#XAUUSD Elliott Wave Analysis

Two weeks. Five legs. One triangle.

Wave (iv) has been building since early July: a-b-c-d-e, every bounce capped by the upper line, every dip caught by the lower one. That's not chop, that's a market coiling.

Wave e just wrapped up near 4,120-4,130. This is the last leg of the pattern, and triangles only show up in one spot: right before the final wave of the sequence.

What comes after E? A sharp thrust out of the triangle, in the direction of the prior trend, and it moves fast. If you're waiting for confirmation on the retail news, you're already late.

We labeled every leg of this pattern in real time, not after the fact. Wave (v) is next. The compression phase is done.

Don't guess the breakout. Trade the structure.