by Lara | Jul 11, 2019 | Gold |
Price remains range bound. The short-term structure on the hourly chart now suggests the most likely breakout direction. Summary: After the breakout from multi year resistance on 20th June, it was expected that price would curve around and back test support about...
by Lara | Jul 10, 2019 | Gold |
Price remains range bound. A breakout is expected shortly. Elliott wave counts provide targets. Summary: After the breakout from multi year resistance on 20th June, it was expected that price would curve around and back test support about 1,360 to 1,375. That test of...
by Lara | Jul 9, 2019 | Gold |
Another small range day moves price mostly sideways. After a highly significant breakout, a pullback or consolidation was expected to test support. Summary: After the breakout from multi year resistance on 20th June, it was expected that price would curve around and...
by Lara | Jul 8, 2019 | Gold |
A small range inside day leaves all three Elliott wave counts valid. Summary: A strong downwards day for Friday with a strong push from volume suggests the back test may be incomplete (or the bearish Elliott wave count may be correct). Look out now for another test of...
by Lara | Jul 6, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 Upwards movement for the week continues as expected, and it has support from rising market breadth and declining volatility. The Elliott wave counts remain the same. Summary: The next short-term target is at 3,058. Look for corrections to continue to be...
by Lara | Jul 6, 2019 | Silver |
Upwards movement was expected to continue for the week for Silver, but that is not what happened. A strong downwards day on Friday suggests a new alternate wave count, although price remains above invalidation points. Summary: A new low below 14.288 would indicate a...
by Lara | Jul 5, 2019 | Gold |
A strong downwards session to end the week favours the bearish Elliott wave count, but price has not yet invalidated any of the three daily charts published for members. Summary: A strong downwards day for Friday with a strong push from volume suggests the back test...
by Lara | Jul 5, 2019 | US Oil
Some sideways or downwards movement was expected for the week. An outside week closes red, meeting expectations overall. Summary: The bounce may end now next week or possibly the week after at a target zone from 60.53 to 61.74. If price comes up to touch the upper...
by Lara | Jul 4, 2019 | Gold |
Another small range day while New York is closed for the 4th of July leaves the Elliott wave counts unchanged. Summary: Price has come down to test support at prior resistance just above 1,375 and bounced up strongly from there. The bounce looks strong enough to...
