GOLD: 22 AUG, 2024 | Bullish Setup
© Master of Elliott Waves: Hua (Shane) Cuong, CEWA-M.
Wave (4)-orange is developing into a Triangle and will extend for a while longer, then end and wave (5)-orange may turn back to push higher.
While price must hold the low of 2,485.52 to maintain the view that this is a triangle. Conversely, Pushing above the high of 2,519.11 is a sign that wave (5)-orange is opening to Push higher.
Wave (4)-orange is developing into a Triangle and will extend for a while longer, then end and wave (5)-orange may turn back to push higher.
While price must hold the low of 2,485.52 to maintain the view that this is a triangle. Conversely, Pushing above the high of 2,519.11 is a sign that wave (5)-orange is opening to Push higher.
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