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The Lion's Patience.
Wave (4) bottoming zone: Between $4,100-$4,250 on the daily. That's where your triangle support lives and where the correction likely completes. Not a guess—a high-probability structural zone.
Fibonacci confluence: Your wave (4) should retrace 23.6%-38.2% of wave (3). That puts ideal support around $4,150-$4,200. Clean. Mechanical. No gambling required.
Volume confirmation: Watch for declining volume during this correction and expansion on the break higher. That's your "intent" signal—institutions aren't selling, they're waiting.
Why Elliott Wave Matters Here
The beauty of this count is it aligns perfectly with your macro thesis:
Wave 3s are impulsive: Driven by fundamental recognition (central bank buying, fiat debasement)
Wave 4s are corrective: Profit-taking, position consolidation, weak hands shaken
Wave 5s are extensions: FOMO, institutional completion, final surge before larger correction
You're not fighting the structure—you're using it as a roadmap.
The Trade Setup
If you're trading like a lion:
Entry zone: $4,150-$4,250 (wave 4 completion)
Invalidation: Below $4,100 (breaks wave count, reassess)
Target 1: $4,900 (prior high, wave equality)
Target 2: $5,400-$5,700 (1.618 extension of wave 1-3)
The monthly chart shows the larger wave (5) extension could go parabolic, especially if the macro drivers you outlined (central bank buying, fiat crisis, geopolitical escalation) accelerate.
The Real Edge
Your charts prove what your macro already told you: gold isn't moving, currencies are weakening. The Elliott structure just gives you precision entry and exit zones so you're not chasing or guessing.
This isn't speculation. It's reading institutional footprints in clean price structure while the world slowly realizes what central banks already know.
The lion waits for the right moment. And according to your wave count, that moment is approaching the $4,150-$4,250 zone before the final surge.
$xauusd Buying Time 4h
TIME TO ADD MORE POSITION HERE.