by Lara | Feb 22, 2019 | Gold |
A small range inside day sees the Elliott wave count remain the same. At the end of this week, classic analysis now supports the Elliott wave count. Summary: Both a Shooting Star on the weekly chart and an Evening Star on the daily chart indicate a high may be in...
by Lara | Feb 21, 2019 | Gold |
The first point looked for to give confidence in the Elliott wave count is now seen in a candlestick reversal pattern. Today completes an Evening Star on the daily chart for Gold. Summary: Today’s Evening Star reversal pattern indicates a high may be in place....
by Lara | Feb 20, 2019 | Gold |
The target using the flag pole remains the same. Summary: The target using the flag pole is 1,375. However, this upwards movement is now overbought. This target may be too optimistic. New updates to this analysis are in bold. Grand SuperCycle analysis is here. Last...
by Lara | Feb 19, 2019 | Gold |
The target at 1,338 to 1,341 is now met. Summary: The target using the flag pole is 1,375. However, this upwards movement is now overbought. This target may be too optimistic. New updates to this analysis are in bold. Grand SuperCycle analysis is here. Last historic...
by Lara | Feb 18, 2019 | Gold |
A little upwards movement provides a little short-term clarity. The target is now close by. Summary: The target is at 1,338 to 1,341. Once a trend change is indicated, then a new wave down to last years may be expected to make new lows below 1,046.27. New updates to...
by Lara | Feb 16, 2019 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 The first target at 2,767 was met and price kept rising. The next target is now used. Summary: The target is at 2,856. The upwards trend should be assumed to continue as long as price remains within the blue Elliott channel. The bigger picture still...
by Lara | Feb 16, 2019 | Gold |
Price still remains within an identified consolidation zone. Friday’s strong upwards day lacks support from volume. The breakout from a flag pattern is suspicious. Summary: A new high above 1,325.74 is required for confidence that the upwards trend remains. The...
by Lara | Feb 14, 2019 | Gold |
Price remains range bound and strong support continues to hold. Price points for support and resistance are identified. A breakout is required for confidence in the next trend. Summary: A new high on an upwards day with support from volume would be a classic upwards...
by Lara | Feb 13, 2019 | Gold |
An outside day remains range bound. A breakout from this consolidation is required to indicate the next trend. Summary: A new high on an upwards day with support from volume would be a classic upwards breakout. If that happens, then the target is at 1,338. A new low...
