Gold prices touched 1183. Now what?

Gold touched the important support level of 1180 for the third time in the last 16 months. How long can traders and investors expect it to hold the bears’ strength? In our previous analysis of gold prices, called “Price of Gold below 1200 next week?” and published on 27th September, we stated, that a decline below the…

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Price of Gold below 1200 next week?

It was August 9th, when we showed you the following chart of the price of gold, saying that according to our primary scenario, wave (3)/C to the downside should begin soon. As visible, we were expecting an expanding flat correction in (2)/B before the downtrend resumes. Yesterday, September 26th 2014, gold closed at slightly above 1218,…

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The Silver Surfer must be pleased

It is a metaphor, of course. We are not talking about the comic character, surfing throughout the universe at the speed of light. Unless he is also a trader, who shorted silver in the middle of July. “We should not be surprised by prices around 16.00… maybe even lower.” This is the last sentence of…

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Palladium, bears need to rest

Palladium rose to 912 on 1st September, but was unable to keep the bullish momentum and is currently trading close to 830. We are interested not only in the decline itself, but in its wave structure as well, because it can give us a hint of what to expect from now on. The Elliott Wave…

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Gold may postpone the decline, if…

In previous analyses we have shown you, that we were highly bearish about gold. However, in the Market nothing is static, everything is changing so we have to be flexible. Every trader has to be able to adapt to new market conditions. Here we will show you an alternative scenario of gold, which will come…

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Gold prices, next stop – 1100

On 3rd July we told you that 1100 is visible in the long term for gold prices. It was because of a triangle pattern, which was supposed to be broken to the downside. Now, two months later, 1100 does not seem to be such a distant perspective anymore, since the triangle has already been broken, as…

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Prepare for lower gold prices… probably

Those of you, who have walked through our Education section, may have seen an article, called “Expanding flat and how to avoid its traps”. The expanding flat is a very frequent type of corrective pattern and it is not very difficult to spot. It seems that gold prices are forming it right know. It looks…

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Gold with three bearish alternatives

In our previous article about gold we showed you two alternative counts – one bearish and one bullish. Shortly after that, gold broke under 1292, thus eliminating the bullish one. However, this breakout turned out to be a fake one, because gold recovered by more than 20$ from 1287 to 1308 so far. If we examine…

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Gold traders, do not underestimate this!

Not so long ago, on July 15th, we showed you the chart you are going to see below, saying that we have to expect more weakness from gold. We still prefer going with this count, since it is the most obvious one. However, there is another very tricky scenario. We do not fancy it, but…

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Gold rose yesterday, the plane crash or Elliott?

First of all, before starting the analytical part of this article, we at EWM Interactive, would like to express our condolences to all relatives and friends of the 295 people, who found their death in this terrible tragedy. Can you predict the news of tomorrow?  Well, we cannot either. On July 15th we showed you…

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We warned you about silver, remember?

Four days ago, on July 12th, we showed you an article about silver called “One last breath for silver”. In this piece of material we warned you that the metal is in the last stage of its bull-trend and a reversal to the south is likely. In order to make this forecast, we used the following chart. During…

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Gold sticks to plan, no news needed

Six days ago, on July 9th, we published an article about gold, where we were expecting one last wave to the upside, followed by a reversal to the south. This forecast was based on the chart below. There have been plenty of news and events, which many fundamental analysts used, in order to explain gold’s price…

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One last breath for silver

Gold and silver often correlate with each other, but not always.  We already showed what we think about the yellow metal. Recommended reading: Gold to finish a 1-year-lasting pattern So now is the time to examine its cousin – silver. In the beginning of June 2014 silver bottomed around 18.60 and has been in a…

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Gold to finish a 1-year-lasting pattern

Gold has been trading in a range recently, moving sideways between 1306 and 1333. When we happen to see this type of hesitation, there is one particular pattern, which comes into mind – the triangle. Triangles precede the final movement of the larger sequence. Let’s see how it fits into our wave count this time.It seems…

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Gold, 1100 visible in the long term

Gold has been trading in a range between 1178 and 1430 since mid-June 2013, without being able to make a new low or a new high. Fortunately there is one Elliott Wave pattern fitting the description of “no new lows or highs”. It is called triangle. Triangles are sideways corrective patterns, which consist of five waves,…

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