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GOLD Elliott Wave Technical Analysis – 27th May, 2014

Finally we have the breakout we were expecting, and as expected it is to the downside. Movement below the lower triangle trend line and below 1,283.43 has confirmed this. Summary: The short term target is 1,256 for the first five down to end. Once this is complete I...

GOLD Elliott Wave Technical Analysis – 1st May, 2014

I have expected Gold to remain range bound, but within that range to complete the structure with a little upwards movement. With price moving lower during Thursday’s session I want to consider another alternate idea. Summary: It is most likely that Gold will...

GOLD Elliott Wave Technical Analysis – 30th April, 2014

More sideways movement was expected, which is what has happened. However, a new low slightly below the invalidation point on the main hourly wave count was not expected. Summary: It is most likely that Gold will remain range bound for another one or two days, with...

GOLD Elliott Wave Technical Analysis – 1st April, 2014

Price has moved slightly lower. The target was not reached. I have only one hourly wave count for you today. Summary: Downwards movement may have just ended. A clear breach of the orange channel on the hourly chart is required for confidence in a trend change. This...