XAUUSD – Corrective structure under evaluationGoldOANDA:XAUUSDMrLiquidonFXWe would like to see signs of an impulsive move, which could potentially represent wave C of a broader corrective structure. The recent decline appears corrective in nature, unfolding as a W-X-Y sequence, and we are starting to see signs of exhaustion from wave B, suggesting the correction may be nearing completion. If this interpretation remains valid, we would then anticipate wave C to unfold as an impulsive move, completing the corrective pattern. ⚠️ Invalidation: A decisive break below the marked invalidation area would negate this scenario and suggest the correction is still unfolding.