Following the strong advance in GOLD, the current corrective structure appears to be approaching its final stage.

The price is developing within higher-degree wave "B". Inside it, intermediate wave "C" is nearing completion through the final stages of the smaller wave "5".

However, one more move higher cannot be ruled out. If the smaller wave "5" is not complete yet, GOLD may continue toward the resistance area around 4350.62. This is where the entire corrective structure could eventually form its top.

Once waves "B", "C", and "5" are complete, I expect GOLD to reverse and begin moving lower. My first target is the support area around 4162.99.

The key reference within this area is the smaller wave "1" high at 4168.50. The price previously broke decisively above this level, so the same zone may become the first significant support during a pullback.

This setup is not intended to capture the entire potential decline in advance. I first want to see how the price reacts around 4162.99 before evaluating the developing structure and any lower targets.

Gold is ending the week with strong gains, so taking a position against the current upward momentum requires particular caution. The upcoming U.S. employment report may also cause additional volatility by affecting expectations for Federal Reserve policy, the U.S. dollar, and Treasury yields.

Manage your capital properly and wisely! Enter trades only based on reliable patterns!