Technical analysis by Trade_Hive_Signals about Symbol PAXG on 1/6/2026

XAUUSD: Gold's Wave Structure on the Verge of a New Impulse XAUUSD Wave Review (D1 and H4) As a trader who has been practicing wave analysis for over ten years, I note that gold is currently completing a corrective phase and is preparing to transition into a new impulse movement. Chart D1: The global picture shows that the market is completing an extended sideways formation. The wave structure indicates that the correction is coming to an end and is laying the foundation for the next trend move. Chart H4: Local dynamics confirm the first signs of a nascent impulse. Key entry points are forming here, which could mark the beginning of a larger wave. Main Scenario After the completion of the corrective phase, a downward impulse sequence is expected to develop. This movement may be accompanied by increased seller activity and a shift in priority to the downside. Alternative Scenario If the price holds above local peaks and forms a stable upward impulse structure, the priority will shift to continued growth. In this case, the correction will be considered incomplete, and gold may experience a further rebound. Trading Idea Conservative approach: wait for confirmation of a breakout of key levels and enter with the trend. Aggressive approach: use local impulses on H4 for earlier entries, but with tight stops. In both cases, it is important to maintain strict risk management and adjust the plan as new impulses emerge. Conclusion Gold is at the transition point between a correction and a new impulse. The wave structure on D1 and H4 provides clear guidelines for action: watch for confirmation of the scenario and act with discipline.