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GOLD Elliott Wave Technical Analysis – 23rd May, 2014

Further sideways movement indicates a nine wave triangle is unfolding. It looks incomplete. The confirmation and invalidation points can now be moved closer together, reducing risk and increasing reward. Summary: A break below 1,283.43 would indicate Gold is breaking...

GOLD Elliott Wave Technical Analysis – 22nd May, 2014

The triangle may now be complete. A break below 1,277.57 would confirm this. Summary: Sideways movement may have just ended and price may be breaking out to the downside. Confirmation below 1,277.57 is required. The target is 1,189. This analysis is published about...

Bitcoin Elliott Wave Analysis – 21st May, 2014

Data is daily only. Click chart to enlarge. My last analysis of Bitcoin expected to see more downwards movement to complete an ending diagonal for a C wave. However, the last two days have seen some strong upwards movement so I have looked at other possibilities...

GOLD Elliott Wave Technical Analysis – 21st May, 2014

With continued sideways movement today I am discarding the prior main wave count in favour of the alternate, which will be my only wave count. Summary: In the short term sideways movement may continue. I have a short term target at 1,300 for a little upwards movement....

GOLD Elliott Wave Technical Analysis – 20th May, 2014

More sluggish sideways movement to complete another small doji candlestick was not what was expected. I have a new alternate wave count for you today. Summary: By the end of this week I expect Gold to break below 1,273.43. The downwards trend should resume. This...

GOLD Elliott Wave Technical Analysis – 19th May, 2014

Price has again moved sideways to complete another doji candlestick. The wave count is mostly the same, but recent movement on the hourly chart is reanalysed. The target remain the same. Summary: A third wave down has still most likely begun. The target for it to end...

GOLD Elliott Wave Technical Analysis – 16th May, 2014

Downwards movement continues as expected, but we have not yet seen the increase in momentum I had expected. Summary: A third wave down has still most likely begun. The target for it to end is 1,247 and this may be reached in six more days. This analysis is published...