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GOLD Elliott Wave Technical Analysis – 9th September, 2013

Last analysis expected upwards movement, which would have been confirmed with a trend channel breach on the hourly chart. Price has moved sideways, and remains firmly within the channel. The wave counts remain the same. Click on the charts below to enlarge. Main Wave...

GOLD Elliott Wave Technical Analysis – 6th September, 2013

Last analysis expected a little downwards movement to a short term target at 1,357 before a trend change and upwards movement. Price moved lower to 1,359.25, just 2.25 short of the target, before turning around and moving strongly upwards. The main wave count remains...

GOLD Elliott Wave Technical Analysis – 5th September, 2013

Downwards movement invalidated both hourly wave counts, which both had very close by invalidation points. I have spent more time today looking at structures on the monthly chart, at primary and cycle degree. I have a new alternate for you which sees recent upwards...

GOLD Elliott Wave Technical Analysis – 4th September, 2013

Yesterday’s analysis expected more upwards movement for Wednesday from gold. This is not what happened. Although price moved lower it remains above the invalidation point on the hourly charts. Click on the charts below to enlarge. Main Wave Count. Primary wave C...