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GOLD Elliott Wave Technical Analysis – 23rd September, 2013

The small channel on the hourly chart was breached, but price has moved sideways not higher. It looks like we may be seeing a small triangle complete. When this is done we should see a brief sharp downward thrust, to be followed by the resumption of upwards movement....

GOLD Elliott Wave Technical Analysis – 16th September, 2013

Last analysis expected a little upwards movement to a short term target at 1,338 before price turned and continued the new downwards trend. Price did move higher, falling 2.86 short of the target, before turning around to make a slightly new low. Click on the charts...

GOLD Elliott Wave Technical Analysis – 13th September, 2013

Last analysis expected downwards movement to a short term target at 1,308. Price reached down to 3.02 below the target before turning upwards, but it did not manage to stay within the narrowly drawn channel on the hourly chart. The wave count remains mostly the same....