Dear Friends,

Let’s take a closer look and trade accordingly.

From the chart, we are witnessing a promising setup as the price has successfully broken out of the consolidation phase, reaching the $2726 level.

Theoretically, based on Elliott Wave Theory, the pair is currently moving within Wave 4, a corrective wave following the completion of Wave 3, which closed below the $2722 level.

What’s next? The price is likely to test a key liquidity zone, building momentum for a strong Wave 5, targeting $2758—a compelling and significant resistance level.

Good luck, and may you achieve abundant profit:)
ForexGoldHarmonic PatternsTechnical IndicatorsintradaytradelongsetupoptionsstrategiessignalsTechnical AnalysisTrend AnalysisXAUUSD

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