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🚀 XAUUSD: High Tide – Wave 5 Incoming! 🌊📈Gold (XAUUSD) has completed Elliott Wave 4 and is now advancing toward Wave 5 in a strong bullish setup. Key signals confirm this move:✅ Reverse Wedge Formation – Breakout expected as price action aligns with wave theory.✅ Alligator Indicator – The "mouth" has opened wide, signaling momentum toward Wave 5.✅ Bullish Pressure – High tide volume confirms buyers are in control.🎯 Key Resistance Levels: [Add your targets]📉 Support to Watch: [Add key support zones]Expecting a strong rally as gold moves in sync with Elliott Wave theory. Let’s ride the trend! 🚀📊 Do you agree? Drop your thoughts below! 👇👇#XAUUSD #Gold #ElliottWave #Forex #TradingView

Double Wedge Squeeze:This pattern forms when the price of an asset is consolidating within two converging trendlines (one ascending and one descending).It suggests that volatility is compressing, and a significant move (breakout or breakdown) is likely once the price exits the wedge.Key Levels:121K: If the price breaks above 121K, it would signal a bullish breakout, potentially leading to a continuation of the upward trend.60K: If the price breaks below 60K, it would indicate a bearish breakdown, potentially forming an M pattern (double top), which is a reversal pattern signaling a potential downtrend.M Pattern (Double Top):If the price breaks below 60K, it confirms the M pattern, which typically indicates a reversal from an uptrend to a downtrend.The target for the downside move could be estimated by measuring the height of the pattern and projecting it downward from the breakdown point.