$XAU - Market Analysis for Aug 22nd, 2018

Interesting development in gold, with price successfully holding the blue box as support for wave (4) of 3 and price successfully filling out blue wave (5) of 3 since. If price manages to hold 1189 again on the next pullback as blue wave 4, another high from there as a 5th would be 5 up off last week's low.

XAU A0-FX - Intraday - Aug-22 0655 AM (15 min)
XAU A0-FX - Intraday - Aug-22 0655 AM (15 min)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.