Elliott Wave 1–5 Structure | Wave 3 Confirmation & Short SetupGold vs US DollarCFI:XAUUSDBahaaeldmElliott Wave Update The Elliott Wave structure (1–2–3–4–5) has been identified. Wave 1 and Wave 2 have been completed perfectly. We are currently waiting for Wave 3 to fully complete. Confirmation for Wave 3 completion requires a daily close below $4,710. Trade Idea-Short Position A short position may be considered only after confirmation. Primary Target (TP1): $4,685 (Daily Low) Secondary Target (TP2): $4,686 (Weekly Low) Risk Management Tips Never risk more than you can afford to lose. Always use a stop-loss to protect your capital in case the market reverses. Avoid over-leveraging—while leverage can increase profits, it significantly increases risk. Only take trades that align with your strategy; do not chase the market. Stay disciplined and stick to your trading plan, even during emotional market conditions ⚠️Disclaimer This content is not financial advice. Trading involves significant risk—manage your exposure carefully and trade responsibly. Happy Trading! 📈