Gold: Growth and Crash. Will it sustain above 2350 support?

Dear traders!
Gold prices are fluctuating around $2,368 and continue to remain in a classic bullish pattern. With the ultimate aim of forming as a false crash, that did not lead to a sharp decline as the outlook going forward is positive.

About impact news:
Regarding the outlook: gold depends on US June inflation data, which will affect the Fed's interest rate decision.
Recent economic data shows that the US economy is showing signs of weakness, which could prompt interest rate cuts in the near future.
Powell's statement shows the possibility that keeping interest rates high for too long could harm US economic growth.

Technically: The chart shows that gold is in wave (4) and preparing to enter wave (5) in the bullish cycle, with the next target possibly up to 2,422 USD. This reaction, I personally appreciate, will have a strong impact on gold's movement from price channel resistance with the prospect of turning down according to the Elliott ABC wave cycle with the aim of retesting the strong support level. between EMA 34 and EMA 89 converge.

（Source from: TV-MCK-TradingFX）