Gold has recently achieved the new high target we anticipated based on Elliott Wave analysis. However, given the current market dynamics, I'm refraining from seeking buy opportunities until we witness a substantial correction.
While it's crucial to follow the trend, entering the market at this juncture poses significant risks. Instead, I'm emphasizing the importance of waiting for a corrective downward movement before considering long positions.
By exercising patience and closely monitoring market conditions, we can position ourselves strategically to capitalize on potential opportunities while minimizing risk exposure.
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Analysis