by Lara | May 17, 2019 | Gold |
Price is now range bound. Two Elliott wave counts are used to map out possible movement and targets after a breakout in either direction. Summary: Resistance is about 1,310 and support is about 1,265. A downwards breakout may be slightly more likely. The target would...
by Lara | May 16, 2019 | Gold |
Two main Elliott wave counts are published today. Confidence and invalidation points will be used to indicate which is correct. Summary: The main view today remains bullish. A mid-term target is now at 1,324 where a consolidation within the new upwards trend may...
by Lara | May 15, 2019 | Gold |
The very short-term expectation at the hourly chart level was for some sideways movement. A slight lower low and lower high overall fits the expectation. Summary: There is strength in this upwards movement. The Elliott wave count now expects it to continue to end...
by Lara | May 14, 2019 | Gold |
More upwards movement was expected. The last daily candlestick makes a higher high and a higher low, which fits this expectation. Summary: There is strength in this upwards movement. The Elliott wave count now expects it to continue to end slightly above 1,346.45 in a...
by Lara | May 13, 2019 | Gold |
A strong upwards day with support from volume sees price break out of the channel on the daily chart. This necessitates a change in the Elliott wave count. Summary: There is strength in this upwards movement. The Elliott wave count now expects it to continue to end...
by Lara | May 11, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 Price closed back within the channel and remains above the invalidation point. Summary: The upwards trend may now resume. The final target remains the same at 3,045. A new limit for this fifth wave to end is now at 3,057.25. The biggest picture, Grand...
by Lara | May 10, 2019 | Gold |
A small range upwards week remains within the channel and below the invalidation point. The Elliott wave counts remain the same, and all expect the same direction next week. Summary: Expect the downwards trend to resume. Look out now for a possible strong increase in...
by Lara | May 9, 2019 | Gold |
Downwards movement was expected for Thursday’s session. An inside day sees price remain above identified support and below the Elliott wave invalidation point. Summary: Expect the downwards trend to resume. Look out now for a possible strong increase in...
by Lara | May 8, 2019 | Gold |
A bounce was expected to end about 1,289. Upwards movement reached a high at 1,290.90 where price sharply reversed, just 1.90 above the target. Summary: Expect the downwards trend to resume. Look out now for a possible strong increase in downwards momentum. The...
