ELLIOTT WAVE ANALYSIS GOLD: 20 AUG, 2024

© Master of Elliott Waves: Hua (Shane) Cuong, CEWA-M.

Wave 1-grey of wave (5)-orange has just completed, it seems that wave 2-grey is also completed, since from the low of 2,485.52, wave 3-grey is unfolding to push higher.

While price must remain above 2,485.52 to maintain this view. Pushing lower suggests wave 2-grey is extending longer than expected.
Elliott WaveTrend AnalysisWave Analysis

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