by Lara | Aug 2, 2018 | Gold |
A new low invalidates the main daily Elliott wave count and confirms the alternate. A new target is calculated. Summary: Expect now more downwards movement to a target at 1,196 with a limit at 1,194.52. A classic analysis target is about 1,160. Always trade with stops...
by Lara | Aug 1, 2018 | Gold |
Price remains above the invalidation point, finding support at the trend line on the main daily Elliott wave count. Summary: It would be my judgement today that classic analysis mostly supports the main daily wave count. A new high now above 1,234.76 would add...
by Lara | Jul 31, 2018 | Gold |
Upwards movement was expected for the main daily Elliott wave count, which today has some support from volume analysis. Summary: A new high now above 1,234.76 would add reasonable confidence that a low is in place, but prior to that it will remain possible that a new...
by Lara | Jul 30, 2018 | Gold |
The main Elliott wave count expected upwards movement. A small upwards day fits this expectation. Price remains above the invalidation point and within a small consolidation zone. Summary: A new high now above 1,234.76 would add reasonable confidence that a low is in...
by Lara | Jul 28, 2018 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 For the very short term, for Friday’s session, a pullback to about 2,828 was expected. A pullback did unfold but was deeper than expected, reaching 2,808. Summary: Look out for some consolidation next week before the resumption of the upwards trend....
by Lara | Jul 28, 2018 | Gold |
The main hourly Elliott wave count for Friday expected a new low at least slightly below 1,218.61 but not below 1,212.11. A new low to 1,217.68 fits this expectation very well. The alternate daily Elliott wave count remains valid. Summary: A new high now above...
by Lara | Jul 26, 2018 | Gold |
Downwards movement remains above the invalidation point on the hourly Elliott wave count. Three short term Elliott wave counts are presented today. Summary: This analysis is bullish at the weekly chart level, but it is possible that a new low to about 1,211 may occur...
by Lara | Jul 25, 2018 | Gold |
A new high very slightly above 1,234.67 now adds confidence to the main Elliott wave count. An alternate Elliott wave count is still considered. Summary: It still is reasonably likely that a low is in place for Gold for the short to mid term. A bounce up now to about...
by Lara | Jul 24, 2018 | Gold |
Downwards movement remains above the invalidation point on the hourly chart and within the allowable range for the Elliott wave count. Summary: It still is reasonably likely that a low is in place for Gold for the short to mid term. A bounce up now to about 1,307 is...
