Symmetrical Triangle Breakout/Gold Targets for PRZGoldOANDA:XAUUSDpejman_zwinRecently, Gold(XAUUSD) experienced a significant pump following the U.S. interest rate cut announcement, as expected by the market. With the opening of the U.S. markets, gold seems to have found its path again. Following the recent interest rate announcement and Jerome Powell’s comments, gold has re-established its bullish trend by breaking the upper line of the symmetrical triangle. From an Elliott Wave perspective, it appears that gold has completed wave 4. Given that wave 4 may have taken the form of a symmetrical triangle, this aligns well with Elliott guidelines. The big question is whether gold can achieve new all-time highs. I expect that after a potential pullback to the symmetrical triangle’s upper line, gold will resume its upward movement toward the Potential Reversal Zone(PRZ). If the bullish momentum persists, we could see gold setting new all-time highs in the coming days. However, given the proximity to these highs, taking long positions could be riskier. Still, short-term timeframes may offer opportunities to capitalize on gold’s bullish trend. What do you think? Will gold reach new all-time highs, or should we brace for a correction? Target: Potential Reversal Zone(PRZ) Stop Loss(SL): $4,215(Worst) Points may shift as the market evolves 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌 Gold Analyze (XAUUSD), 4-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.