@Elliottwave_Forecast:Elliott Wave View: Gold (XAUUSD) Still Has Scope for Further DownsideAugust 30, 2022ByEWFLuisShort Term Elliott Wave View in XAUUSD suggests rally to 1765.59 ended wave 2. Wave 3 lower is in progress to complete a cycle from August 10th, 2022 high. Internal subdivision of wave 2 unfolded as adouble three Elliott Wave structure. Up from wave 1, wave (a) ended at 1743.85 and pullback in wave (b) ended at 1730.00. Gold extended higher in wave (c) of ((w)) towards 1754.02. Connector wave ((x)) completed as a zigzag correction at 1741.81. The metal then resumed the rally in wave (a) ended at 1755.92 and pullback in wave (b) finished at 1746.72. Final leg higher wave (c) ended at 1765.59 which ended wave ((y)) of 2.XAUUSD turned lower in wave 3. Internal subdivision in wave ((i)) unfolded a