CFD Oro (US$/OZ)Long
GOLD ELLIOTT WAVE ANALYSIS: 24 NOV, 2024
©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M.
Wave count changed to maximize probability. Wave 3-grey has ended, and wave 4-grey is still unfolding, there is little data to suggest it has ended, I think it may still be developing. More specifically wave 4-grey is developing as a Flat, its wave ((a))-navy has completed, and its wave ((b))-navy is pushing higher, it could reach 2.765 (Wave ((b)) retraces 90% of wave ((a))-navy), or higher, then a push lower with wave ((c))-navy will unfold.
Alternative wave count: Wave 4-grey has ended, and wave 5-grey will unfold. We also have a pullback with wave ((ii))-navy after that.
Wave count changed to maximize probability. Wave 3-grey has ended, and wave 4-grey is still unfolding, there is little data to suggest it has ended, I think it may still be developing. More specifically wave 4-grey is developing as a Flat, its wave ((a))-navy has completed, and its wave ((b))-navy is pushing higher, it could reach 2.765 (Wave ((b)) retraces 90% of wave ((a))-navy), or higher, then a push lower with wave ((c))-navy will unfold.
Alternative wave count: Wave 4-grey has ended, and wave 5-grey will unfold. We also have a pullback with wave ((ii))-navy after that.
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