XAUUSD, MCX GOLD: Wave 4 Consolidation Ends - Target $4,950

XAUUSD: Wave 4 Consolidation Ends - Target $4,950 Ticker: XAUUSD (Spot Gold) 

Timeframe: Daily (1D) Analysis: Elliott Wave / Macro

20-DEC-2025

Update:
Price is consolidating near a key resistance zone. An alternate Wave (4) scenario has been marked to account for extended consolidation.

However, as long as price holds above the highlighted support band, the broader bullish structure remains intact and favors an eventual upside continuation toward higher targets.

16-DEC-2025 

The Structural View: Spot Gold is strictly following the Elliott Wave Grand Super Cycle. We are currently witnessing the Wave (4) correction/consolidation phase, which is essential to build momentum for the final rally.

Technical Breakdown:

1. The Base: The breakout above the $4,189 level (Blue Line) confirmed the bullish intent. This level now acts as critical structural support.

2. Wave 5 Sequence: We are initiating the final Wave (5). The internal subdivision shows we are preparing for the "Green Wave 3" extension.

3. RSI Reset: The consolidation has allowed the RSI to reset from overbought levels, giving the bulls room to push higher without exhaustion.

Key Levels to Watch:

• Crucial Support: $4,247 (Immediate) & $4,189 (Structural).

• Intermediate Target: $4,630

• Grand Target (Cycle Peak): $4,825 - $4,947

Verdict: Remain Bullish above $4,247. The path of least resistance remains up towards the $5,000 psychological zone.

MCX GOLD: Wave 5 Begins - Target ₹1,57,000

The Macro View: Gold has successfully bounced from the Wave 4 correction zone. The structure on the Daily timeframe confirms we are initiating Wave (5) of the Grand Super Cycle.

Technical Observations:

1. Support Held: The price respected the 126,134 base (Wave 2 low), confirming the bullish structure.

2. Current Wave: We are currently in the internal Green Wave 3, which is historically the strongest part of the trend.

3. Time Cycle: The next major cycle turn is expected in late December/early Jan, which should coincide with a breakout above 140k.

Key Levels:

• Invalidation Level: Close below 131,700.

• Target Zone 1: 138,235

• Target Zone 2: 152,425 - 157,913

 

Disclaimer: Educational analysis only. Manage your risk. Consult your financial advisor.

Update (Dec 18): Price action remains within the Wave (4) consolidation range. No structural change observed.

https://in.tradingview.com/chart/XAUUSD/tifbnrvL-XAUUSD-Wave-4-Consolidation-Ends-Target-4-950-Ticker-XAUUSD/

https://in.tradingview.com/chart/GOLD1!/a0yMG6HM-MCX-GOLD-Wave-5-Begins-Target-1-57-000/ 

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