IPL301

IPL301

On the 4hr you could see that wave C is in progress. On the daily gold is currently busy with a Wave 5. Once Wave C is finish on 4hr we might get a movement up . Wave ABC on the 4hr is a pullback on the daily.

IPL301 Updated 

If we only pullback to fib level between 50 - 68%, and get bearish confirmation we might start with leg C. But is also possible that if we go past ATH we might be busy with Wave 5.

IPL301 Updated 

To confirm a low is in and Wave B’s final leg is starting: ✅ 15M CHoCH – Price must break previous lower high (LL > HL shift). ✅ Bullish volume surge on breakout. ✅ Higher low retest (entry zone). ✅ RSI breaks above 50. This would line up with a reversal inside your 4H Demand/Reaction Block, adding confluence from both timeframes.