$XAUt Tests a Major PRZ — Can Gold Reverse From Heavy Support? Gold declined with strong bearish momentum following the Federal Funds Rate decision and remarks from Kevin Warsh, but price has now reached the Heavy Support Zone, Support Lines, and the major Potential Reversal Zone(PRZ)[$4,226-$4,195]. Technical Analysis From an Elliott Wave perspective, the decline over the past 13 days appears corrective. Gold has also formed a Descending Broadening Wedge Pattern, while a Positive Regular Divergence(RD+) is visible between two Major Consecutive Valley Pivots. I expect gold to start moving higher from the PRZ and Support Lines toward $4,317. If bullish momentum increases and price breaks above the Resistance Lines, the recovery could extend toward $4,391. Stop Loss(SL): $4,170 Can gold hold this support structure and start the next bullish recovery? #Gold