by Lara | Oct 24, 2018 | Gold |
Another consolidation was expected to have begun. A small range inside day fits this expectation. Summary: Another multi week consolidation may have begun, which may end about 1,217 and may not move below 1,201.14. Resistance is about 1,240 and support is about 1,220....
by Lara | Oct 23, 2018 | Gold |
An upwards breakout from a small Elliott wave triangle or a classic pennant pattern was expected, and this is what has happened. Candlestick analysis is used today to determine if the target remains likely. Summary: A long upper wick today suggests the upwards...
by Lara | Oct 22, 2018 | Gold |
Sideways movement was expected to continue. A small range downwards day remains between identified support and resistance. This fits expectations. Summary: A small Elliott wave triangle or classic pennant pattern may be completing. Look out for an upwards breakout to...
by Lara | Oct 21, 2018 | Gold, Lara's Weekly, S&P500, US Oil |
S&P 500 Downwards movement was expected for the short term. Although price did not make a new low, the candlestick for Friday closed red and the upper wick was long. Overall, this fits expectations. Summary: For the short term, next week may see more downwards...
by Lara | Oct 20, 2018 | Gold |
Sideways movement continued at the end of the week, which is what the short term expectation was for the Elliott wave count. Summary: A fourth wave consolidation may end next week; it may reach as low as 1,210, but should not move below 1,207.78. Thereafter, upwards...
by Lara | Oct 18, 2018 | Gold |
Sideways movement was expected to continue. Summary: Some sideways and slightly lower movement may continue for another one to few days; it may reach as low as 1,210, but should not move below 1,207.78. Thereafter, upwards movement may resume towards a short term...
by Lara | Oct 17, 2018 | Gold |
Sideways and slightly lower movement was expected to continue. A small range day moved price lower, closing as a doji candlestick; this fits expectations for the Elliott wave counts. Summary: Some sideways and slightly lower movement may continue for another one to...
by Lara | Oct 16, 2018 | Gold |
Sideways movement was expected for Tuesday’s session. A small inside day completes as a doji candlestick, which exactly fits expectations. Summary: Some sideways and slightly lower movement may continue for another one to few days; it may reach as low as 1,210,...
by Lara | Oct 15, 2018 | Gold |
Upwards movement has continued, which was allowed for in the main Elliott wave count. Volume and candlestick analysis are used today to indicate the most likely short term Elliott wave count. Summary: Upwards movement today has substantially weaker volume and a long...
