XAU/USD Alert: The “Wave 5” Explosion is Here

XAU/USD Intel: Geopolitical Catalyst Triggers the Fifth Wave ⚡

Summary:
Gold has completed its Wave 4 correction at the $4,766 support and has now entered a powerful Wave 5 impulsive rally. The breakthrough above $4,850, triggered by the Hormuz reopening, confirms a total shift in market structure.

Key Levels:

Resistance: $4,890 (Weekly MA10). A break here opens the path to $4,970 and eventually $5,000.

Support: $4,800. This is the critical “line in the sand” for bulls next week.
Week’s Tactical Playbook
1. The “Buy the Retest” (Primary):

Entry Zone: $4,800 – $4,810 (Major Structural Support)

Stop Loss (SL): $4,780

Targets: $4,850 / $4,900 — Breakout potential to $4,930.

2. The “Supply Zone” Scalp (Secondary):

Entry Zone: $4,890 – $4,900 (Weekly MA10 Resistance)

Stop Loss (SL): $4,920

Targets: $4,850 / $4,830.

3. Strategic Advice:

Trend is King: As long as we stay above $4,800, the bias is strictly bullish.

Mid-Term Goal: Aim for the $4,960 – $4,970 channel upper bound.

Position Sizing: Maintain 20% max allocation. Don’t chase the spike; wait for the pullback.