GOLD LIVE TRADE SIGNAL – June 16, 2025 (Price: $3415)

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🔵 Setup: BUY on Breakout — targeting continuation after corrective pullback
📉 Market Structure:

Bullish impulse completed a clear 5-wave Elliott structure

Current pullback forming a potential Wave 2 or IV

Price sitting above the breakout zone (~3391.6 support)

✅ Trade Details:
Entry: Buy @ 3422 (on bullish candle close above local resistance zone)

Stop Loss: 3408 (below consolidation low)

Target 1: 3445

Target 2: 3468

RRR: ~1:2.3

Confidence: HIGH — strong momentum wave + clean structure

🔍 Technical Confluence:
Wave (2) retracement respected

Channel breakout held (blue ascending)

Minor resistance around 3420 is being retested

Volume likely to spike in NY session

Caution: Avoid entry if price breaks below 3391.6 – would invalidate short-term structure.

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