# Gold Daily: Recovery within wave (ii)

> Gold price may rebound to $4,382, $4,456 as wave (ii) corrects.
- Title: Gold Daily: Recovery within wave (ii) · TradingView | Shortify
- Summary: Gold price may rebound to $4,382, $4,456 as wave (ii) corrects. Gold could recover to $4,382, $4,456 before potential downside if wave (ii) completes.
- Keywords: gold, wave ii, elliot wave, xauusd, recovery zone, price target, business, finance, Daily, Recovery, within, wave
- Source: TradingView — https://tradingview.com/chart/XAUUSD/LwpymMVn-Gold-Daily-Awaiting-a-recovery-within-wave-ii
- Published: 2026-10-16T05:09:40+00:00
- Read time: 1 min
- Topics: gold, wave ii, elliot wave, xauusd, recovery zone, price target, business, finance
## Gold price at $4,174
Gold is trading around $4,174 per ounce after recovering from $4,066.54.
## Wave (ii) correction underway
Wave 'b' ended at $4,697.10 before five smaller downward waves formed.
## Key recovery zone
Price may rebound to $4,382, $4,456, a 50%, 61.8% retracement of wave (i).
## Critical price levels
Breaking below $4,066.54 could trigger immediate downside, while $4,456 supports recovery.
## Key takeaway

Gold could recover to $4,382, $4,456 before potential downside if wave (ii) completes.