Gold remains in a corrective phase following its recent decline, with the current structure suggesting this rebound may be temporary rather than the start of a sustained bullish trend. If the wave count continues to unfold as expected, another leg lower could develop before the market is ready for a larger directional move.
The timing is particularly significant with a busy week ahead. Interest rate decisions from the Federal Reserve, Bank of England, and Bank of Japan, together with ongoing geopolitical tensions, are likely to inject heightened volatility into precious metals. These events could provide the catalyst for Gold’s next impulsive move.
We’ll continue to let market structure lead the analysis and wait for price to confirm the highest-probability scenario before acting.
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