<b>Gold Price</b> Faces Complex Recovery :: The Market Oracle <b>...</b> |
<b>Gold Price</b> Faces Complex Recovery :: The Market Oracle <b>...</b> Posted: 30 Jan 2014 11:51 AM PST Commodities / Gold and Silver 2014 Jan 30, 2014 - 08:51 PM GMT On gold we are tracking an incomplete complex corrective recovery from 1181 which can be a double zigzag. If that is the case then gold should make another higher, in 1280-1300 to complete a second zigzag. Only a break of 1230 will suggest that top is already in place. In such case we will turn directly bearish on gold for possible move back to 1181. GOLD 4h Elliott Wave Analysis Written by www.ew-forecast.com | Try our 7 Days Free Trial Here Ew-forecast.com is providing advanced technical analysis for the financial markets (Forex, Gold, Oil & S&P) with method called Elliott Wave Principle. We help traders who are interested in Elliott Wave theory to understand it correctly. We are doing our best to explain our view and bias as simple as possible with educational goal, because knowledge itself is power. Gregor is based in Slovenia and has been in Forex market since 2003. His approach to the markets is mainly technical. He uses a lot of different methods when analyzing the markets; from candlestick patterns, MA, technical indicators etc. His specialty however is Elliott Wave Theory which could be very helpful to traders. © 2013 Copyright Gregor Horvat - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors. © 2005-2014 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication. |
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