Elliott Wave View: Gold Extends Higher in Impulsive Move

FX:XAUUSD   Gold Spot / U.S. Dollar
Short Term Elliott wave view in Gold suggests that the decline to $1381.42 low on July 1 ended wave (4). Above from there, the yellow metal is rallying higher as an impulse Elliott Wave structure looking for more upside within wave (5). Up from July 1 low, wave ((i)) ended at 1396.35 and wave ((ii)) pullback ended at 1381.9. Wave (( iii )) ended at 1436 and wave ((iv)) pullback at 1423 low. Up from there it ended wave ((v)) of 1 at 1437 peak. Below from there wave 2 is proposed to be completed at 1412 low.

We dont like selling it and prefer more upside against 1381.81
14 days free trial --> https://elliottwave-forecast.com/amember/go.php?r=7975&i=l3 and get Accurate & timely Elliott Wave Forecasts of 78 instruments. Webinars, Chat Room, Stocks/Forex/Indices Signals & more.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out