elliott waves weekly analysis for xauusd, gold 13.04.2013

Previous alternative scenario was invalidated by breaching the 1526$/oz. level.
Previous base scenario becomes alternative (green count), though it is still valid and therefore worth attention.

Through friday`s events base scenario has been extended and currently the count shows that we`re in a purple wave (iii) of corrective C wave.  First signs of invalidation and trend reversal will occur at about 1300 $/oz.

PRZ are around 1448 for alternative scenario (green) and 1396 $/oz. for base scenario (red).

daily elliott waves gold xauusd 9 april 2013

weekly elliott waves gold xauusd analysis 8.04.2013

basic scenario - finishing 5:5:5 expected.
alternative scenario - small wave 1 in progress (confirmation around 1615).

weekly elliott waves xauusd gold 23.03.2013

short term sentiment: bearish based on wave 5 to the downside (invalidation around 1636 $/oz.)
long term sentiment: bullish finishing C or alt. scenario corrective wave 2 (alt. scenario invalidation below last year min).

daily elliott waves xauusd gold 21 march 2013

daily elliott waves xauusd gold 19 march 2013

daily elliott waves gold xauusd 18 march 2013