WAVE 3 is coming $5600Gold vs US DollarPEPPERSTONE:XAUUSDKhanaa_2 weeks ago I have published Elliot Wave Theory on XAU/USD. Thanks to President of the United States of America we have solid break through resistance zone. it had obvious indications that we would have see move up on Monday 2/3/2026 but so-called "military operation in Iran" has accelerated our move up much faster than what I have anticipated. What can we expect now? and What we have already know. 1. We have solid break through of $5220 last Friday, solid move down checking floor level and continuation move up after NY opening. 2. Bears already left the gold market. This is particularly important to new traders. DO NOT TRADE AGAINST THE TREND. I have learned this lesson hard way, so do be the hero, and liquidation of the market makers. 3. War resolutions is highly influential to the gold's price. 4. I expect wave 4 pull down but question is how shallow, this pull back won't even be noticed unless we break ONH because wave 4 is highly unpredictable and I hate to trade on this wave. Common question: -Will gold go down? Yes, only if conflict stops but when? nobody knows -So continues move up? yes until we break ATH, then we would like to see some pull back but then that pull back would be as well wave 4 pullback which is unpredictable. Link is here: