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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...

GOLD Elliott Wave Technical Analysis – 6th December, 2013

Last analysis expected to see a green candlestick for Friday’s session which is exactly what we have got. However, upwards movement fell well short of the target of 1,252, by $7.26. The wave count remains the same. Click on the charts below to enlarge. Gold is...

GOLD Elliott Wave Technical Analysis – 5th December, 2013

Yesterday’s analysis expected a little more upwards movement before price turned down. This is not what happened. A careful analysis of the last downwards wave on the hourly chart will determine if this correction is over or not. Click on the charts below to...