#XAUUSD Elliott Wave Analysis

The gold bull market is alive and well. But you need to wait.

Wave III completed its rally at the highs. Now we are in Wave IV correction. This is not a trend reversal. This is the market setting up for the next major leg higher.

The structure is clear: We are tracking a complex WXY correction for Wave IV. The C wave of (Y) is targeting the 3,637-3,183 zone. This represents the 0.382 to 0.5 retracement levels of the entire Wave III advance.

Why is this important? Wave IV corrections happen before the final Wave V explosion. Most traders will panic during this drop and sell at exactly the wrong time.

We don't panic. We prepare.

The bigger the correction, the bigger the opportunity. Once Wave IV completes in that target zone, Wave V will deliver the kind of move that makes careers.

Don't fight the correction!