GOLD: 6 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.
In the short term, the completion of wave (iv)-purple in an ABC pattern indicates that the upward movement from 2285.2 suggests that wave (iv)-purple may have ended. Pushing above the level of 2339.5 would further clarify this bullish perspective.
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.
In the short term, the completion of wave (iv)-purple in an ABC pattern indicates that the upward movement from 2285.2 suggests that wave (iv)-purple may have ended. Pushing above the level of 2339.5 would further clarify this bullish perspective.
Invalidation point: 2285.2
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