Gold Elliott Wave Analysis on the 15-minute chart shows wave 4 consolidation completing. Expecting pullback to key Fibonacci levels before continuation of the bearish move.
Target: Break below trend line confirms Gold Elliott Wave Analysis bearish continuation lower.
Key Levels:
XAUUSD (CFD – 15M):
- 0.618 Fib: 4320.61
- 0.5 Fib: 4311.35
- Support: 4,290.71
MGC Futures (15M):
- 0.618 Fib: 4,351.0
- 0.5 Fib: 4,340.0
- Support: 4,320.0
Pullback to Fib levels provides short entry. Trend line break confirms bearish continuation.
📊 #ElliottWave #Gold #Intraday #Bearish
MGC Futures (15M)
XAUUSD (CFD – 15M)
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