XAUUSD H1: Wave 5 Into Liquidity — What Comes Next?GoldOANDA:XAUUSDRichard_PrimeInsightsGlobal Context Gold has maintained strong upside momentum since the initial structural CHoCH, followed by multiple bullish BOS confirmations. The Elliott Wave structure currently suggests a completed Wave (1), corrective Wave (2), strong impulsive Wave (3), and subsequent Wave (4) consolidation. Price is now attempting to complete Wave (5) toward the upper liquidity pool. The important area is the 4,430 – 4,455 BUY-SIDE LIQUIDITY zone. A sweep into this region could complete the current bullish expansion before a corrective retracement develops. The first downside reaction zone is positioned around the 4,320 – 4,340 OB + DEMAND ZONE. If this demand holds and produces bullish displacement, the broader bullish structure remains intact. A deeper retracement could potentially revisit the lower structural support before another expansion. Technical Playbook The Bias: Bullish Continuation / Wave 5 Expansion. The primary focus is tracking the final impulsive leg toward the 4,430 – 4,455 BUY-SIDE LIQUIDITY. The Main Horizons: The key structural areas are the 4,430 – 4,455 liquidity pool, followed by the 4,320 – 4,340 OB + Demand Zone. The larger structural support remains connected to the ascending trendline and the broader demand structure below. The Target Path: Price is projected to complete Wave (5) into the upper liquidity zone. After the liquidity is taken, a corrective retracement toward 4,320 – 4,340 becomes the primary area of interest. If buyers defend this OB + Demand zone, the bullish structure can resume with another expansion toward new highs. Confirmation: The bullish continuation scenario remains valid while price continues to respect the higher-low structure and maintains bullish displacement. A strong reaction from the 4,320 – 4,340 OB + Demand Zone would provide additional confirmation for continuation. Invalidation: The bullish framework weakens significantly if price loses the 4,320 – 4,340 demand zone with strong bearish displacement and begins accepting below the ascending structural trendline. The key question: Will Wave (5) complete into 4,430–4,455 liquidity before the correction begins? Or will Gold break through the liquidity and extend the bullish cycle even further? What is your Elliott Wave count? 👇 Educational purposes only — Not financial advice.