Master of Elliott Wave Analysis: Shane Hua (CEWA-M)
Bottom line: Gold may continue to rise further.
Gold continues its upward trajectory with wave ((3))-red reaching higher highs, while maintaining prices above the low of 2159 is a significant advantage. The only weakness is that wave ((3))-red appears to be nearing completion. I am open to the perspective that wave ((4))-red is ready to correct lower before wave ((5))-red resumes its upward momentum.
Bottom line: Gold may continue to rise further.
Gold continues its upward trajectory with wave ((3))-red reaching higher highs, while maintaining prices above the low of 2159 is a significant advantage. The only weakness is that wave ((3))-red appears to be nearing completion. I am open to the perspective that wave ((4))-red is ready to correct lower before wave ((5))-red resumes its upward momentum.