Forecast: Next Expected Move XAUUSD GoldOANDA:XAUUSDTrading_biteXAUUSD Forecast: Next Expected Move Based on the 1M chart showing a -14.87% drop this month: Immediate Term (Correction): The price is seeking support. In Elliott Wave theory, Wave 4s often find support at the previous "Wave 4 of one lesser degree." This points to a support zone between $3,500 and $4,100. The "Throw-over" (Next Move): After this shakeout (Wave 4) completes, expect a final Sub-wave 5 (of 3). This move should target the $5,800 - $6,200 range. The Grand Correction: Once that cycle completes, Gold will likely enter a multi-year stagnation (a "Supercycle" Wave 4) that could last years, similar to the 2011-2015 period, but at a much higher price floor. Good Luck Trading Bite