XAU RoadmapGoldCAPITALCOM:XAUUSDJavanshirAcademyHello there! "The overall trend (big picture) remains bullish, and the main drivers are the tense geopolitical conditions expected in the coming months — as Russia is anticipated to carry out new actions in Europe to test NATO and divert its focus away from Ukraine. On the other hand, U.S. debt and borrowing cost concerns could lead to economic uncertainty, which in turn would support gold. The recent rally in spot gold was driven by the news of an increased U.S. debt buyback ceiling, which coincided with falling yields — leading markets like crypto and gold to experience such upward moves. Going forward, we have two scenarios, both ultimately targeting levels above $5,000: · Either price is in wave 3 of a 5-wave Elliott structure, and after completing a correction around the yellow box area, it continues its upward move. · The red scenario gets activated if price drops below $4,200. In that case, as indicated by the arrow, after hitting the channel bottom around $3,700–$3,800, it could rally toward $5,000+ targets. For now, the base case is the first scenario — unless price breaks below $4,200." NFA-DYOR #Javanshir_Academy #Retrader