by Lara | Sep 12, 2019 | Gold |
A new high above 1,503.29 indicated a short-term bounce. The high for the session thereafter was reached at 1,521.27. Summary: The situation is unclear for the short term. The bounce may continue up to about 1,529 before the downwards trend resumes, or price may...
by Lara | Sep 11, 2019 | Gold |
A small range inside day leaves both Elliott wave counts the same today. Summary: For the short term, while price remains below 1,503.29, it is safest to assume price will keep falling. If price makes a new high by any amount at any time frame above 1,503.29, then...
by Lara | Sep 10, 2019 | Gold |
An upwards swing was expected for the short term, but price continues to fall. Overall, both Elliott wave counts have expected downwards movement this week. Summary: For the short term, while price remains within the best fit channel and below 1,503.29, it is safest...
by Lara | Sep 9, 2019 | Gold |
Another downwards day overall fits expectations for both Elliott wave counts which expect the same direction next. Summary: For the short term, an upwards swing to about 1,536 may unfold here before downwards movement resumes. The bearish Elliott wave count expects a...
by Lara | Sep 7, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 A finish to the week with a small range inside day does not change the Elliott wave count. The target remains the same and the wave count has strong support from classic technical analysis. Summary: An upwards breakout above 2,940 with support from volume...
by Lara | Sep 6, 2019 | Gold |
Downwards movement was expected for Friday’s session, which is what has happened. Both Elliott wave counts expect the same direction next. Summary: Price remains range bound and volume suggests a downwards swing to support may begin here. The upwards trend...
by Lara | Sep 5, 2019 | Gold |
Yesterday’s analysis expected a downwards swing to begin, which is exactly what has happened. Summary: Price remains range bound and volume suggests a downwards swing to support may begin here. The upwards trend remains very extreme and overbought. The risk of a...
by Lara | Sep 4, 2019 | Gold |
A small range upwards day has failed to close above resistance and exhibits a decline in volume. Three Elliott wave counts now remain valid. Summary: Price remains range bound and volume suggests a downwards swing to support may begin here. The upwards trend remains...
by Lara | Sep 3, 2019 | Gold |
Although the new month has begun with a strong upwards day, price remains range bound and below resistance. Summary: Resistance is currently about 1,565 and support is about 1,525. A close above resistance with support from volume would indicate more upwards movement...
