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GOLD Elliott Wave Technical Analysis – 28th August, 2014

Upwards movement was expected. Both Elliott wave counts remain valid. The depth of this current downwards correction may provide some clarity. Summary: It is still most likely that an extending third wave is beginning, I expect more upwards movement with an increase...

GOLD Elliott Wave Technical Analysis – 27th August, 2014

Another green candlestick was expected, but we are not seeing an increase in upwards momentum. I have a new alternate hourly Elliott wave count for you to consider today. Summary: The direction of the next wave should be up. If it shows an increase in momentum then...

GOLD Elliott Wave Technical Analysis – 25th August, 2014

The (B)-(D) trend line of the primary wave 4 triangle continues to provide strong support. The main Elliott wave count still has a higher probability. Summary: The breakout is most likely to be upwards when price breaks out of this sideways move it has been in for two...