$XAUt Approaches Major Resistance — Can Gold Reach $4,223 Before the Weekend? Gold has started to rise from the Support Zone($4,122-$4,067) with strong bullish momentum and is now approaching the Resistance Zone($4,246-$4,219) and the upper trendline of the Descending Channel. Technical Analysis On the 15-minute time frame, Elliott Wave suggests gold is developing a Double Three Correction(W-X-Y), with Wave Y approaching completion. I expect gold to continue higher from the Potential Reversal Zone(PRZ)[$4,168-$4,144] toward $4,205 and then $4,223. Stop Loss(SL): $4,142 Key Trading Level: $4,157 With the weekend approaching, Middle East geopolitical developments could create additional volatility when markets reopen. Which level will gold reach first: $4,223 or $4,142? #Gold