by Lara | Oct 30, 2019 | Gold |
Price has bounced up off the lower edge of the ascending triangle trend line. The breakout from the triangle is now expected in 10 more sessions. All three Elliott wave counts remain valid. Summary: For the very short term, a new low below 1,481.55 would add...
by Lara | Oct 29, 2019 | Gold |
Price remains range bound. The ascending triangle remains valid. 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 the very short term, a new high above 1,516.65 would add some...
by Lara | Oct 28, 2019 | Gold |
Downwards movement sees price remain below resistance and within a triangle pattern. All three Elliott wave counts remain the same. 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....
by Lara | Oct 26, 2019 | Silver |
Upwards movement was expected to resume for this week, which is exactly what has happened. Summary: Look out for the potential for a short-term pullback. Thereafter, the upwards trend may then resume towards a target at 21.375. This target may be met in about another...
by Lara | Oct 26, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 A new all time high for the S&P500 was expected as likely this week. While price has not managed to make a new all time high, Friday’s high is just 0.59 points short. Strength in upwards movement fits the Elliott wave count. Summary: Upwards...
by Lara | Oct 25, 2019 | Gold |
Price remains range bound at the end of the week. All three Elliott wave counts remain valid, but volume and price now suggest the main and alternate bearish counts should be swapped over. Summary: A new high above 1,515.58 has given a little confidence to a more...
by Lara | Oct 25, 2019 | US Oil
Upwards movement was expected for the week for the main Elliott wave count, which 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...
by Lara | Oct 24, 2019 | Gold |
Price remains within the pennant trend lines and below resistance. All three Elliott wave counts remain valid. Today volume suggests the bearish alternate or bullish wave counts may be more likely. Summary: A new low below 1,456.64 would provide confidence that the...
by Lara | Oct 23, 2019 | Gold |
There has been no breakout yet. The target from the pennant and the Elliott wave targets remain the same. Summary: A downwards breakout may happen soon. A new low below 1,456.64 would provide confidence that the downward trend has resumed. The short-term target may be...
