GOLD: 26 APR, 2024
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M.
The broader context suggests that gold has likely completed the iv-blue wave, and the v-blue wave is now unfolding to continue pushing higher.
The short-term outlook describes in detail the iv-blue wave, which unfolded in the form of a Flat correction and appears to have concluded. Now is the time for the v-blue wave to carry out its task, continuing to push higher, while maintaining prices above the significant support level of 2322, which is a significant advantage for this perspective.
Invalidation point: 2305
The broader context suggests that gold has likely completed the iv-blue wave, and the v-blue wave is now unfolding to continue pushing higher.
The short-term outlook describes in detail the iv-blue wave, which unfolded in the form of a Flat correction and appears to have concluded. Now is the time for the v-blue wave to carry out its task, continuing to push higher, while maintaining prices above the significant support level of 2322, which is a significant advantage for this perspective.
Invalidation point: 2305
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