Yesterday’s analysis expected more downwards movement which is exactly what has happened.Summary: Price should continue to move lower overall with an increase in downwards momentum. The short term target at 1,217 may be met in one day, and the short / mid term target at 1,198 may be about two days away.Click on the charts below to enlarge.Gold is still […]
In last analysis both hourly wave counts expected more upwards movement which is what happened. However, upwards movement was followed by a sharp spike below 1,227.11. The targets were not reached.It is at this point the hourly wave counts diverge. Click on the charts below to enlarge.Gold is still within a large fourth wave correction at primary wave degree which […]
Yesterday’s analysis expected more upwards movement from Gold. Price has moved higher, but it is not a convincing third wave… yet.I have the same main wave count with now two alternates at the daily chart level. The first alternate may be used if confirmed with movement below 1,225.40. The second alternate expects the same movement as the main wave count.*Edit: […]
GOLD Elliott Wave Technical Analysis By: Lara Iriarte | Tue, Nov 5, 2013 SharePrintEmailYesterday’s analysis expected downwards movement to a minimum of 1,308 before
upwards movement. Price moved lower as expected, reaching down to 1,305.97.The corrective structure of minute wave b is still incomplete.Larger
ImageThe structure for primary wave 4 cannot be a flat correction, because what
would be the B […]
