XAUUSD Price has completed a 5-wave bullish impulse, followed by a complex W-X-Y-X-Z correction.
The market is currently testing the potential bottom of Wave Z, around 4,300–4,330.
If this support holds, a new bullish leg could begin.
BUY confirmation: A breakout and candle close above 4,443.
Invalidation: A break below 4,280 invalidates the bullish scenario.
Main scenario: Complete Wave Z → hold support → Break & Close above 4,443 → bullish continuation.
#elliott #CPI
The market is currently testing the potential bottom of Wave Z, around 4,300–4,330.
If this support holds, a new bullish leg could begin.
BUY confirmation: A breakout and candle close above 4,443.
Invalidation: A break below 4,280 invalidates the bullish scenario.
Main scenario: Complete Wave Z → hold support → Break & Close above 4,443 → bullish continuation.
#elliott #CPI