Gold (XAU/USD) Analysis – 30-Minute Chart Using Elliott Waves &

🔹 Overall Trend: The market is in a corrective pullback after a strong bullish wave, currently testing a key Buy Zone.
🔹 Wave Structure: The price is forming a potential Elliott Wave correction, with a possible bullish reversal from the demand zone.
🔹 Technical Analysis:
• Buy Zone: Identified between 2,846 - 2,841, aligning with Fibonacci Naji retracement levels.
• Stop Loss (SL): Placed below 2,832, ensuring protection against further downside movement.
• Take Profit Targets (TP):
• TP1: 2,859
• TP2: 2,872
• TP3: 2,887
• TP4: 2,900

🔹 Expectation: If the Buy Zone holds, a bullish reversal is expected, with price targeting higher resistance levels. Confirmation should come from strong bullish candlestick formations.

📌 Note: Proper risk management is essential for successful trading. Always wait for confirmation before entering a trade.