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GOLD Elliott Wave Technical Analysis – 2nd June, 2014

Downwards movement was expected. Because an upwards correction has breached the base channel on the hourly chart, and because downwards momentum has not increased, I have an alternate hourly wave count for you today. Summary: The short term target for this week is...

GOLD Elliott Wave Technical Analysis – 20th May, 2014

More sluggish sideways movement to complete another small doji candlestick was not what was expected. I have a new alternate wave count for you today. Summary: By the end of this week I expect Gold to break below 1,273.43. The downwards trend should resume. This...

GOLD Elliott Wave Technical Analysis – 3rd April, 2014

Downwards movement in a small range remains above the invalidation point. The hourly wave counts remain the same but now have a more even probability. Summary: We may either see the continuation of a new upwards trend for about two weeks, or we may see very choppy...

GOLD Elliott Wave Technical Analysis – 16th December, 2013

Both the main and alternate hourly wave counts expected more upwards movement for Monday. The target for the main wave count was 1,251. So far it has been exceeded by 1.32. Both wave counts remain the same and both remain valid. Click on the charts below to enlarge....

GOLD Elliott Wave Technical Analysis – 24th October, 2013

Yesterday’s analysis expected downwards movement for a correction. This is not what happened as price has moved higher. The correction is still valid if it is a flat. I have three hourly wave counts (one main and two alternates) for you after considering as many...