by Lara | Aug 13, 2018 | Gold |
A downwards breakout from a Pennant pattern for Gold was expected for this week, which is exactly what has happened. Summary: With support from volume, GDX has effected a downwards breakout from a very long held consolidation (beginning December 2016). The target is...
by Lara | Aug 11, 2018 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 Price moved lower for Friday exactly as the main short term Elliott wave count expected. The week closes with a Shooting Star candlestick pattern. Summary: Shooting Star candlesticks indicate this pullback is not complete. The Elliott wave count expects...
by Lara | Aug 11, 2018 | Gold |
The short term Elliott wave structure and strong volume for Friday indicate the direction for next week. Summary: With support from volume, GDX has effected a downwards breakout from a very long held consolidation (beginning December 2016). The target is at 16.10. The...
by Lara | Aug 9, 2018 | Gold |
Sideways movement over the last couple of weeks still mostly fits the main Elliott wave count for Gold. A short term alternate is still provided. Summary: With support from volume, GDX has effected a downwards breakout from a very long held consolidation (beginning...
by Lara | Aug 8, 2018 | Gold |
A signal is given today from On Balance Volume that supports the main Elliott wave count for Gold. A target is given for GDX. Summary: With support from volume, GDX has effected a downwards breakout from a very long held consolidation (beginning December 2016). The...
by Lara | Aug 7, 2018 | Gold |
Another inside day completes a Shooting Star candlestick pattern. The implications of this pattern today are evaluated in context of recent price movement. Members’ attention today is directed to the long term picture for GDX, which is significant for this...
by Lara | Aug 6, 2018 | Gold |
An inside day for Monday sees price remain above the invalidation point on the hourly Elliott wave count. A new alternate idea for the very short term is presented today. Summary: A low may again be in place. Confidence may be had with a new high above 1,227.46. A...
by Lara | Aug 4, 2018 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 An upwards day fits expectations for the main short term Elliott wave count. Summary: Assume that while price remains above 2,791.47 either a shallow consolidation may continue sideways for a few days or a brief pullback was over at the last low. A new...
by Lara | Aug 4, 2018 | Gold |
Downwards movement continued a little further as the main Elliott wave count expected, but fell 8.69 short of the target. Summary: A low may again be in place. Confidence may be had with a new high above 1,265.59. A target for a strong bounce here is about 1,304,...
