Futures Oro
Short

GOLD: 23 APR, 2024

130
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M.

(1D) Long-term context suggests that the ((iv))-green wave is currently unfolding to push lower, targeting 2265. After reaching the bottom, the ((v))-green wave is expected to follow, ready to push higher.

(4H) Short-term outlook has seen a significant decline since the recent high. Gold is now poised to continue its downward momentum towards the immediate target range of 2284 - 2258. Maintaining prices below the resistance level of 2355 would support this view.

Invalidation point: 2433

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