GOLD: 30 APR, 2024
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M.
The latest forecast for Gold to fall lower with wave ((2))-red has taken place 🎯. Here is the latest update:
The broader context suggests that the iv-purple wave may have concluded, and the v-purple wave may be ready to push higher.
The short-term outlook suggests that the ((1))-red wave has just completed, and the ((2))-red wave is unfolding to push lower. It looks quite sharp, so to confirm an upward trend, the price needs to be higher than $2358.9. If not, it's best to observe.
Invalidation point: 2304.6
The latest forecast for Gold to fall lower with wave ((2))-red has taken place 🎯. Here is the latest update:
The broader context suggests that the iv-purple wave may have concluded, and the v-purple wave may be ready to push higher.
The short-term outlook suggests that the ((1))-red wave has just completed, and the ((2))-red wave is unfolding to push lower. It looks quite sharp, so to confirm an upward trend, the price needs to be higher than $2358.9. If not, it's best to observe.
Invalidation point: 2304.6
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.