by Lara | Jun 7, 2019 | Gold |
A new high above 1,346.45 was expected for the main Elliott wave count, although some further consolidation was expected first. Summary: This upwards trend is expected to end above 1,346.45 but not above 1,365.68. Along the way up, one more small multi day...
by Lara | Jun 6, 2019 | Gold |
An inside day with relatively weak volume fits the expectations for some consolidation after a blow off top. The final target zone remains the same. Summary: This upwards trend is expected to end above 1,346.45 but not above 1,365.68. Along the way up, one more small...
by Lara | Jun 5, 2019 | Gold |
A sharp upwards spike completes a strong candlestick pattern today, which suggests the next direction for at least a few days. Summary: This upwards trend is expected to end above 1,346.45 but not above 1,365.68. Along the way up, one more small multi day...
by Lara | Jun 4, 2019 | Gold |
A small consolidation or pullback was expected to begin within this upwards movement. Today that may have arrived, as the short-term expectation for yesterday’s hourly chart anticipated. Summary: This upwards trend is expected to end above 1,346.45 but not above...
by Lara | Jun 3, 2019 | Gold |
Upwards movement was expected to continue, which is exactly what has happened. A new high above 1,311.40 early in the session added confidence to this expectation. Summary: This upwards trend is expected to end above 1,346.45 but not above 1,365.68. Along the way up,...
by Lara | Jun 1, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 Downwards movement was expected as most likely for Friday’s session, which is exactly what happened. The first target at two degrees can now be calculated. Summary: The low of December 2018 is expected to most likely remain intact, and this pullback...
by Lara | Jun 1, 2019 | Gold |
An upwards breakout fits the alternate Elliott wave count. Summary: An upwards breakout on Friday has support from volume. The target is just above 1,346. A new high above 1,311.40 would add confidence that an upwards trend to move above 1,346.45 is underway. Grand...
by Lara | May 30, 2019 | Gold |
Price remains range bound within identified support and resistance. A breakout may come now next week. Summary: Resistance is about 1,310 and support is about 1,265. A downwards breakout may still be more likely. The target would then be at 1,219 (which may not be low...
by Lara | May 29, 2019 | Gold |
Price continues to move sideways. The short-term structure fits the main hourly Elliott wave count best. Summary: Resistance is about 1,310 and support is about 1,265. A downwards breakout this week may still be more likely. The target would then be at 1,219 (which...
