The 4H XAUUSD chart illustrates a completed five-wave impulsive structure followed by a classic ABC corrective pattern, consistent with Elliott Wave Theory. The initial impulse (waves 1 through 5) reflects strong bullish momentum likely driven by escalating inflation concerns and persistent geopolitical tensions that spurred safe-haven demand for gold. Post wave 5, a corrective decline unfolded in a downward-sloping channel forming waves A, B, and C, signaling temporary profit-taking and consolidation as markets priced in expectations of a potential Fed pause. The correction completed at wave C, setting the stage for a new bullish impulse where wave 1 initiated the reversal, wave 2 provided a shallow retracement, and the market has now progressed through wave 3 with wave 4 forming a minor pullback. We anticipate the final wave 5 to target the prior resistance zone near as fundamental support grows from recent weak U.S. macro data and increasing speculation around rate cuts, adding fuel to renewed bullish sentiment in gold.