© 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