GOLD: 15 AUG, 2024 | Prepare for Bullish
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M.
Wave (4)-orange seems to have just completed at the low of 2,437.97, it has also achieved the common retracement ratio of 38.20%, this 4th wave is precisely developing as an Expanded Flat.
I guess wave (5)-orange is opening up to push higher, targeting around 2,492.33. While price must remain above the low of 2,437.97 to maintain this view.
Wave (4)-orange seems to have just completed at the low of 2,437.97, it has also achieved the common retracement ratio of 38.20%, this 4th wave is precisely developing as an Expanded Flat.
I guess wave (5)-orange is opening up to push higher, targeting around 2,492.33. While price must remain above the low of 2,437.97 to maintain this view.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.