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GOLD Elliott Wave Technical Analysis – 14th January, 2014

Last analysis expected one or two more days of upwards movement towards a target at 1,280. This is not what happened. Downwards movement has breached the parallel channel on the hourly chart, and invalidated the main wave count at the hourly chart level. The wave...

GOLD Elliott Wave Technical Analysis – 23rd December, 2013

Last analysis expected a little more upwards movement towards a short term target at 1,210 before price turned lower. This is not what happened. Last analysis stated that if Monday produced a red candlestick that the current fourth wave correction would be unlikely to...

GOLD Elliott Wave Technical Analysis – 11th December, 2013

Price has moved lower. I had expected it a little, but I had not expected it to be this slow. The situation at this stage is unclear. I have looked for alternates for you, including a bullish alternate which sees a trend change at 1,211.83 five days ago. I have...

GOLD Elliott Wave Technical Analysis – 27th November, 2013

Yesterday’s analysis expected upwards movement for a third wave to begin towards a target at 1,286. The target was expected to be one to two days away. Price did move a little higher, but thereafter moved to a slight new low. The third wave has not yet begun....

GOLD Elliott Wave Technical Analysis – 12th November, 2013

Last analysis expected more sideways and slightly higher movement before one more downwards wave. Price did not move higher, it moved sideways, and was followed by another wave downwards. The target at 1,271 was comfortably exceeded. I have a new alternate wave count...