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Gold Could Hit New All-Time Highs In 2013 – Elliott

Gold prices remain in an uptrend after breaking through the resistance line (in red) connected from the all-time highs. This break looks very similar to the one that occurred in 2009 when gold was trading around $900 per ounce.

In fact, from an Elliott Wave perspective, recent sideways price action from August 2011 high was slow, choppy and overlapping, so we believe it represents wave IV that puts wave V in play for 2013.

Gold Elliott Wave Analysis 2013
Gold Elliott Wave Analysis 2013 – Click image to enlarge

 

For more details on gold technical outlook please review our video below, recorded on Dec 21st

VIDEO: AUDUSD, USDCAD and GOLD

 

It seems that 2013 will be very exciting year with a lot of opportunities lying ahead. If you want to join this adventure then now it’s right opportunity for you to test our services now.

 

Gregor Horvat

Gregor Horvat

Grega Horvat Grega is based in Slovenia and has been involved in markets since 2003. He is the owner of Ew-Forecast, but before that he was working for Capital Forex Group and TheLFB.com. His feature articles have been published on FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu, Insidefutures.com, etc. He recently won the award on FXStreet.com for Best Forex Analysis in 2016. At Ew-forecast he helps clients and educates them about the Elliott wave principle and how to label and track unfolding patterns in real time. His approach to the markets is mainly technical. He uses a lot of different methods when analyzing the markets such as candlestick patterns, MA, technical indicators etc. His specialty, however, is Elliott Wave Theory which could be very helpful especially if you know how to use it in combination with other tools/indicators. EW-Forecast To be involved in the market effectively, you need the right guidance and resources, and our team can help you to achieve that. Our team is providing advanced informations about Elliott Wave theory in real time. The Elliott Wave Principle gives you a method for identifying the behavior of the markets and at what points the market is most likely to turn. We help new traders who are interested in Elliott Wave theory to understand it correctly. We are doing our best to explain our views as simple as possible with educational goal, because knowledge itself is power!