XAUUSD- Upper BoundaryXAU/USD SpotFX:XAUUSDbwipcrThe move from late October 2025 can be viewed as the start of a correction, and so far nothing has fundamentally changed - only the type of correction has been revised. It now appears to be an expanded flat. The upper boundary is a break above 4,571 (+5) - at that point, this scenario would be considered invalid. Next, according to the scenario, we should see a fast downward move - wave C - either from the current level or from the high. Potential targets if the move starts from the high: • 3,940 • 3,769 • possibly lower If this scenario plays out, a rebound is expected afterward, followed by continuation in the direction of the main trend.