XAUUSD 4 HOUR**According to the Elliott Wave theory, the ongoing pattern appears to be a double correction. Wave 3 of {Y} has been completed, and Wave 4 is currently in progress. A potential buying opportunity may arise between the levels of 3360 and 3350. **
**However, if gold breaks below the 3350 level, further downside movement is expected, with the next support zone likely between 3315 and 3297. **
**Furthermore, if gold breaks the critical level of 3250, it may extend its decline toward the 3215–3197 range.**
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