Gold Enters a Key PRZ — Is the Next Impulsive Wave Starting?
$XAU is currently trading near the important $4,370 level and inside the Potential Reversal Zone (PRZ) at $4,364–$4,400.
This area could become the starting point for the next meaningful directional move.
From an Elliott Wave perspective, gold appears positioned to begin its next Impulsive Wave from the PRZ.
As long as the PRZ holds, I expect gold to potentially start another bullish move toward $4,441.
If bullish momentum strengthens, the recovery could extend toward $4,461 and the key $4,470 trading level, bringing the $4,500 area back into focus.
Trade Setup
First TP: $4,441
Second TP: $4,461
Stop Loss: $4,360
Key Levels: $4,370 | $4,400 | $4,470
Which level will gold reach first?
🟢 $4,461
🔴 $4,360
#GOLD
$XAU is currently trading near the important $4,370 level and inside the Potential Reversal Zone (PRZ) at $4,364–$4,400.
This area could become the starting point for the next meaningful directional move.
From an Elliott Wave perspective, gold appears positioned to begin its next Impulsive Wave from the PRZ.
As long as the PRZ holds, I expect gold to potentially start another bullish move toward $4,441.
If bullish momentum strengthens, the recovery could extend toward $4,461 and the key $4,470 trading level, bringing the $4,500 area back into focus.
Trade Setup
First TP: $4,441
Second TP: $4,461
Stop Loss: $4,360
Key Levels: $4,370 | $4,400 | $4,470
Which level will gold reach first?
🟢 $4,461
🔴 $4,360
#GOLD
