$XAU - Market Analysis for Aug 20th, 2018

With the velocity at which price has risen off of Thursday's low so far in gold, it seems to be arguing more in favor of only getting a the C-wave up in red. Even so, ideally still one more push higher can be seen with 1194 as the target resistance.

XAU A0-FX - Intraday - Aug-20 0803 AM (10 min)
XAU A0-FX - Intraday - Aug-20 0803 AM (10 min)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.