© Master of Elliott Wave Analysis: Shane Hua (CEWA-M)
The outlook analysis suggests that Gold may continue to push higher, but there's a limitation on the upside potential due to the fifth wave. The target could be aimed at $2295 - $2327, and as long as the price stays above $2240, it's a positive sign for this bullish view.
Any contrary forecasts against my main trend aren't necessarily against the primary trend, but rather an indication that something might be amiss, suggesting that we should tighten our risk management to preserve profits :)
The outlook analysis suggests that Gold may continue to push higher, but there's a limitation on the upside potential due to the fifth wave. The target could be aimed at $2295 - $2327, and as long as the price stays above $2240, it's a positive sign for this bullish view.
Any contrary forecasts against my main trend aren't necessarily against the primary trend, but rather an indication that something might be amiss, suggesting that we should tighten our risk management to preserve profits :)
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