#XAUUSD #GOLD

Possible scenario.
The current return wave is sharp.
In the daily time, gold is in its 3rd rising wave.
But the last piece is considered to be able to move 5 waves, and in this wave we should see a sharper structure.
We are the last piece in wave 2. If this current correction is temporary, wave 4 will show itself in price and vice versa.
Therefore, in corrections, we should seek confirmation of the return of wave 3 out of 3.
Finally, I expect it to form a higher or lower floor in the yellow box and return for wave 3, whose target can be 2000-2012-2022 to 2028 and...
Also, if it breaks the yellow box, I will update the scenario again. Because it may either move up to the area of 1945 or hit the previous floor.
Finally, for the time being, you should seek to confirm the position of the cell.
If the behavior and structure of the post changes, it will be updated.