by Lara | Apr 30, 2018 | Gold |
The target for a downwards swing to end was about 1,306. Today price moved lower to reach 1,310. Summary: The downwards swing may be over at today’s low. In the first instance, a new high above 1,320.61 would offer confidence a low is in place. Reasonable...
by Lara | Apr 28, 2018 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 Price gapped higher but did not reach the short term target before turning a little lower in a mostly sideways day for Friday. At the end of this week, there are signals from On Balance Volume, the AD line, and VIX that support the Elliott wave counts....
by Lara | Apr 28, 2018 | Gold |
At least two different structures for this consolidation remain valid. The target remains the same. Summary: For the short term, price may move higher to begin the new week to above 1,332.34 but not above 1,333.84. Alternatively, it may just move sideways for a few...
by Lara | Apr 26, 2018 | Gold |
Downwards movement towards the target continues exactly as expected. Summary: The target zone for this downwards swing to end is now at 1,306 to 1,302. It may end tomorrow. At its end this downwards swing may offer a very good entry point for a long position prior to...
by Lara | Apr 25, 2018 | Gold |
Downwards movement was expected as likely, and this is what has happened. The target remains the same. Summary: The target zone for this downwards swing to end is now at 1,306 to 1,302. At its end this downwards swing may offer a very good entry point for a long...
by Lara | Apr 24, 2018 | Gold |
Last analysis expected that a small bounce may have begun. A green daily candlestick today fits this expectation exactly. Summary: The target zone for this downwards swing to end is now at 1,306 to 1,302. The bounce which unfolded today may be complete. If it is not...
by Lara | Apr 23, 2018 | Gold |
Downwards movement was expected to continue with strong momentum. This is exactly what has happened. Summary: The target for this downwards swing to end is still 1,306. Along the way down, there may be another multi day bounce that should remain below 1,333.84. It may...
by Lara | Apr 21, 2018 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 A new low below 2,671.17 indicated a deeper pullback was underway. Summary: A pullback may continue towards 2,587 – 2,578. There should be a bounce for a B wave on the way down that may turn up Monday or Tuesday. When this pullback is done, then a...
by Lara | Apr 21, 2018 | Gold |
Downwards movement continues now as expected and shows an increase in downwards momentum, which was also expected. The target remains the same and looks reasonable. Summary: The target is at 1,306. Do not expect this swing to move in a straight line. There may be one...
