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GOLD Elliott Wave Technical Analysis – 5th November, 2014

Movement below 1,161.26 invalidated the main Elliott wave count and confirmed the two alternates. Summary: I expect a green candlestick or a small doji for Thursday’s session as a second wave unfolds. Expect any surprises from here on to be to the downside as...

GOLD Elliott Wave Technical Analysis – 18th July, 2014

Downwards movement fits the main Elliott wave count, but is not enough to provide clarity. I still have two daily wave counts. Summary: For Monday I expect to see a third wave begin. I expect it will most likely be upwards, and I would have more confidence in this...

GOLD Elliott Wave Technical Analysis – 4th July, 2014

Sideways movement has not given us clarity. Both Elliott wave counts remain valid. Summary: It is most likely price will move lower towards 1,300. Thereafter, the depth of upwards movement may give us clarity. Click on charts to enlarge. Main Wave Count. Primary wave...

GOLD Elliott Wave Technical Analysis – 8th April, 2014

Upwards movement reached 1,314.48, just 1.48 above the short term target of 1,313 for the main hourly wave count. Summary: The structure of this upwards movement is clearer: it is an unfolding zigzag. This expects overall a clearer upwards trend. This should continue...

GOLD Elliott Wave Technical Analysis – 7th February, 2014

Upwards movement was expected. There has been a slight increase in momentum, but a new high was not made. The wave count remains the same. Summary: Upwards momentum should show a further increase. The target remains the same at 1,297 and is still at least three days...