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Boonie77
2023-04-07

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Gold (XAUUSD) Elliott Wave Bullish Sequence Favors Higher

@Elliottwave_Forecast：

Gold (XAUUSD) Elliott Wave Bullish Sequence Favors Higher April 7, 2023 By EWFHendra Gold (XAUUSD) broke above the previous peak on February 2, 2023 at 1959.74. It shows a bullish sequence from 9.28.2022 low favoring further upside. A 100% – 161.8% Fibonacci extension from 9.28.2022 low targets 2148 – 2360 to the upside. Near term, cycle from 2.28.2023 low is currently in progress as a 5 waves impulse Elliott Wave structure. Up from 2.28.2023 low, wave 1 ended at 1858.33 and dips in wave 2 ended at 1809. The metal extends higher again in wave 3 towards 2009.75. The 1 hour chart below shows pullback in wave 4 ended at 1933.90. Wave 5 higher is now in progress with subdivision as another impulse in lesser degree. Up from 4, wave ((i)) ended at 2003.28 and pullback in wave ((ii)) ended at 1943.70. Up from there, wave (i) ended at 1987.57, wave (ii) ended at 1949.30. Gold then extends higher in wave (iii) towards 2032.13 and dips in wave (iv) is proposed complete at 2000.50. Expect Gold to extend higher in wave (v) to complete wave ((iii)), then it should pullback in wave ((iv)) before the rally resumes. Near term, as far as pivot at 1933.64 low stays intact, expect dips to find support in 3, 7, 11 swing for further upside. XAUUSD 60 Minute Elliott Wave Chart Gold/XAUUSD Elliott Wave Chart Gold (XAUUSD) Elliott Wave Video Source:https://elliottwave-forecast.com/news/gold-xauusd-elliott-wave-bullish-sequence-favors-higher/

Gold (XAUUSD) Elliott Wave Bullish Sequence Favors Higher

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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It shows a bullish sequence from 9.28.2022 low favoring further upside. A 100% – 161.8% Fibonacci extension from 9.28.2022 low targets 2148 – 2360 to the upside. Near term, cycle from 2.28.2023 low is currently in progress as a 5 waves impulse Elliott Wave structure. Up from 2.28.2023 low, wave 1 ended at 1858.33 and dips in wave 2 ended at 1809. The metal extends higher again in wave 3 towards 2009.75. The 1 hour chart below shows pullback in wave 4 ended at 1933.90.</p>\n<p style=\"text-align: justify;\">Wave 5 higher is now in progress with subdivision as another impulse in lesser degree. Up from 4, wave ((i)) ended at 2003.28 and pullback in wave ((ii)) ended at 1943.70. Up from there, wave (i) ended at 1987.57, wave (ii) ended at 1949.30. Gold then extends higher in wave (iii) towards 2032.13 and dips in wave (iv) is proposed complete at 2000.50. Expect Gold to extend higher in wave (v) to complete wave ((iii)), then it should pullback in wave ((iv)) before the rally resumes. Near term, as far as pivot at 1933.64 low stays intact, expect dips to find support in 3, 7, 11 swing for further upside.</p>\n<h2>XAUUSD 60 Minute Elliott Wave Chart</h2>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/5423c9e0e9333b6f23d967f591aecfc1\" tg-width=\"1912\" tg-height=\"981\"><span>Gold/XAUUSD Elliott Wave Chart</span></p>\n<h2>Gold (XAUUSD) Elliott Wave Video</h2>\n<p></p>\n<video poster=\"https://community-static.tradeup.com/news/81ec2a48020be79f305f1969d2f2c565\" tg-width=\"1920\" tg-height=\"1080\" class=\"ql-video\" controls=\"true\" controlslist=\"nodownload\" playsinline=\"true\" webkit-playsinline=\"true\">\n <source src=\"https://1254107296.vod2.myqcloud.com/8a1ed91dvodsgp1254107296/06d80414243791581188914107/eDAJsT2rlagA.mp4\">\n</video>\n<p>Source:https://elliottwave-forecast.com/news/gold-xauusd-elliott-wave-bullish-sequence-favors-higher/</p></body></html>","htmlText":"<html><head></head><body><h2>Gold (XAUUSD) Elliott Wave Bullish Sequence Favors Higher</h2>\n<p>April 7, 2023 By EWFHendra</p>\n<p style=\"text-align: justify;\">Gold (XAUUSD) broke above the previous peak on February 2, 2023 at 1959.74. It shows a bullish sequence from 9.28.2022 low favoring further upside. A 100% – 161.8% Fibonacci extension from 9.28.2022 low targets 2148 – 2360 to the upside. Near term, cycle from 2.28.2023 low is currently in progress as a 5 waves impulse Elliott Wave structure. Up from 2.28.2023 low, wave 1 ended at 1858.33 and dips in wave 2 ended at 1809. The metal extends higher again in wave 3 towards 2009.75. The 1 hour chart below shows pullback in wave 4 ended at 1933.90.</p>\n<p style=\"text-align: justify;\">Wave 5 higher is now in progress with subdivision as another impulse in lesser degree. Up from 4, wave ((i)) ended at 2003.28 and pullback in wave ((ii)) ended at 1943.70. Up from there, wave (i) ended at 1987.57, wave (ii) ended at 1949.30. Gold then extends higher in wave (iii) towards 2032.13 and dips in wave (iv) is proposed complete at 2000.50. Expect Gold to extend higher in wave (v) to complete wave ((iii)), then it should pullback in wave ((iv)) before the rally resumes. Near term, as far as pivot at 1933.64 low stays intact, expect dips to find support in 3, 7, 11 swing for further upside.</p>\n<h2>XAUUSD 60 Minute Elliott Wave Chart</h2>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/5423c9e0e9333b6f23d967f591aecfc1\" tg-width=\"1912\" tg-height=\"981\"><span>Gold/XAUUSD Elliott Wave Chart</span></p>\n<h2>Gold (XAUUSD) Elliott Wave Video</h2>\n<p></p>\n<video poster=\"https://community-static.tradeup.com/news/81ec2a48020be79f305f1969d2f2c565\" tg-width=\"1920\" tg-height=\"1080\" class=\"ql-video\" controls=\"true\" controlslist=\"nodownload\" playsinline=\"true\" webkit-playsinline=\"true\">\n <source src=\"https://1254107296.vod2.myqcloud.com/8a1ed91dvodsgp1254107296/06d80414243791581188914107/eDAJsT2rlagA.mp4\">\n</video>\n<p>Source:https://elliottwave-forecast.com/news/gold-xauusd-elliott-wave-bullish-sequence-favors-higher/</p></body></html>","text":"Gold (XAUUSD) Elliott Wave Bullish Sequence Favors Higher April 7, 2023 By EWFHendra Gold (XAUUSD) broke above the previous peak on February 2, 2023 at 1959.74. 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Near term, as far as pivot at 1933.64 low stays intact, expect dips to find support in 3, 7, 11 swing for further upside. 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