XAUUSD Long-Term Outlook 🗺️
Macro Elliott Wave Analysis
The Daily chart is shaping up for a major structural move. If the current relief rally completes the (D) leg at the HTF key level, we anticipate a final impulsive wave (E) to the downside.
Strategic Roadmap:
Immediate Resistance: LTF Confirmation zone near the HTF Key Level.
Bearish Bias: Confirmed if price fails to break above 5,048.
Final Target (E): Looking for a deeper liquidity sweep toward the 3,800 – 4,000 region.
Patience is key on these higher timeframes. Let the HTF structure guide the narrative. 📉