GOLD Elliott Wave Analysis: Rally Into Resistance Zone

Gold is recovering from 1277 low but still showing a corrective personality because of an overlapping price action. Therefore we think that rally from the low is temporary; ideally it’s wave (b) that is part of a larger downtrend. We see price now moving into 1320-1342 reversal zone from where a new sell-off may occur. A decline in impulsive fashion will confirm a downtrend continuation for this

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GOLD May Face Resistance: Elliott Wave Analysis

Gold has extended it's gains well above 1300 mark in the last few weeks from 1251, triangle low. Notice that we have adjusted the wave count but actually

GOLD Elliott Wave Analysis: Faces Resistance Around 1330

Gold broke above 1300 mark, making an extended leg from 1251, triangle low. Notice that we have adjusted the wave count but actually massage is the same; we

Technical forecast for Spot Gold

Spot Gold rocketed through all resistance to gain almost $80 in a day & reach 1365. This happens to be 50% Fibonacci resistance so only a break above

Technical forecast for Spot Gold

Spot Gold tested resistance at 1335/37 to take profit as expected & saw a high for the day as predicted. Prices then sold off to retest of 1307/05

Technical forecast for Spot Gold

Spot Gold continued lower to target Fibonacci support at 1307. Here we exited shorts & tried longs with stops below 1300. This trade worked perfectly as we bottomed

Technical forecast for Copper

Copper is stuck in a range. Trend line resistance at 3.300/040 did hold the topside as predicted & should do so again today. However above here look for

Technical forecast for Silver

Silver did head lower to the 23.50/47 target & bounced back to 23.80 initially, but we have now broken lower & look likely to retest last week’s low

Technical forecast for Spot Gold

Spot Gold hit our buying opportunity at 1374/72 over night & bottomed exactly here. This trade worked perfectly as we shot higher to 1398. We then dipped back

Technical forecast for Spot Gold

Spot Gold hit the next target & support at 1396/94 for a buying opportunity & a low for the day with stops below 1389. This trade worked perfectly