target is at 13.524. Look for bounces...
by Lara | May 25, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 For the short term, some sideways movement was expected for Friday’s session, which is what has happened. Summary: The low of December 2018 is expected to very likely remain intact, and this pullback is expected to be followed by a strong third wave...
by Lara | May 25, 2019 | Gold |
Price remains range bound at the end of the week after moving mostly sideways. All Elliott wave counts remain valid. Summary: Resistance is about 1,310 and support is about 1,265. A downwards breakout next week may still be more likely. The target would then be at...
