by Lara | Nov 7, 2019 | Gold |
Today’s Stockcharts data shows a downwards breakout from the triangle. The targets remain the same. Summary: The Elliott wave target is at 1,348. A target calculated from the adjusted triangle is about 1,431. For the very short term, a new high above 1,516.65...
by Lara | Nov 6, 2019 | Gold |
Price remains range bound and a triangle remains valid. The short-term volume profile still suggests the same direction for a breakout. Summary: For the very short term, a new low below 1,482.52 adds a little confidence in a more bearish outlook. A new low below...
by Lara | Nov 5, 2019 | Gold |
Today price has broken below the lower triangle trend line and below a confidence point. The alternate Elliott wave count should be taken seriously. Summary: For the very short term, a new low below 1,482.52 adds a little confidence in a more bearish outlook. A new...
by Lara | Nov 4, 2019 | Gold |
Price remains within the trend lines of a triangle. All three Elliott wave counts remain valid. Summary: For the very short term, a new low below 1,482.52 would add confidence in a more bearish outlook. The target would be at 1,348. For the very short term, a new high...
by Lara | Nov 2, 2019 | Silver
Last week members of Elliott Wave Gold were warned to look out for the potential for a short-term pullback before upwards movement resumed. Monday and Tuesday saw price move lower, then the rest of the week saw a recovery exactly as expected. Summary: Look out for the...
by Lara | Nov 2, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 New all time highs were expected. This week they have shown up. The Elliott wave count targets are recalculated. Summary: The next target is at 3,179. Overall, expect upwards movement to continue and exhibit some further increase in momentum before a...
by Lara | Nov 1, 2019 | Gold |
A little upwards movement reaches resistance at the upper trend line of a small ascending triangle. All three Elliott wave counts remain valid. Summary: For the very short term, a new low below 1,482.52 would add confidence in a more bearish outlook. The target would...
by Lara | Nov 1, 2019 | US Oil
Overall, more upwards movement was expected for the week. Again, this is what has happened. Summary: The bearish wave count looks most likely to follow a triangle pattern here, with an upwards swing to end short of the upper A-C trend line. The bullish wave count now...
by Lara | Oct 31, 2019 | Gold |
Price remains range bound within the trend lines of a possible ascending triangle. The breakout may come in another 9 sessions. Summary: For the very short term, a new low below 1,481.55 would add confidence in a more bearish outlook. The target would be at 1,348. For...
