$XAU Gold’s Final Wave Before a Deep Correction.
Gold appears to be completing Wave 5, with price approaching a major supply zone between 5,120 – 5,405, where upside momentum is showing clear signs of exhaustion. RSI across multiple timeframes is printing strong bearish divergences, reinforcing the likelihood of a corrective phase.
A deep but healthy correction is expected toward the key demand zone around 4,250 – 4,350, where price may stabilize and accumulate before the next move.
Conclusion: This is not a reversal. Gold is likely to rotate from supply to demand, reset momentum, and then resume its broader bullish trend toward new highs.
XAUUSDT
Trvl
5,047.15
+0.70%