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GOLD Elliott Wave Technical Analysis – 7th October, 2013

Last analysis expected downwards movement. This is not what happened, and movement above 1,325.66 invalidated the hourly wave count. Click on the charts below to enlarge. It is most likely that primary wave 4 is not over and is unfolding as a large flat correction....

SILVER Elliott Wave Technical Analysis – 4th October, 2013

Movement below 21.216 invalidated last week’s wave count. Minor wave B is continuing lower as a double zigzag. Click on the charts below to enlarge. A downwards zigzag is unfolding at primary wave degree. Within the zigzag intermediate wave (A) is complete....

GOLD Elliott Wave Technical Analysis – 4th October, 2013

Last analysis expected a little more upwards movement before a trend change. Price moved sideways in a very small range, completing a triangle for a B wave. The wave count remains the same. Click on the charts below to enlarge. It is most likely that primary wave 4 is...

GOLD Elliott Wave Technical Analysis – 2nd October, 2013

Yesterday’s update expected more downwards movement with small fourth wave corrections along the way. This was not what happened as price moved higher in a deep second wave correction. Click on the charts below to enlarge. This wave count sees gold in a grand...

GOLD Elliott Wave Technical Analysis – 1st October, 2013

Last analysis expected upwards momentum to increase. We have seen exactly the opposite of that expectation. Movement below 1,291.84 invalidated the main wave count and confirmed the alternate. In addition to the alternate I have a new wave count for you today, which...