$XAUt Holds Support — Can Gold Extend the Recovery Above $4,200? Gold is currently trading near the Support Zone($4,138-$4,092) and has successfully broken above the key $4,157 trading level. Technical Analysis From an Elliott Wave perspective, gold appears to be completing Primary Wave 4, which could still develop with another bullish move. A Positive Regular Divergence(RD+) is also visible between Consecutive Major Valleys on both the 1-hour and 4-hour time frames, suggesting that bearish momentum may be weakening. I expect gold to continue higher toward $4,196. After a potential correction, another attempt toward $4,217, the Resistance Zone($4,246-$4,220), and potentially the upper trendline of the Descending Channel could develop. Stop Loss(SL): $4,111(Worst) Which level will gold reach first: $4,217 or $4,111? #Gold