Elliott Wave Gold XAUUSD 30M Reversal Setup
The XAUUSD 30-minute chart shows a clear Elliott Wave structure transitioning from a completed impulsive rally into a corrective phase. The strong bullish move forms a five-wave impulse, with wave (3) extending sharply, indicating strong momentum from institutional buying. After the peak, price begins a corrective sequence labeled A-B-C, forming a downward channel that reflects…
