Gold Price Analysis: Key Levels and Elliott Wave Insights (XAU/USD)

Welcome to our latest technical analysis on Gold Spot (XAU/USD)! In this video, we dive into the current price action of gold using Fibonacci retracement levels, supply zones, and Elliott Wave theory to predict potential movements.

Key Highlights:

Fibonacci Levels: Learn about crucial Fibonacci retracement levels that could act as support and resistance points.
0.23 at 2,438.32
0.382 at 2,424.77
0.5 at 2,414.26
0.618 at 2,403.74
0.786 at 2,388.77
0.885 at 2,379.94
1 at 2,369.70
1.118 at 2,359.18
1.427 at 2,331.64
Supply Zone: Identify the supply zone where sellers might be active, potentially causing a price reversal.
Change of Character (CHoCH): Understand the significance of the CHoCH annotation and what it means for market trends.
Elliott Wave Analysis: Follow the projected Elliott Wave sequence and see how it might impact future price movements.
Current Price: Discover the current market price and short-term outlook.
Stay tuned for expert insights and detailed technical analysis to help you navigate the gold market. Don't forget to like, comment, and subscribe for more updates!

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