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XAU/USD: Wave 3 in Progress – Targeting $3,330!
📈🔥 #Gold #XAUUSD #ElliottWave #WaveAnalysis #TechnicalAnalysis
Gold is accelerating within Wave 3 of the Elliott Wave structure:
🔹 4H – In Wave 5 continuation
🔹 1H – Strong breakout into Wave 3
🔹 15M – Subwave 3.3.3.3 unfolding
🔹 1M – Final pullback of micro Wave 2 nearly complete
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📊 Trend Confirmation Tools:
✅ AO turning green
✅ EMA Ribbon expanding
✅ DXY & US10Y remain neutral to supportive for further upside
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🛠️ Trade Plan:
🔹 Entry Zone (Buy): $3,302 – $3,306
🎯 Take Profit (TP): $3,330
🛡️ Stop Loss (SL): $3,296
⏳ Estimated Time-to-TP: 3–5 hours
📦 Lot Size (Based on $12,000 portfolio, 2% risk): 0.24 lot
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Strategy:
Wait for confirmation of Wave 2 end in 1M–5M timeframes
Enter Long on bullish candle with AO turning green + EMA support
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#GoldAnalysis #XAUUSD #Wave3 #ForexTrading #TechnicalSetup #SmartMoneyConcepts #AO #EMARibbon #LongGold #GoldForecast #TradingViewIdeas
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.