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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 Elliott Wave Analysis: Corrective Rally In Progress  0 comments
    Apr 7, 2014 9:44 AM | about stocks: GOLD

    Gold fell to new low last week after a minor triangle placed in wave four. We know that triangles occur prior the final leg within a larger pattern. As such, latest move down was fifth wave, final leg within wave (a) that sent prices up at the end of the week. Ideally we we will see a three wave rally now up in wave (b), back to 1320/1342 reversal zone. For now, price is still in wave a) of (b), but we need three legs up, so be aware of more sideways and even upward price action before we may turn bearish again.

    GOLD 4h Elliott Wave Analysis

    Written by www.ew-forecast.com | Try Our Services 1 Month @ 1€ >> http://www.ew-forecast.com/service

    Stocks: GOLD
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