by Lara | Aug 28, 2019 | Gold |
Price continues sideways. Targets remain the same. Summary: Sideways movement now looks like a small interruption within an ongoing upwards trend that is very extreme and overbought. If price makes a new high above 1,552.65, then the next target would be at 1,572 A...
by Lara | Aug 27, 2019 | Gold |
All three Elliott wave counts remain the same. Summary: Increasing bearishness in classic analysis suggests the risk of at least a short-term high is very high. Look out here for either a trend change or another consolidation/pullback to last several sessions. A...
by Lara | Aug 26, 2019 | Gold |
Both Elliott wave counts at the end of last week expected upwards movement. The first target at 1,543 was met and exceeded by $9.65 before price reversed. Summary: Today increasing bearishness in classic analysis suggests the risk of at least a short-term high is very...
by Lara | Aug 24, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 Price remains constrained within a small zone of support and resistance. The three Elliott wave counts remain the same. Summary: Conditions are still suggesting a sustainable low may be in place. The next target is 3,120. A new low below 2,822.12 would...
by Lara | Aug 24, 2019 | Silver |
Last week both Elliott wave counts expected more upwards movement, which is what has happened. Summary: The next Elliott wave target is at 18.03. A classic analysis target calculated from the pennant pattern is at 18.70. Monthly charts were last updated here. ELLIOTT...
by Lara | Aug 24, 2019 | Gold |
For the short term, upwards movement to at least 1,528.20 was expected. The high for Friday at 1,528.68 meets this expectation perfectly. Summary: A classic analysis target using the pennant pattern is at 1,660. Friday broke above the upper edge of the pennant with...
by Lara | Aug 23, 2019 | US Oil
A small bounce within the week remained below the invalidation point and within the channel. Thereafter, downwards movement continued as expected. 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...
by Lara | Aug 22, 2019 | Gold |
Another small range day continues sideways movement as a pennant pattern unfolds. The target calculated using the flag pole length remains the same. Summary: A classic analysis target using the pennant pattern is at 1,669. The bullish Elliott wave count expects this...
by Lara | Aug 21, 2019 | Gold |
A small range inside day continues a possible pennant pattern. The target calculated from the flag pole remains the same. Summary: Overbought and extreme conditions can return and can continue while price moves a considerable distance further, or a trend change may...
