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GOLD Elliott Wave Technical Analysis – 6th June, 2014

Sideways movement completed a red doji candlestick for Friday’s session. The prior day’s high at 1,258.38 remains intact for now and the wave count remains the same. Summary: A third wave down has most likely begun. The target is 1,206. Movement below...

GOLD Elliott Wave Technical Analysis – 25th April, 2014

Upwards movement was expected. The target is not yet reached, but the structure is incomplete. The target may be reached on Monday. Summary: In the short term I expect to see a little more upwards movement. It may end about 1,308 or it may continue higher. If we see a...

GOLD Elliott Wave Technical Analysis – 24th February, 2014

Upwards movement invalidated the hourly wave count. Although a new high within a B wave is possible this high is too soon within the B wave to fit the wave count. The wave count is changed. Summary: Minor wave A is just complete or very close to completion. The next...

GOLD Elliott Wave Technical Analysis – 27th January, 2014

Both hourly wave counts were invalidated: first the alternate with upwards movement, and following that the main with downwards movement. The structure of the last upwards wave on the hourly chart is now clear and complete. The current downwards wave is incomplete....

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...