by Lara | Oct 24, 2019 | Gold |
Price remains within the pennant trend lines and below resistance. All three Elliott wave counts remain valid. Today volume suggests the bearish alternate or bullish wave counts may be more likely. Summary: A new low below 1,456.64 would provide confidence that the...
by Lara | Oct 23, 2019 | Gold |
There has been no breakout yet. The target from the pennant and the Elliott wave targets remain the same. Summary: A downwards breakout may happen soon. A new low below 1,456.64 would provide confidence that the downward trend has resumed. The short-term target may be...
by Lara | Oct 22, 2019 | Gold |
Another small range day with light volume sees all three Elliott wave counts remain valid. Today the pennant has lasted 15 sessions, so tomorrow may see a breakout. Summary: A downwards breakout may happen tomorrow. A new low below 1,456.64 would provide confidence...
by Lara | Oct 21, 2019 | Gold |
A small range day remains within the pennant trend lines. Targets remain the same. Summary: A downwards breakout may happen this week. A new low below 1,456.64 would provide confidence that the downward trend has resumed. The short-term target may be at 1,420 (Elliott...
by Lara | Oct 19, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 A little downwards movement was expected for the short term, which is what happened. The short-term targets remain the same. Summary: For the very short term, a little more downwards movement to about 2,968 or 2,947 may continue next week. Thereafter, the...
by Lara | Oct 18, 2019 | Gold |
A small range inside week leaves all three Elliott wave counts valid. At the end of the week, a classic pennant pattern looks to be forming. The flag pole is used to calculate a target. Summary: A downwards breakout may happen next week. A new low below 1,456.64 would...
by Lara | Oct 17, 2019 | Gold |
Another small range day remains within a consolidation zone. Three daily Elliott wave counts remain valid. Today volume and ATR suggest a direction for tomorrow. Summary: A downwards breakout may happen in the next day or so. A new low below 1,456.64 would provide...
by Lara | Oct 16, 2019 | Gold |
Price remains range bound. All three daily Elliott wave counts remain valid. Today the bearish alternate wave count is relabelled for better proportion. Summary: A new low below 1,456.64 would provide confidence that the downward trend has resumed. The short-term...
by Lara | Oct 15, 2019 | Gold |
The main wave count expected downwards movement for the last session, which is what has happened. All three daily Elliott wave counts remain valid as price remains range bound. Summary: A new low below 1,456.64 would provide confidence that the downward trend has...
