Azzad Jadoon

#Gold Analysis

Mark my words: if these 5 waves complete and after that we get one 1-hour candle closing above 4582 (a full body close, not just a wick), then 4582 will turn into support on the 1-hour timeframe.

Above that, 4610 is already a resistance on the 4-hour timeframe. The market will likely range between these levels.

If two 4-hour candles close above 4610, then nothing will be able to stop gold from going up to 6000… if that happens.

For now, gold is bearish, and this is not a signal—just an analysis...

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