The New CS Board

[dindindon]

08/13/15 Gold

1232.80 05/18/15 swing high
1073.70 07/24/15 swing low

http://www.chartupload.com/images/48673066290000646623.jpg
http://www.investing.com/commodities/gold-historical-data

1111.25 0.2360 support
1125.18 0.3236 ( 1126.30 08/13/15 )
1134.48 0.3820 resistance

On a closing basis, gold price closes above 1125.18 to usher in another bounce into middle September

an inner loop to test the old Fibonacci point 1131.09 (see quote, Lara Iriarte)
1125.18-1134.48
1130.93 0.618

GOLD Elliott Wave Technical Analysis
By: Lara Iriarte | Thu, Jul 2, 2015
http://www.safehaven.com/article/38151/gold-elliott-wave-technical-analysis
Summary: It is increasingly likely that the trend is down. Final confirmation would come with a new low below 1,131.09.

Note: quoted price may show some discrepancy due to different tacking reference and/or revision.