Gold | One More Wave or the Beginning of a Bullish Reversal?
DollarLong15 minutes agoGold | One More Wave or the Beginning of a Bullish Reversal?1Grab this chartGrab this chart1135XAUUSD | 4H Elliott Wave UpdateAccording to the higher-degree wave count, Wave IV is still expected to be in progress. From an Elliott Wave perspective, the current structure may be developing a Leading Diagonal as the final part of Wave A. However, additional price action is still required before the pattern can be considered complete.In the aggressive scenario, if Waves 1, 3, and 5 of the diagonal are all impulsive, the internal structure should follow the 5-3-5-3-5 formula.
- ▪DollarLong15 minutes agoGold | One More Wave or the Beginning of a Bullish Reversal?1Grab this chartGrab this chart1135XAUUSD | 4H Elliott Wave UpdateAccording to the higher-degree wave count, Wave IV is still expected to be in progress.
- ▪From an Elliott Wave perspective, the current structure may be developing a Leading Diagonal as the final part of Wave A.
- ▪However, additional price action is still required before the pattern can be considered complete.In the aggressive scenario, if Waves 1, 3, and 5 of the diagonal are all impulsive, the internal structure should follow the 5-3-5-3-5 formula.
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Gold Spot / U.S. DollarLong15 minutes agoGold | One More Wave or the Beginning of a Bullish Reversal?1Grab this chartGrab this chart1135XAUUSD | 4H Elliott Wave UpdateAccording to the higher-degree wave count, Wave IV is still expected to be in progress. From an Elliott Wave perspective, the current structure may be developing a Leading Diagonal as the final part of Wave A. However, additional price action is still required before the pattern can be considered complete.In the aggressive scenario, if Waves 1, 3, and 5 of the diagonal are all impulsive, the internal structure should follow the 5-3-5-3-5 formula.
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