by Lara | Jul 10, 2019 | Gold |
Price remains range bound. A breakout is expected shortly. Elliott wave counts provide targets. Summary: After the breakout from multi year resistance on 20th June, it was expected that price would curve around and back test support about 1,360 to 1,375. That test of...
by Lara | Jul 9, 2019 | Gold |
Another small range day moves price mostly sideways. After a highly significant breakout, a pullback or consolidation was expected to test support. Summary: After the breakout from multi year resistance on 20th June, it was expected that price would curve around and...
by Lara | Jul 8, 2019 | Gold |
A small range inside day leaves all three Elliott wave counts valid. Summary: A strong downwards day for Friday with a strong push from volume suggests the back test may be incomplete (or the bearish Elliott wave count may be correct). Look out now for another test of...
by Lara | Jul 6, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 Upwards movement for the week continues as expected, and it has support from rising market breadth and declining volatility. The Elliott wave counts remain the same. Summary: The next short-term target is at 3,058. Look for corrections to continue to be...
by Lara | Jul 5, 2019 | Gold |
A strong downwards session to end the week favours the bearish Elliott wave count, but price has not yet invalidated any of the three daily charts published for members. Summary: A strong downwards day for Friday with a strong push from volume suggests the back test...
by Lara | Jul 4, 2019 | Gold |
Another small range day while New York is closed for the 4th of July leaves the Elliott wave counts unchanged. Summary: Price has come down to test support at prior resistance just above 1,375 and bounced up strongly from there. The bounce looks strong enough to...
by Lara | Jul 3, 2019 | Gold |
A small range day remains just below the last high. All Elliott wave counts remain valid. Summary: Price has come down to test support at prior resistance just above 1,375 and bounced up strongly from there. The bounce looks strong enough to suggest the back test may...
by Lara | Jul 2, 2019 | Gold |
The last high remains in place. All three Elliott wave counts at the daily chart level remain valid. Classic technical analysis favours the alternate Elliott wave count. Summary: Price has come down to test support at prior resistance just above 1,375 and bounced up...
by Lara | Jun 29, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 A small upwards day fits expectations for the short term. At the end of the week, volume and breadth are pointing to the direction for next week. Summary: The upwards trend is expected to fairly likely resume with strength next week. The pullback may be...
