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We are providing technical analyzes for the financial markets and how they behave based on the Elliott Wave Principle. The Elliott Wave Principle gives you a method for identifying at what points a market is most likely to turn. And that, in turn, gives you guidance as to where you might enter... More
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  • GOLD: Downtrend Continuation 0 comments
    Jun 10, 2013 8:59 AM

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    June 10 2013

    Sharp reversal from 1423 through the lower side of a corrective channel suggests that rally from 1337 is complete and that market is headed lower. As such, we expect further weakness on gold, ideally close to 1340 in this week with impulsive personality. Trend is bearish below 1423 is critical level.

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    Disclosure: I am short GLD.

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