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Has GOLD finished its correction, or are we entering Wave (4)?

This analysis is based on the Elliott Wave Theory on the 4-hour timeframe, showing a corrective W–X–Y structure after completing Wave (3) at the 4381$ high.

Price is currently reacting to the 50% retracement level within Wave X — if it fails to break higher, we could see a continuation toward Wave (4) around the 3600–3500$ zone.

This move represents part of a larger corrective phase within the overall bullish cycle, potentially setting up the next strong impulsive Wave (5) to the upside.

This is a wave structure outlook, not financial advice — the goal is to understand market behavior through professional Elliott Wave perspective.