by Lara | Oct 3, 2019 | Gold |
Upwards movement has continued and remains below the invalidation point and within the base channel. Today a bullish signal from On Balance Volume prompts a relabelling of the bullish daily Elliott wave count. Summary: A new low below 1,485.43 would provide confidence...
by Lara | Oct 2, 2019 | Gold |
A little more upwards movement for the very short term was expected to about 1,492. Upwards movement did continue but more than expected, reaching 1,504.08. Price remains below invalidation points. Summary: The downwards trend may resume. The next short-term target...
by Lara | Oct 1, 2019 | Gold |
The preferred bearish Elliott wave count expected a bounce for the short term up to a target at 1,492. So far some upwards movement for the session has reached 1,485.43. Summary: For the very short term, this bounce may continue a little higher to test resistance at...
by Lara | Sep 30, 2019 | Gold |
Overall, both Elliott wave counts have expected downwards movement. The first short-term target at 1,464 has almost been met with a low today at 1,465.83. Summary: The next short-term target may now be at 1,420. A classic analysis target using the flag pattern is at...
by Lara | Sep 28, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 Upwards movement was expected for Friday. An outside day closes red. Price remains above the short-term invalidation point and within the Elliott channel. Summary: The upwards trend to new all time highs may resume next week. The next target is 3,120. A...
by Lara | Sep 27, 2019 | Gold |
Again, downwards movement was expected. For the short term, a bounce was expected to begin about the lower edge of the channel on hourly charts. This is what happened at the end of Friday’s session after downwards movement. Summary: A short-term target may now...
by Lara | Sep 26, 2019 | Gold |
More downwards movement was expected. Price has moved very slightly lower to complete a small range day, which remains well below the short-term invalidation point. Summary: A short-term target may now be at 1,464 or 1,420. A classic analysis target using the flag...
by Lara | Sep 25, 2019 | Gold |
A bounce was expected to end soon, and the downwards trend was expected to thereafter resume. Strong downwards movement today indicates the bounce is over. Summary: A short-term target may now be at 1,464 or 1,420. A classic analysis target using the flag pattern is...
by Lara | Sep 24, 2019 | Gold |
A bounce was expected to continue up to about 1,529. The high for this session was at 1,534.62. Summary: The bounce may continue a little higher to about 1,538 before the downwards trend resumes. The bearish Elliott wave count expects a new downwards trend to last one...
