XAUUSD 4H Elliott Wave – Bearish Correction SetupGold vs US DollarICMARKETS:XAUUSDBitcoinprofitableXAUUSD on the 4H chart shows a completed five-wave decline followed by a complex corrective W-X-Y structure. Price recently finished wave Y near resistance and formed a sharp rejection candle, suggesting a potential larger ABC correction downward. Momentum weakens, indicating sellers may regain control toward lower support zones ahead soon. Entry & Exit Points: Sell Entry: Enter after bearish confirmation (rejection candle or break of minor support) below recent high. Stop Loss: Above the recent swing high (wave Y peak). Take Profit 1: Previous support zone (wave B area). Take Profit 2: Deeper target near projected wave C completion. Alternative: Avoid trading if price breaks above resistance (invalidates bearish count).