by Lara | Sep 5, 2019 | Gold |
Yesterday’s analysis expected a downwards swing to begin, which is exactly what has happened. Summary: Price remains range bound and volume suggests a downwards swing to support may begin here. The upwards trend remains very extreme and overbought. The risk of a...
by Lara | Sep 4, 2019 | Gold |
A small range upwards day has failed to close above resistance and exhibits a decline in volume. Three Elliott wave counts now remain valid. Summary: Price remains range bound and volume suggests a downwards swing to support may begin here. The upwards trend remains...
by Lara | Sep 3, 2019 | Gold |
Although the new month has begun with a strong upwards day, price remains range bound and below resistance. Summary: Resistance is currently about 1,565 and support is about 1,525. A close above resistance with support from volume would indicate more upwards movement...
by Lara | Sep 2, 2019 | Gold |
A very small range day while New York is on holiday leaves both Elliott wave counts unchanged. Summary: It looks increasingly likely that a major high may be in place. The upwards trend reached very extreme and overbought, and there are now candlestick reversal...
by Lara | Sep 1, 2019 | Silver |
Again, last week’s analysis expected more upwards movement. The first target was at 18.03, the next at 18.70. Price reached a high at 18.615 for the week. Summary: A trend change to a large multi week consolidation looks most likely to have begun at this week’s high....
by Lara | Aug 31, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 Upwards movement continued as the main Elliott wave count expected. All three Elliott wave counts remain valid at the end of the week, but the two alternates now have a very low probability. Summary: An upwards breakout above 2,940 with support from...
by Lara | Aug 30, 2019 | Gold |
Downwards movement has continued as expected after a new high for the week. Summary: It looks increasingly likely that at the end of the week a major high may be in place. The upwards trend reached very extreme and overbought, and there are now candlestick reversal...
by Lara | Aug 30, 2019 | US Oil |
Downwards movement was expected for Oil this week. Although the candlestick has closed green, a lower low and a lower high fits the expectation. Summary: A new mid-term target is now at 35.25 for a third wave down. This may exhibit an increase in momentum, and may end...
by Lara | Aug 29, 2019 | Gold |
For the short term, yesterday’s analysis had three hourly charts which all expected some downwards movement. A red daily candlestick exactly fits this expectation. Summary: Sideways movement now looks like a small interruption within an ongoing upwards trend...
