Gold Elliott wave analysis for October 31, 2013
Gold did not manage to break above its previous high and made a double top and reversal confirming our bearish view. Prices initially broke below the 1,353 pivot support and then failed to hold the support levels at 1,346 and 1,338. Prices are heading towards the 1,318 price level, where the 38% Fibonacci retracement is. […]