Gold resumes its bullish trend from the 4258 low as wave ((iii)) unfolds within wave 5.
XAUUSD has turned higher after completing the pullback in wave 4 at 4258. This move confirms that the broader bullish trend remains intact. Price is now advancing within wave 5, and the structure continues to favor higher levels. From the wave 4 low, Gold moved higher in a clear five-swing structure. This advance completed black sub-wave ((i)). Price then pulled back in wave ((ii)) and found support at 4271.175. The decline stayed corrective in nature and did not break key support. This behavior confirmed that the trend had not changed. After wave ((ii)) ended, Gold resumed its rally and is now trading higher within wave ((iii)) of wave 5. Momentum has increased, which is typical for this part of the cycle.
Within wave ((iii)), price is currently unfolding in blue wave (iii). This segment has shown strong upside momentum. However, red sub-wave iii within this move appears mature. Because of this, Gold may pause or pull back in the short term. Any pullback should unfold as red wave iv. This correction is expected to stay corrective and develop in 3, 7, or 11 swings. Such a move should offer a buying opportunity once the correction reaches its extremes. As long as price remains above the invalidation level at 4257.73, the bullish view stays valid.
Gold Latest 1-Hour Elliott Wave Chart From 12.23.2025 update.
