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GOLD Elliott Wave Technical Analysis – 6th October, 2014

Downwards movement continued for a little, which as expected, and was followed by a deep upwards movement which was also expected for minute wave ii (as labeled in last Elliott wave analysis). I have two wave counts for you today. Summary: Intermediate wave (1) may be...

GOLD Elliott Wave Technical Analysis – 24th July, 2014

Movement below 1,292.25 has clarified the situation for the short term. The main hourly Elliott wave count was judged to have about a 60% probability, but was invalidated. The less likely hourly alternate is now the main count, and I still have an alternate daily...

GOLD Elliott Wave Technical Analysis – 25th June, 2014

The main Elliott wave count from yesterday expected the start of downwards movement. A breach of 1,314.19 confirmed the main wave count and invalidated the alternate. Summary: It is very likely today that a B wave downwards has begun. It should last about three weeks...

GOLD Elliott Wave Technical Analysis – 14th May, 2014

Movement above 1,298.93 indicated the alternate wave count was correct and at that stage it expected more upwards movement. I had expected price to move lower and show an increase in downwards momentum for Wednesday’s session. This is not what happened. Summary:...

GOLD Elliott Wave Technical Analysis – 26th December, 2013

Last analysis expected a continuation of a fourth wave correction, with two hourly charts for two possible structures. The triangle was invalidated and this fourth wave subdivides nicely as a double zigzag, which may now be complete. Click on the charts below to...