by Lara | Oct 5, 2019 | Silver
Last week’s analysis expected a pullback to continue towards a target at 16.86. The week saw price move lower to 16.897, just 0.037 short of the target. Summary: Upwards movement may now resume towards a target at 21.375. This target may be met in about 8 or 13...
by Lara | Oct 5, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 A new high above 2,952.86 adds confidence to the main wave count. Summary: A new high above 2,952.86 at the end of Friday’s session adds confidence to the main wave count. The next target is at 3,120. Further confidence that a low is in place and...
by Lara | Oct 4, 2019 | Gold |
Downwards movement for Friday was weak. A new alternate bearish Elliott wave count is developed today that expects Gold and Silver to move together. Summary: A new low below 1,456.64 would provide confidence that the downward trend has resumed. The short-term target...
by Lara | Oct 4, 2019 | US Oil
Downwards movement followed expectations for the Elliott wave triangle pattern on the daily chart. Two daily charts are presented again for the main wave count. It is important to always consider alternates when an Elliott wave triangle looks to be unfolding. Summary:...
by Lara | Oct 3, 2019 | Gold |
Upwards movement has continued and remains below the invalidation point and within the base channel. Today a bullish signal from On Balance Volume prompts a relabelling of the bullish daily Elliott wave count. Summary: A new low below 1,485.43 would provide confidence...
by Lara | Oct 2, 2019 | Gold |
A little more upwards movement for the very short term was expected to about 1,492. Upwards movement did continue but more than expected, reaching 1,504.08. Price remains below invalidation points. Summary: The downwards trend may resume. The next short-term target...
by Lara | Oct 1, 2019 | Gold |
The preferred bearish Elliott wave count expected a bounce for the short term up to a target at 1,492. So far some upwards movement for the session has reached 1,485.43. Summary: For the very short term, this bounce may continue a little higher to test resistance at...
by Lara | Sep 30, 2019 | Gold |
Overall, both Elliott wave counts have expected downwards movement. The first short-term target at 1,464 has almost been met with a low today at 1,465.83. Summary: The next short-term target may now be at 1,420. A classic analysis target using the flag pattern is at...
by Lara | Sep 28, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 Upwards movement was expected for Friday. An outside day closes red. Price remains above the short-term invalidation point and within the Elliott channel. Summary: The upwards trend to new all time highs may resume next week. The next target is 3,120. A...
