by Lara | May 10, 2018 | Gold |
A new high above 1,318.53 provides some confidence in the main Elliott wave count. The target remains the same. Summary: The target is now at 1,431. Further and substantial confidence in an upwards trend may be had now if price makes a new high above 1,333.84. Always...
by Lara | May 9, 2018 | Gold |
Sideways movement to complete an outside day sees price remain within the current consolidation zone and within the Elliott wave channels. Both the main and alternate Elliott wave counts remain valid. Summary: A new high now above 1,318.53 would provide confidence...
by Lara | May 8, 2018 | Gold |
Downwards movement today remains within a small zone of recent support and resistance, and both Elliott wave counts remain valid. Summary: A new high now above 1,318.53 would provide confidence that a low is in place. A breach of the channels would provide substantial...
by Lara | May 7, 2018 | Gold |
Price continues to move higher as the main Elliott wave count expects. The weakness of upwards movement during the last four days has prompted me to produce an alternate, even though price has been moving in the expected direction. Summary: A low may still be in...
by Lara | May 4, 2018 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 Last analysis again expected upwards movement, which is exactly how the week ended, with a strong green candlestick for Friday. Summary: The target is now at 2,922. Traders with a lower risk appetite may set stops just below yesterday’s low. For...
by Lara | May 4, 2018 | Gold |
Although it is slow, upwards movement continues as expected. The channel on the hourly chart should be useful early next week in providing confidence in the Elliott wave count. Summary: It still looks like a low is in place. Price closed within support and Stochastics...
by Lara | May 3, 2018 | Gold |
Upwards movement continues as expected. Summary: It still looks like a low is in place. Price closed within support and Stochastics is oversold and exhibits bullish divergence. Expect an upwards swing at least, and likely an upwards breakout from the consolidation...
by Lara | May 2, 2018 | Gold |
Upwards movement was expected after last analysis. An inside day completed. The low so far remains in place. Summary: It still looks like a low is in place. Price closed within support and Stochastics is oversold and exhibits bullish divergence. Expect an upwards...
by Lara | May 1, 2018 | Gold |
The target for downwards movement to end, if it continued for one more day, was 1,306. This target has been exceeded by 4.15. Summary: It looks like a low is in place today. Price has closed within support and Stochastics is oversold and exhibits bullish divergence....
