$Gold Monthly

Our monthly gold chart puts the correction into perspective, where the retest of the breakout is complete. The irony is that the same analysis works regardless of linear scale or log scale.

The Elliot Wave count is meant to conform with ShareLynx eWave count. You see how significantly the gold price has lagged this outlook.

Another gold forecast that I have followed at length is Dax in Gold, which has a very close approximation of gold prices to date, based on a different model.

supersize:

http://www.flickr.com/photos/11747277@N07/8332182882/sizes/l/in/photostream/

http://scharts.co/RDCrMb

-F6