XAUUSD Micro Wave ii Corrective Pullback RetracementGoldOANDA:XAUUSDdzdeeznuts38.2% Retracement = $4,508.00 - The Aggressive Front-Run: Sits right at the $4,500–$4,509 key structural psychological level. If the bulls are highly aggressive, they will defend the top of this former daily range. 50.0% Retracement = $4,480.80 - The Value Pocket: Confluence with the crucial bull/bear line ($4,481.78). This is the standard midpoint of the entire short-squeeze leg. 61.8% Retracement = $4,453.70 - The Deep Golden Pocket: Aligns with Wednesday's old intraday resistance. A drop here fills the remaining low-timeframe fair value gaps (FVGs) created during the vertical climb. Micro Wave ii Mechanics: Given the sheer velocity of Friday's short-covering, early week price action will likely look like a choppy, corrective bleed to unwind the overbought hourly indicators. The Accumulation Zone: The premium zone to look for long triggers is between $4,508 and $4,480. Invalidation: The hard floor shifts to $4,366.41. A breach below that level destroys the integrity of this entire impulse and signals a macro continuation to the downside. Micro Wave iii Targets: If the corrective wave ii anchors near the 50% retracement (~$4,480), a standard 161.8% extension for the next leg up (Micro iii) projects a target up toward $4,850+, which aligns with the April macro structural high.