Gold: This Level Could Trigger the Next Move DownXAU/USD SpotFX:XAUUSDwavemaster_XAUUSD is currently unfolding a higher timeframe Wave 4 correction within a broader bullish structure. On the higher timeframe (purple count), Wave 3 has completed and price is now developing a corrective ABC structure — which is typical behavior before a potential Wave 5 continuation. At this stage, Wave A and B appear completed, while Wave C is currently unfolding to the downside (red count). On the lower timeframe, Wave C is developing as a five-wave impulse (blue count). Waves 1, 2, and 3 are clearly completed, and Wave 4 is likely in place — although not yet fully confirmed. This opens the door for a potential Wave 5 to the downside, completing the overall Wave C and the higher timeframe Wave 4. Trading Plan (Conditional): I’m watching for a break below 4553.75 as confirmation. If price moves below this level, it would validate: Wave 4 completion Start of Wave 5 (downside continuation) Setup: Entry: Below 4553.75 (confirmation level) Stop-loss: 4700.57 Target: 4010.41 Risk/Reward: ~3.7 This is not a blind entry — confirmation is key. If the structure plays out, this move would complete the entire corrective phase, after which I’ll be looking for potential long opportunities again in line with the higher timeframe trend. I’ll update this idea once price confirms or invalidates the setup.