XAU/USD | Short-Term Correction Before The Next Bullish Leg?GoldOANDA:XAUUSDArmanShabanTradingBy analyzing the #Gold chart on the 6H timeframe, we can see that price once again followed the bullish scenario almost perfectly. Gold extended its rally all the way toward $4697, coming just a few dollars away from the major $4700 level. After reaching this area, sellers stepped in and Gold started correcting, with price dropping toward $4610 so far. In my view, the broader trend is still bullish, but after such an aggressive rally, I expect a deeper short-term correction before the next major bullish leg begins. The downside targets I’m watching during this correction are $4580, followed by $4550, then $4523, $4500, and potentially $4483. The $4483 – $4523 area is currently one of the most important demand zones on the chart and the reaction from buyers there will be very important. There is also a large FVG between $4379 and $4451 created during the recent impulsive rally. I do not necessarily expect it to be filled immediately, but in the medium term I believe this imbalance could become an important magnet for price. So the scenario is simple: short-term correction first, but the broader structure remains bullish. After this corrective phase, the major upside targets I’m watching remain $4700, followed by $4800, then $4900, and potentially the psychological $5000 level if bullish momentum continues. For now, don’t confuse a healthy correction with a complete trend reversal. The bigger picture still favors buyers. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban