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Elliott Wave#XAUUSD 1H16 October 2026

#XAUUSD 1H

Technical Analysis

#XAUUSD 1H

Gold is expected to continue its bullish movement toward the marked resistance zone, where a potential trend reversal may occur.

A breakout above the resistance zone and the descending trendline could pave the way for further bullish movement toward the next resistance levels.

⚠️ Price reaction to key levels and proper risk management are essential for confirming the next market scenario.

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