by Lara | Nov 14, 2018 | Gold |
A strong bounce invalidated the short-term hourly chart of one Elliott wave count, which increased the confidence in another Elliott wave count. Summary: Reasonable weight is given today to a candlestick reversal pattern. It looks like a low is now in place. The...
by Lara | Nov 13, 2018 | Gold |
More downwards movement was expected. Summary: Look for next support about 1,183. Classic analysis still favours the Combination wave count. A doji candlestick today puts the trend from down into neutral for the time being. Tomorrow’s candlestick will be...
by Lara | Nov 12, 2018 | Gold |
Downwards movement was expected to continue for the new week. So far this is what is happening. Summary: Look for next support about 1,183. Classic analysis still favours the Combination wave count. New updates to this analysis are in bold. Grand SuperCycle analysis...
by Lara | Nov 11, 2018 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 Upwards movement overall was expected for the week, which is what has happened. Summary: For the short term, another upwards wave to 2,835 may begin on Monday. After that some sideways movement or a deeper pullback may begin. Overall, this bounce is...
by Lara | Nov 10, 2018 | Gold |
More downwards movement was expected as possible, but a close below support is more bearish than expected. Summary: Friday completes a classic downwards breakout below support. Look for next support about 1,185. Have confidence in a downwards trend if price makes a...
by Lara | Nov 8, 2018 | Gold |
A little more downwards movement has unfolded as expected. Summary: A multi-week consolidation may continue, which may not move below 1,201.14. Risk to any long positions here remains at 1,201.14. The consolidation may be unfolding as an Elliott wave triangle; the...
by Lara | Nov 7, 2018 | Gold |
A little downwards movement within a consolidation was expected to continue for Wednesday. So far price is behaving as expected this week. The breakout direction is still expected to be the same. Summary: A multi-week consolidation may continue, which may not move...
by Lara | Nov 6, 2018 | Gold |
Price remains within an identified consolidation zone. A new hourly Elliott wave count is considered for the very short-term picture. Summary: A multi-week consolidation may continue, which may not move below 1,201.14. Risk to any long positions here remains at...
by Lara | Nov 5, 2018 | Gold |
Another small range day fits short-term expectations. All Elliott wave counts remain valid. Summary: A multi-week consolidation may continue, which may not move below 1,201.14. Risk to any long positions here remains at 1,201.14. This week may see a downwards swing...
