Gold – Elliott Wave Correction Completing | BearishMicro Gold Futures (Jun 2026)COMEX_MINI:MGCM2026VenumPTGold looks to be completing a classic ABC corrective structure after the previous strong bearish move. The current price action suggests that Wave C may be finishing near resistance, which could trigger the next impulsive move to the downside. 🔍 Technical Breakdown 📉 The market printed a strong bearish impulse, followed by a corrective phase. 🔺 The correction appears to be forming a ZigZag (A-B-C) pattern. 📍 Price is currently approaching the upper boundary of the corrective channel. 📊 RSI is losing bullish momentum and hovering around mid-levels. All these factors suggest the correction may be close to completion. ⚡ Potential Trade Idea 🔴 Bias: Bearish 📍 Sell Zone: Near the completion of Wave C 🛑 Stop Loss: Around 4995 🎯 Target: Around 4105 If the structure plays out as expected, this could mark the beginning of a new impulsive Wave 1 downward. ❗ Invalidation If price breaks and holds above the corrective channel and Wave C high, the bearish scenario would be invalidated. 💡 Conclusion Gold may be setting up for the next impulsive leg down after completing this correction. Watching closely for rejection at resistance and confirmation signals before entering. ⚠️ Trade safe and always manage your risk. #Gold #XAUUSD #TradingView #ElliottWave #PriceAction #TechnicalAnalysis #Forex #Futures #SmartMoney #Trading