The Elliott Wave count on the Gold (XAUUSD) 4H chart confirms that we have entered the final stage of the Wave (4) correction following the major Wave (3) rally. The price's downward breach of the red ascending trendline is a strong technical signal that the decline will continue toward the 4,135 - 4,087 zone, the Fibonacci 0.382 level. This area is a prime candidate for the "ultimate bottom" where selling pressure will exhaust and institutional buying will kick in. Subscribe to Ewplans now to ensure you don't miss this strategic reversal in the big picture and definitive buy signals!
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