by Lara | Feb 13, 2018 | Gold |
Upwards movement continued as expected. Today’s classic analysis sees a new idea for the short term as now more likely. Summary: Price is again right at resistance at the upper edge of the yellow best fit channel on hourly charts. Volume strongly suggests a...
by Lara | Feb 12, 2018 | Gold |
Price is moving slowly higher as last analysis expected it to. Summary: Price is at support. For the short term, a new high above 1,327.81 and then above the yellow best fit channel would indicate an end to the downwards swing and the start of a new upwards swing. An...
by Lara | Feb 10, 2018 | Gold, Lara's Weekly, S&P500, US Oil |
US OIL ANALYSIS Last analysis expected Oil had made a high. A breach of the channel on the daily chart added confidence to this view. Thereafter, Oil has continued to fall as expected. Summary: The target is at 13.39. In the short term, look out for a bounce that...
by Lara | Feb 10, 2018 | Gold |
Last analysis expected support to hold, and it has. Summary: Price is at support. For the short term, a new high above 1,327.81 and then above the yellow best fit channel would indicate an end to the downwards swing and the start of a new upwards swing. The target is...
by Lara | Feb 8, 2018 | Gold |
Another downwards day was expected to see price continue towards the target. Summary: Price is at support, so the target may not be met. For the short term, a new high above 1,327.81 and then above the yellow best fit channel would indicate an end to the downwards...
by Lara | Feb 7, 2018 | Gold |
Price continues to move lower towards the target as expected from the main Elliott wave count. Summary: The target for this downwards wave remains at 1,286 – 1,284. About there a reversal and a strong bounce may begin. The mid term picture still expects that...
by Lara | Feb 6, 2018 | Gold |
Price reacted downwards off the trend channel on the hourly charts and has bounced up from support at the lower edge. Summary: Assume resistance and support at the trend channel for the short term. If price breaks above the upper edge, look for a strong bounce. The...
by Lara | Feb 5, 2018 | Gold |
Gold continues to be range bound exactly as expected. Summary: This consolidation may continue for another 12 weeks (including this week). It may be choppy and overlapping, or it may be a sharper pullback. Support may be about 1,315 or possibly as low as 1,284....
by Lara | Feb 3, 2018 | Gold, Lara's Weekly, S&P500, US Oil
GOLD ANALYSIS Summary: A consolidation looks likely to have begun, and it may be as time consuming as a Fibonacci 13 or even 21 weeks. It is also possible it may be a quicker sharper pullback. When it is complete, the upwards trend may resume. A new low below 1,236.54...
