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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 May Test 1303-1296 Before Turning Up: Elliott Wave Forecast  0 comments
    May 6, 2014 6:07 AM | about stocks: GOLD

    OLD is in corrective set-back it seems as noted yesterday after five wave rally from 1273 swing low. A contra-trend move should unfold in three legs before we may turn directly bullish again. At the moment we see wave (NYSE:B) so watch for another push down that will be wave (NYSE:C). Note that when corrections occur you will usually see a retracement back to the area of the former wave four, so 1296-1303 can be tested before turning up.
    GOLD 1h Elliott Wave Analysis

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    Stocks: GOLD
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