Gold – Elliott Wave “C” Begins (US Session Update)

Gold – Elliott Wave “C” Begins (US Session Update)

Gold has reacted perfectly in line with Wave B, clearing the liquidity from yesterday’s H4 bullish candle and then surging strongly. The condition to look further towards Wave C – the final leg in the Elliott structure – is a decisive break above 3352. If confirmed, the long-term bullish outlook strengthens, with the next targets around 337x and potentially 3394.

News of a trade agreement between the EU and the US added strong momentum, helping to complete the corrective Wave B with impressive buying pressure.

For today’s US session, if you are still holding previous buy positions, it is worth keeping them. If not, the 3336–3340 zone provides a reasonable area to consider new long entries, with expectations that Wave C could extend towards 337x.

Always remember to place a tight stop-loss below the 3330 support area to manage risk effectively.

Wishing you success with this scenario – feel free to share your views in the comments below.

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