Elliott Wave Gold XAUUSD 30M Reversal SetupGold (XAUUSD)CAPITALCOM:GOLDBitcoinprofitableThe 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 profit-taking and short-term bearish pressure. Currently, price is approaching a key demand zone (highlighted area), which aligns with wave (5) completion of the corrective structure. This suggests a potential bullish reversal if buyers step in at this liquidity zone. The projected path shows a short-term dip followed by a strong impulsive move upward, indicating the start of a new bullish cycle. Entry Points: Buy near the demand zone around 4800–4810 after confirmation (bullish engulfing or rejection wick). Conservative entry: wait for break of minor structure (higher high on lower timeframe). Stop Loss: Below the demand zone and recent swing low (~4765). Take Profit: First target: previous lower high (~4840). Second target: recent peak (~4890). Final target: projected extension above 4915. Exit Strategy: Partial profit at key resistance levels. Trail stop loss as price forms higher lows to secure gains.