GOLD Elliott Wave Technical Analysis – 3rd November, 2014

Upwards movement was expected for Monday’s session. A red candlestick was not expected, but price has mostly moved sideways and remains above the invalidation point on the main Elliott wave hourly chart. Summary: It is still most likely that downwards movement...

GOLD Elliott Wave Technical Analysis – 28th October, 2014

Downwards movement continued, but fell short of the target at 1,217 by $5.58. Summary: Intermediate wave (2) is unfolding as a big flat correction. Overall I expect more downwards movement to 1,190.04 in the mid term. In the short term I expect to see very choppy...