XAUUSD (Gold): Is Wave (B) Still Developing?GoldOANDA:XAUUSDmoneymunch🪙 XAUUSD: Can Gold Reach 4,772 Before the Next Decline? Gold appears to have completed a five-wave decline from around 5602 to 3942, which is being considered as Wave (A) of a larger corrective structure. The current recovery from 3942 may represent Wave (B). For a zigzag, Wave B commonly retraces around 50%-79% of Wave (A). There are two important scenarios on the chart: Scenario 1 — 50% retracement: Wave (B) could reach around 4772 before the next decline begins. Scenario 2 — 61.8% retracement: Wave (B) could extend higher toward 4576? If Wave (B) completes near either level, Wave (C) could then develop to the downside. In a single zigzag, C commonly equals A, so the projected C levels would depend on where B actually terminates. 🎯 Targets Wave (B) scenarios: 4772 = 50% | 4576 = 61.8% Wave (C), assuming C = A: From B at 4772 → 3112 | From B at 4576 → 2916 The two B levels are scenarios. The eventual B termination and its internal structure would determine which projection becomes relevant. What do you think? 💬 Will XAUUSD reach 4772, or could international gold break below the Wave (A) low at 3942 before reaching that level?