The Elliott Wave analysis for gold is bullish on the recent move above $1800. This price movement suggests the crash low on August 8 was a 'C' wave. A new wave higher has begun that will most likely terminate above $1920.
So far, gold is building a nice impulsive wave. Prices may scoot straight up to $1920 OR pause first around $1840 before extending its run to above $1920.
Either way, the Aug 8 low is likely to hold and any corrections are planned to be partial retracements.
So far, gold is building a nice impulsive wave. Prices may scoot straight up to $1920 OR pause first around $1840 before extending its run to above $1920.
Either way, the Aug 8 low is likely to hold and any corrections are planned to be partial retracements.
Test your Elliott Wave readiness.
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Test your Elliott Wave readiness.
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.