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GOLD Elliott Wave Technical Analysis – 9th October, 2013

Last analysis expected downwards movement as most likely, which is exactly what happened. The trend channel and confirmation price point at 1,308.68 on the hourly chart were breached. Click on the charts below to enlarge. This is the main wave count with the highest...

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...