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GOLD Elliott Wave Technical Analysis – 5th March, 2014

Price has moved very slightly higher in a mostly sideways day. Both wave counts remain valid and both remain the same. Summary: The situation is unclear. While price remains within the green channel on the daily chart we should assume that the trend remains the same,...

GOLD Elliott Wave Technical Analysis – 19th February, 2014

Yesterday I expected to see downwards movement. Price has moved mostly sideways and a red candlestick has been produced on the daily chart which fits the wave count perfectly. This analysis is published about 02:45 p.m. EST. The wave count remains the same. Summary: I...

GOLD Elliott Wave Technical Analysis – 5th February, 2014

Upwards movement was expected from the main hourly wave count which was strongly favoured. The downwards correction which followed it is finding support about the lower edge of the trend channel. Summary: I expect a little more downwards movement to complete a second...

GOLD Elliott Wave Technical Analysis – 2nd December, 2013

Movement below 1,241.21 invalidated the main hourly wave count. Further movement below 1,225.4 confirmed the alternate daily wave count. At that stage the target for downwards movement was at 1,206. The main wave count is invalidated and I now expect more downwards...

GOLD Elliott Wave Technical Analysis – 7th October, 2013

Last analysis expected downwards movement. This is not what happened, and movement above 1,325.66 invalidated the hourly wave count. Click on the charts below to enlarge. It is most likely that primary wave 4 is not over and is unfolding as a large flat correction....