Gold FuturesLong
GOLD (FUTURES): 28 APR, 2024
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M
The broader context suggests that the iv-purple wave may have concluded, and the v-purple wave may be ready to push higher.
In the short term, the outlook indicates that the iv-purple wave unfolded as a Flat correction and has ended. The v-purple wave may now be unfolding to push higher. In the short term, the ((2))-red wave may push slightly lower before the ((3))-red wave truly returns.
Invalidation point: 2304.6
The broader context suggests that the iv-purple wave may have concluded, and the v-purple wave may be ready to push higher.
In the short term, the outlook indicates that the iv-purple wave unfolded as a Flat correction and has ended. The v-purple wave may now be unfolding to push higher. In the short term, the ((2))-red wave may push slightly lower before the ((3))-red wave truly returns.
Invalidation point: 2304.6
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