15 mins. Gold – Bullish Wolfe Wave Setup

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15 mins. Gold – Bullish Wolfe Wave SetupGOLD (US$/OZ)TVC:GOLDshiva560060Gold appears to be developing a bullish Wolfe Wave, with Point 5 forming around 4,380–4,400** near the lower Wolfe Wave support line. The current structure suggests a potential reversal from this Point-5 area, with the projected path targeting the 4,520–4,550 zone, where multiple trendlines provide confluence. The key confirmation would be a sustained move above the nearby 4,420–4,440 resistance area, which would strengthen the bullish reversal scenario. A decisive break below the Point-5/support region would weaken or invalidate the setup and could open the door to further downside. Overall, the pattern has a **clear structure with a well-defined invalidation area and attractive upside potential**. Idea Rating: 8.5/10 Disclaimer: This is a technical-analysis-based scenario for educational and informational purposes only and **not investment advice or a recommendation to buy or sell**. Wolfe Wave patterns are probabilistic, and the projected target may not be achieved. Please wait for appropriate price confirmation and use proper risk management before taking any trading decision.