#xauusd XAUUSD contracting diagonal structure, with price currently reacting off the lower trendline support, suggesting potential for the final bullish leg toward upper resistance. The corrective ABC pattern within the structure indicates the end of a wave correction, setting the stage for a bullish continuation. Technically this setup aligns with Elliott Wave Theory implying gold may attempt to break higher toward the upper boundary of the wedge. On the other side gold remains supported by ongoing macroeconomic uncertainties, including expectations of a dovish Fed due to weakening U.S. data and geopolitical tensions that continue to drive safe-haven demand. As long as real yields stay pressured and inflation expectations remain elevated, the bullish outlook for gold remains intact.