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GOLD Elliott Wave Technical Analysis – 19th March, 2014

Downwards movement was expected for both the main and alternate wave counts. I had expected a little more upwards movement to 1,366 first, but this target was not reached. Summary: The main wave count has increased in probability. If the next candlestick remains below...

GOLD Elliott Wave Technical Analysis – 18th March, 2014

Downwards movement was expected for the main wave count. I have a new alternate wave count for you. Summary: I expect a little upwards movement to 1,366 to complete a correction. This should be followed by more downwards movement. We need to see a clear breach of the...

GOLD Elliott Wave Technical Analysis – 10th March, 2014

Price moved lower as expected, but failed to reach the short term targets at 1,319 to 1,316. Downwards movement reached only to 1,328. Both wave counts are still valid but I favour the main wave count strongly. Summary: I expect that we may have just seen a trend...

GOLD Elliott Wave Technical Analysis – 7th March, 2014

Downwards movement has invalidated one of the three wave counts. The other two are still viable (with some adjustment). I now have a clear price point which will differentiate the two wave counts for next week, and I now judge one to have a higher probability than the...