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GOLD Elliott Wave Technical Analysis – 11th November, 2013

End of week analysis expected the new week to begin with sideways and a little upwards movement towards 1,293.62, before one more wave downwards. Price has moved sideways and slightly lower. This fourth wave correction may be completing a triangle or a flat, and the...

GOLD Elliott Wave Technical Analysis – 8th November, 2013

Thursday’s analysis expected sideways movement to end about 1,314.96, followed by strong downwards movement as a third wave began. Price moved sideways to reach 1,313.93 then turned downwards strongly. Downwards momentum has increased as expected. The wave count...

GOLD Elliott Wave Technical Analysis – 4th November, 2013

Last analysis expected a little upwards movement to either about 1,327 or 1,340. Price did move a little higher, but remains within the channel on the hourly chart. The structure of the current wave is incomplete, and it should continue a little further. The wave...