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Gold Elliott Wave Technical Analysis – 27th March, 2013

Last analysis expected more upwards movement before a short term trend change. Upwards movement did make a new high and complete the structure. Click on the charts below to enlarge. This daily chart focuses on the new downwards trend of primary wave C. Within primary...

Gold Elliott Wave Technical Analysis – 20th March, 2013

Movement above 1,599.78 invalidated the main wave count from last analysis and confirmed the alternate. At that stage price was expected to be in a higher degree longer lasting correction with an initial expected target about 1,646. Click on the charts below to...

Gold Elliott Wave Technical Analysis – 13th March, 2013

Last week’s analysis expected gold to rise towards one of two targets. The first target was at 1,590 and the second at 1,604. Price has moved higher to reach up to 1,599.78, 4.22 below the second target. This week I expect gold to resume the downwards trend....

Gold Elliott Wave Technical Analysis – 6th March, 2013

Last week’s analysis expected to see further downwards movement for gold, before a second wave correction. Price moved lower before beginning some sideways movement. This is pretty much what was expected. The wave count remains the same. I can now calculate...