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GOLD Elliott Wave Technical Analysis – 30th October, 2013

Movement below 1,340.90 invalidated yesterday’s hourly wave count. I have gone back and re-analysed this recent upwards movement from 1,251.76 because something else must be happening. The wave count at the daily chart level remains mostly the same. I have two...

GOLD Elliott Wave Technical Analysis – 28th October, 2013

Last analysis had a main wave count which was preferred, and expected more upwards movement. Price has moved higher. I have only one wave count for you now; the alternate was invalidated. Click on the charts below to enlarge. Gold has completed its downwards wave and...

GOLD Elliott Wave Technical Analysis – 25th October, 2013

Analysis for Thursday had three alternate hourly wave counts, and one was invalidated on Friday. Two wave counts remain, and I must favour the main wave count. I will use the invalidation / confirmation price point to differentiate the two wave counts next week. Click...

GOLD Elliott Wave Technical Analysis – 24th October, 2013

Yesterday’s analysis expected downwards movement for a correction. This is not what happened as price has moved higher. The correction is still valid if it is a flat. I have three hourly wave counts (one main and two alternates) for you after considering as many...