upwards

6th February, 2014 – GOLD Elliott Wave Technical Analysis | Elliott …

I had expected a little more downwards movement to complete a small second wave correction. Price did move lower to complete the correction, but it moved higher first. Downwards movement is finding strong support at the lower edge of the parallel channel as expected.Summary: Upwards momentum should increase. The short term target at 1,297 may be met within about four […]

6th January, 2014 – GOLD Elliott Wave Technical Analysis by Lara …

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 […]