Elliott Wave Outlook: Gold (Xauusd) Rally Rejected, Downside Potential Remains

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The short‑term Elliott Wave outlook in Gold (XAUUSD) indicates that the rally to $4204 marked the completion of wave ((B)), after which the metal turned lower in wave ((C)). The internal subdivision of wave ((C)) is unfolding as a five‑wave structure. Within this sequence, wave (1) ended at $3983.2. The subsequent rally in wave (2) […]The post Elliott Wave Outlook: Gold (Xauusd) Rally Rejected, Downside Potential Remains appeared first on ActionForex.