Elliott Waves Analysis

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GOLD (XAUUSD) ANALYSIS UPDATE Date: 20/09/24 | Friday Gold has reached another ALL TIME HIGH (ATH) presenting a potential setup. We are currently observing an H1/M30 resistance zone. It's essential to wait for Gold to consolidate and establish a base within this zone to confirm its validity before taking any action. If Gold fails to hold this level and starts to retrace, we can look for opportunities to enter at the H4/H1 support zones for a potential buy. Given that Gold has yet to make a significant retracement, a reversal towards our buy zone remains a possibility. Key Zones to Watch: Sell zone: 2608.50 - 2610.50 Buy zone: 2588.50 - 2586.50 Maintain patience, and let price action confirm these levels before making any moves. Message

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Gold buy now @ 2606.20 - 2602.20 SL : 2598.20 TP1 : 2608.20 TP2 : 2610.20

Gold buy now

Ready signal