#XAUUSD πΊπΈ | Elliott Wave Outlook on the 4-HGoldOANDA:XAUUSDShaaban_taher#XAUUSD πΊπΈ | Elliott Wave Outlook on the 4-Hour Timeframe π π Bulls Are Regaining Control Recent developments in gold price action suggest an improving bullish outlook, following a successful breakout above the upper boundary of the terminal price channel πΉ that contained the final wave of the previous bearish move. This breakout comes after a period of relative balance between buying and selling pressure. γ½οΈ From an Elliott Wave perspective, this breakout supports the possibility of a new bullish phase, with price expected to continue advancing to complete wave (1) within wave "C", followed by a temporary corrective pullback representing wave (2) of the same wave structure. π β¨ If the corrective movement develops into a clear and completed pattern representing wave (2), it could provide additional confirmation of the current wave count and strengthen the possibility of a renewed bullish move through wave (3) within wave "C". π Based on these technical developments, the bullish outlook remains valid, with further price recovery and the potential formation of additional upward waves, provided that price maintains the key support levels required for the current scenario. π The 4066.535 level represents the critical invalidation point for this outlook. A new low below this level would invalidate the bullish scenario and require a reassessment of the current Elliott Wave structure. #XAUUSD #GOLD #GoldTrading #GoldAnalysis #ElliottWave #ElliottWaveAnalysis #WaveAnalysis #TechnicalAnalysis #BullishGold #PriceAction #ForexTrading #TradingView