$XAUt Tests Major Support — Can Gold Start Wave C Higher? Gold is currently trading near a major Support Zone and is attempting to break above the key $4,288 trading level. The reaction from this area could determine whether buyers are ready to regain short-term control. Technical Analysis From an Elliott Wave perspective, gold appears to be developing a Zigzag Correction(A-B-C). Wave B appears to have been completed, suggesting that an impulsive Wave C to the upside could now begin. I expect gold to move higher toward $4,306. If bullish momentum strengthens, the move could extend toward $4,316 and potentially the nearby Resistance Zone. First Take Profit(TP): $4,306 Second Take Profit(TP): $4,316 Stop Loss(SL): $4,250 Can gold hold the Support Zone and start the next impulsive Wave C? #Gold