Gold Eyes Wave (4) Golden Pocket Retest Ahead of Weekly Open!GoldOANDA:XAUUSDCaptionGold_TraderFundamental & Sentiment Analysis The Gold market (XAUUSD) concludes a highly turbulent trading week in a compressed state, leaving market participants in intense anticipation of a massive directional expansion as the next weekly opening approaches. Over the past sessions, market sentiment has been heavily dictated by sticky inflation prints and the high-stakes outcome of the multi-day FOMC monetary policy meeting. Currently, institutional desks (Smart Money) are utilizing the weekend lull to thoroughly absorb the weekly order flow, liquidate late-stage positions, and rebalance historical inefficiencies. With no active macroeconomic data releases over the weekend, the market enters a brief vacuum where near-term structural developments take full control. The broader order flow is actively transitioning into a heavy profit-taking phase, trapping early retail breakout buyers as trading algorithms prepare the next major liquidity matrix for the upcoming weekly launch. Key Levels • Wave (4) Resistance: 4,230 – 4,245 (Fib 0.5–0.618) • Support: 4,120 • Psychological Support: 4,080 • Wave (5) Target: 4,032 Bearish Scenario If price rejects from the 4,230–4,245 Fibonacci cluster, Wave (5) could extend lower toward 4,080 and ultimately 4,032. Bullish Scenario If buyers defend 4,120 and reclaim key Fibonacci levels, the correction may evolve into a larger recovery, opening the door toward 4,300+. Gold is entering a critical decision zone where trend continuation and reversal are both on the table. Is this Wave (4) just a retracement before another selloff, or the beginning of a larger bullish recovery?