@slp.charts: 🟡 Gold ($XAUUSD): up or down? 👀 Gold trades at $4,018.3. 📅 Daily chart (1D) Elliott Wave scenario: • Wave Y could be done at the lower edge of the wedge. Now wave X could rise into the 50–61.8% zone. The turn can come inside or before. • Then wave Z could drop much lower. Above $4,917.7 a bigger rise would be possible (green dashed). 📚 Learning: An X-wave is only a bounce between two corrections. After it, the downtrend often continues. Follow for more analysis: 🇬🇧 @slp.charts 🇩🇪 @wellencharts 💬 Comment UP or DOWN. Where do you think Gold goes next? 📊 Charts by TradingView ⚠️ This content is provided for educational and informational purposes only and reflects a personal market analysis based on Elliott Wave Theory. It does not constitute investment advice, financial advice, or a recommendation to buy or sell financial instruments. #slpcharts #gold #xauusd #elliottwave #commodities

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Wednesday 11 November 2026 18:01:21 GMT