👨‍🏫 Tutorial XAU/USD H4 Analysis (June 30)

[BlackRider070899]

Current Outlook (H4)​

Based on my Elliott Wave count:

• We are currently approaching a possible Wave 5 completion.
• There is a strong demand/support zone around 3860–3800 where price may react.
• If buyers step in, Gold could make a corrective move toward the following resistance levels:

Possible Targets:

• 3946
• 3998
• 4041

However, as long as the overall market structure remains bearish, I am expecting this rally to be just a corrective Wave (4) before another sell-off.

Bigger Picture​

After the corrective bounce, I'm still looking for another bearish leg that could push Gold toward the 3690 area to complete the larger Wave V.

Trade Idea​

Wait for confirmation before entering.
Don't blindly buy just because of this chart.
Always manage your risk and use proper stop loss.

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Chart: (attach the image below)