Gold is currently trading near 4,315, below the key resistance zone around 4,347; despite a recent rebound, the pattern of "lower highs" remains unchanged.
The core logic is straightforward: the current recovery could evolve into a corrective "Wave (4)" rebound targeting the 4,329–4,334 selling zone, followed by a new leg down toward the "Wave (5)" completion area—specifically the 4,292–4,285 range.
The core logic is straightforward: the current recovery could evolve into a corrective "Wave (4)" rebound targeting the 4,329–4,334 selling zone, followed by a new leg down toward the "Wave (5)" completion area—specifically the 4,292–4,285 range.
