Gold has been trading nicely to the downside since mid-April from 1331 where we called a bearish turning point. The market did not move aggressively to the downside, but still managed to take out the 1277 low-our minimum expectations. Based on the very slow and overlapping price action in the last two weeks, we suspect that the market made an ending diagonal in wave (c) that is now showing signs of completion at 1268, so we need to be aware of more upside in days ahead.

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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.
He was working for Capital Forex Group and TheLFB.com. His featured articles have been published in: Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu. He mostly focuses on currencies, gold, oil, and some major US indices.

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