The flag pattern may continue, and the target calculated remains the same. Price remains below the invalidation point on the daily Elliott wave chart.
Price remains below the short-term invalidation point. Both short-term Elliott wave counts remain valid.
A flag pattern is identified for Gold. A target is calculated using the flag pole.
A little upwards movement remains below the invalidation point. A new short-term Elliott wave count is considered.
A target for the bounce to end was at 15.70. Price did continue higher for the week, but only to 15.517.
Price remains below the invalidation point and the channel on the daily chart. The Elliott wave count remains the same.
A new high above 57.88 indicated the bounce was not over. The target remains the same.
Downwards movement was expected for Gold, which is exactly what has happened today. The Elliott wave count remains the same and the target remains the same.
A little more upwards movement to a preferred target at 1,306.69 was expected for the short term. The high for the session was at 1,310.99, $4.30 above the target. The Elliott wave count remains the same.
Price is moving sideways. The Elliott wave counts remain unchanged.