GOLD - 30 Mins. GOLD (US$/OZ)TVC:GOLDshiva560060## GOLD (XAU/USD) – 30-Minute Chart Analysis 1. Gold remains in a **well-defined bearish trend**, making lower highs and lower lows, confirming that sellers are still in control. 2. The Elliott Wave structure suggests **Wave (iii) has likely completed**, and the current recovery appears to be **Wave (iv)**, which is typically a temporary counter-trend bounce. 3. The descending trendline remains intact, and unless price breaks above it decisively, the primary trend continues to favor the downside. 4. The current rebound is expected to face resistance around **4,050–4,080**, where selling pressure is likely to re-emerge. 5. If Wave (iv) completes near the resistance zone, **Wave (v)** could begin, targeting the **3,850–3,800** region as the next major downside objective. 6. Fibonacci extension levels also support a bearish outlook, with projected downside targets near **3,973**, **3,869**, and **3,784**. 7. Any move above the recent Wave (iv) high would delay the bearish scenario but would not invalidate it unless the descending trendline is broken convincingly. 8. Traders should avoid aggressive long positions while the price remains below the trendline, as rallies are more likely to be selling opportunities. 9. A break below the recent swing low would confirm the start of the final bearish impulse and could accelerate selling momentum. 10. **Overall Outlook: Bearish (8.5/10)** with the expected path: **4,035 → 4,070 (Wave iv) → 3,900 → 3,850 → 3,800**, unless Gold closes decisively above the falling trendline.