Gold maintains a bullish trajectory as it builds on a double three Elliott Wave structure, with technical indicators pointing toward a potential move into the $4,299 to $4,470 target zone.
The Elliott Wave count favors a continuing rally from the October 31, 2026 low toward a $4,299-$4,470 Fibonacci target zone, with the bullish view valid while price holds above the November 6 low. However, this is a single technical chart interpretation, not new fundamental information, so conviction in the direction is limited and contingent on price levels rather than events.
Gold (XAUUSD) continues to show a constructive technical outlook as it extends a double three rally from the October 31, 2026 low. The metal is currently positioned to complete wave ((a)) before a corrective pullback in wave ((b)) provides support for a further advance toward the $4,299 to $4,470 Fibonacci target zone.
The bullish view stays valid while gold holds above the November 6 low; a break above $4,147 would strengthen the bullish case.
The analysis points to sellers possibly appearing between $4,299 and $4,470, which could trigger at least a three-wave corrective pullback.