by Lara | May 8, 2019 | Gold |
A bounce was expected to end about 1,289. Upwards movement reached a high at 1,290.90 where price sharply reversed, just 1.90 above the target. Summary: Expect the downwards trend to resume. Look out now for a possible strong increase in downwards momentum. The...
by Lara | May 7, 2019 | Gold |
The bounce was expected to continue for Tuesday’s session, which is what has happened. Summary: For the short term, look for a bounce to possibly end about 1,289. Use the channels on the daily chart to show where price may find resistance. Thereafter, expect the...
by Lara | May 6, 2019 | Gold |
A bounce was expected to continue to start the new week. The target remains the same. Summary: For the short term, look for a bounce to possibly end about 1,289. Use the channels on the daily chart to show where price may find resistance. Thereafter, expect the...
by Lara | May 5, 2019 | Silver
Overall, more downwards movement was expected for the main Elliott wave count. This is mostly what has happened, although the week closed as an outside week. Summary: The main Elliott wave count expects downwards movement from here, but the short-term volume profile...
by Lara | May 4, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 For the very short term, a consolidation or bounce was expected. A bounce for Friday overall fits this expectation. Price remained below the invalidation point. Summary: A pullback or consolidation here for primary wave 4 may now last about a couple of...
by Lara | May 3, 2019 | Gold |
A strong bounce at the end of the week creates a candlestick pattern on the daily chart that has support from volume. The short-term expectation is adjusted, but the mid and long-term Elliott wave targets remain the same as does the channel on the daily chart....
by Lara | May 3, 2019 | US Oil
Downwards movement has unfolded for the week as expected. Summary: The next wave down may have begun. The final target is now calculated at 10.72. Further confidence that a high is in place may be had if price makes a new low below 58.20. MAIN ELLIOTT WAVE COUNT...
by Lara | May 2, 2019 | Gold |
Downwards movement continues as expected from all three Elliott wave counts. Targets remain the same. Summary: Expect the downwards trend to resume. The mid-term Elliott wave target is at 1,220. The classic analysis target is at 1,217. Risk is just above the upper...
by Lara | May 1, 2019 | Gold |
Some downwards movement at the end of the session fits expectations from the Elliott wave counts. Summary: Expect the downwards trend to resume. The mid-term Elliott wave target is at 1,220. The classic analysis target is at 1,217. Risk is just above the upper edge of...
