XAUUSD | Gold Spot — High Timeframe Price Structure & Expansion GoldOANDA:XAUUSDTradeEngineeringThis chart illustrates a high-timeframe market structure analysis of XAUUSD based on impulsive price expansions, corrective retracements, and proportional projections. Technical observations: Each primary bullish impulse is followed by a deep corrective retracement, typically ranging between 45% and 70%, before continuation. Historical impulsive legs have reached measured expansion ratios of approximately 459%, 654%, and 773% relative to their preceding corrective bases. The mean expansion projection (~713%), derived from prior completed cycles, is marked as a statistically relevant target zone rather than a fixed price objective. Current price action remains contained within a well-defined ascending price channel, while maintaining higher highs and higher lows, confirming an intact bullish macro structure. As long as price respects the structural demand zone and the lower boundary of the channel, the prevailing trend bias remains bullish. Disclaimer: This analysis is derived solely from price action, market structure, and historical proportionality. It does not represent a trade recommendation. Risk parameters must be defined according to the trader’s own execution model. 🧠 Feedback on the validity of this expansion framework within the current macro cycle is welcome.