GOLD: 8 May, 2024
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M
The broader context suggests that wave (iv)-purple may have bottomed out at 2285.2, allowing wave (v)-purple to unfold upwards.
The short-term outlook suggests that wave ((1))-red recently reached a peak, and wave ((2))-red is unfolding to push lower. Subsequently, wave ((3))-red will return to begin its upward process. Specifically, pushing above the level of 234.19 would confirm this view.
Invalidation point: 2285.2
The broader context suggests that wave (iv)-purple may have bottomed out at 2285.2, allowing wave (v)-purple to unfold upwards.
The short-term outlook suggests that wave ((1))-red recently reached a peak, and wave ((2))-red is unfolding to push lower. Subsequently, wave ((3))-red will return to begin its upward process. Specifically, pushing above the level of 234.19 would confirm this view.
Invalidation point: 2285.2
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