Elliott Wave Strategy XAUUSD

Elliott Wave Strategy
XAUUSD (GOLD) ... we should remain bearish next week but I strongly think if price makes a lower low below 4404.155 we might have some bullish pressure acting as wave (4) . if anything change I will update u but the trend should remain bearish until price breaks the 4404.155 price

First

)))))

XAUUSD H1: Bears' Last Dance? Waves and Levels Are Running Out

On the hourly timeframe, gold has completed a powerful impulse decline and is currently in the corrective rebound phase. The wave pattern indicates that the main wave of decline is likely behind us, but a full-fledged reversal has not yet occurred. The trading strategy is built around key levels: buys are considered at the lower boundary of the range (accumulation zone), and sells are considered at the upper resistance levels, where the correction may end. A break of one of the boundaries will signal the beginning of a new trend movement.

If the price consolidates below $4,280, the current corrective structure is cancelled, opening the way to $4,150 and $4,050.
If the price consolidates above $4,470, the downside scenario loses its strength, and the market enters a recovery phase with targets at $4,600+.

On H1, gold is in the final phase of corrective wave (4) after a powerful impulse decline. The market is consolidating, awaiting the emergence of a new driver. Until the key levels are broken, the optimal strategy is to trade within the range: sell from the resistance at $4,450–$4,470 and buy from the support at $4,300–$4,330. For professionals, this is an opportunity to track the completion of wave (4) and prepare for entering wave (5) or a trend reversal. For beginners, it offers a clear model for working with levels in conditions of limited volatility.