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GOLD Elliott Wave Technical Analysis – 23rd December, 2013

Last analysis expected a little more upwards movement towards a short term target at 1,210 before price turned lower. This is not what happened. Last analysis stated that if Monday produced a red candlestick that the current fourth wave correction would be unlikely to...

GOLD Elliott Wave Technical Analysis – 20th December, 2013

The short term target for Friday was 1,180. Price fell short of the target reaching only 1,187.36. Downwards movement ended perfectly at the lower edge of the pink parallel channel on the daily and hourly chart. The wave count remains the same. Click on the charts...

GOLD Elliott Wave Technical Analysis – 19th December, 2013

Yesterday’s short term target at 1,205 has been comfortably passed, and at the time of publication price is 13.67 below the target. The wave count remains the same. Click on the charts below to enlarge. Gold is still within a large fourth wave correction at...

US OIL Elliott Wave Technical Analysis – 17th December, 2013

Last analysis expected more downwards movement towards a short term target at 96.49. Downwards movement reached 96.21. Price turned upwards from there. The wave count is the same. Click on the charts below to enlarge. The bigger picture sees US Oil in a new downwards...

GOLD Elliott Wave Technical Analysis – 16th December, 2013

Both the main and alternate hourly wave counts expected more upwards movement for Monday. The target for the main wave count was 1,251. So far it has been exceeded by 1.32. Both wave counts remain the same and both remain valid. Click on the charts below to enlarge....