GOLD

Gold appears to have completed a five-wave impulsive advance into wave (A), followed by a corrective A-B-C decline into wave (B). The correction has respected the broader bullish structure, and price is now attempting to turn higher from the wave (B) region.

As long as Gold remains above the invalidation level at 4,365.850, the preferred Elliott Wave count supports the start of a new bullish leg in wave (C). The projected upside objective for wave (C) is near 4,675.778, where price may complete the next major advance.

The current structure favors a bullish continuation scenario, with the recent corrective low acting as a key reference point for risk management. A sustained move higher from the present zone would strengthen the case that wave (B) has ended and wave (C) is already underway.