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GOLD Elliott Wave Technical Analysis – 25th February, 2014

Again upwards movement was not expected, although it was allowed for and has not invalidated the wave count. I had expected a B wave to begin or be very close to beginning. It is not here yet. The wave count is changed. Summary: The structure within minor wave A most...

GOLD Elliott Wave Technical Analysis – 8th January, 2014

The main and first alternate hourly wave counts yesterday expected more downwards movement which is what we have seen. The second alternate now looks extremely unlikely and will be discarded. At this stage the two remaining wave counts expect the same direction next....

GOLD Elliott Wave Technical Analysis – 5th December, 2013

Yesterday’s analysis expected a little more upwards movement before price turned down. This is not what happened. A careful analysis of the last downwards wave on the hourly chart will determine if this correction is over or not. Click on the charts below to...

US OIL Elliott Wave Technical Analysis – 1st November, 2013

Last analysis on 23rd October had a short to mid term target at 94.46. Price reached down to 94.36, but the structure is incomplete and price should continue lower. Click on the charts below to enlarge. The bigger picture sees US Oil in a new downwards trend to last...