Gold Is Coming Out Of An Elliott Wave Triangle
Sep 10, 2024

XAUUSD(Gold)

Gold remains in strong and impulsive five-wave bullish cycle on a daily chart and there’s space for more upside, we will just have to be aware of a higher degree wave IV correction still this year, possibly in Q4. Why? Because we see a move out of a triangle here in fifth wave of III, so we know thats the final trust within higher degree extensions, meaning there can be limited upside in weeks ahead, ideally around 2600-2700 area.

Gold Is Coming Out Of An Elliott Wave Triangle XAUUSD(Gold) Daily Chart
XAUUSD(Gold) Daily Chart

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