1d • Charts + Analysis 📈📊
Gold - Scenario Confirmation Level!
Date: 01/01/2026
After weeks of uncertainty the gold structure is finally at its make or break point. As we discussed in our earlier post that even though most people were convinced that the correction was over and we had begun our next impulse there was still a strong probability that we were in an extended B wave and a downward impulse was still pending.
The bullish structure seems to have come crumbled with Gold correcting over 6% in the last few trading sessions. The KEY LEVEL NOW IS 4245.195. This level was marked in the bullish scenario as the top of Wave 1 ... any price entry into this zone indicates that this current correction cannot be a Wave 4 which automatically negates the positive / bullish outlook ahead.
If this level is breached we are looking at the C Wave coming down. Once this downward wave is complete a fresh impulse which will be Wave 5 will emerge.
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Gold - Scenario Confirmation Level!
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