XAUUSD: Wave 4 Base Complete, Wave 5 Setup Building at $4,024GoldOANDA:XAUUSDTheChartWhisperrThe weekly count is clean. Wave 1 off the 2022 low, Wave 2 correcting in an ABC, Wave 3 extending hard into the 5,400 region, then Wave 4 pulling back in its own ABC to find support at 4,024. That's the structure. What matters now is whether Wave 4 is finished. In CAP: this is a textbook Elliott Wave 4 terminal into an OTE-adjacent retracement zone. Wave 4 corrections typically retrace less than Wave 2, and this one hasn't touched the Wave 1-to-2 territory. Structurally proportionate, not overextended. The 3D chart on the right is where the real signal sits. Price broke down hard from 5,400 through May and June, then flattened into a base right at 4,024, the exact Wave 4 low from the weekly count. Two timeframes agreeing on the same level is confluence, not coincidence. Volume on the 3D base has been fading into the flattening, not expanding. That's consistent with absorption rather than continued distribution. Sellers pushing gold to 3,960 and failing to hold it below 4,000 on the low tells you supply is running out of runway at this level, even without a delta readout to confirm it directly. If Wave 4 is complete, Wave 5 targets the 5,700 to 6,300 zone, an extension consistent with the length of Wave 3. If it isn't, price fails to hold 4,024 and the correction isn't over. What invalidates this: a weekly close below the Wave 2 high, which would violate basic Elliott rules and void the count entirely. What confirms it: reclaiming and holding above 4,175, the level currently acting as the pivot on the 3D chart. Seneca said luck is what happens when preparation meets opportunity. The count has been prepared since 2022. The opportunity is whether 4,024 holds.