👨‍🏫 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.

"The market will always do what it wants. We only follow probability, not certainty."

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Feedback and discussions are welcome. Happy trading!

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Chart: (attach the image below)

 

[PHC_Ghost]

Sa $TAO bossing ano insight nyo?