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Elliott Wave

Gold Breaks Records This Christmas — What’s Next?For the first time in history, Gold ( OANDA:XAUUSD ) has reached new all-time highs during the Christmas period, setting a remarkable record. The question now is whether gold will continue to rise. It’s important to note that when an asset hits all-time highs, technical analysis can become a bit more challenging, and it’s crucial to consider previous support and resistance levels. Personally, I find that taking long positions at all-time highs can be risky due to the high likelihood of overbuying, so I tend to be more cautious about entering new long positions. This period is usually characterized by consolidation or mild directional moves, rather than strong breakouts. Important trends and decisive moves in Gold often emerge after the holidays, when liquidity returns and institutional positioning resumes in early January. At the moment, Gold has started to decline with the new week and is moving below the resistance zone($4,513-$4,492). From an Elliott Wave perspective, it seems that the main wave 5 may have completed at these all-time highs, and the wave patterns are clearly visible, so we can wait for correction waves. I expect that Gold may attempt to retest the support line, and if it breaks that support lines and the support zone($4,448-$4,426), it could potentially drop to around $4,393. What do you think? Will 2026 be another bullish year for gold, or should we expect a correction? I’d love to hear your thoughts! First Target: Support lines Second Target: $4,393 Stop Loss(SL): $4,529(Worst) Points may shift as the market evolves 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌 Gold Analyze (XAUUSD), 1-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
OANDA:XAUUSDShort
by pejman_zwin
9
Gold Starts 2026 with a Setup — Correction or New Rally Ahead?Wishing you all a Happy New Year 2026 in advance. First and foremost, I wish you good health — because everything starts from there. I hope your hearts feel lighter, your minds stay calm, and the new year brings many positive and meaningful moments into your lives. May most of your trades end in wins, and may the money you earn through trading be used for joy, happiness, and beautiful memories. I truly wish you a year filled with growth, peace, and reasons to smile. ------------------------------ As I previously expected, Gold( OANDA:XAUUSD ) has reached its targets (full target) and has now approached the resistance zone($4,382-$4,341). From an Elliott Wave perspective, it seems that gold has completed a wave 5 with the help of an expanding ending diagonal pattern. Additionally, we can observe a positive Regular Divergence (RD+) between two consecutive valleys. I expect that after a correction, gold will once again test theresistance zone($4,382-$4,341) and could potentially climb at least up to $4,371. If it breaks through that resistance zone($4,382-$4,341), we could see gold rising further to around $4,421. What do you think? Will gold repeat its bullish trend in 2026, or should we expect a correction? I’d love to hear your thoughts! First Target: $4,371 Second Target: $4,421 Stop Loss(SL): $4,237(Worst) Points may shift as the market evolves 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌 Gold Analyze (XAUUSD), 1-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
OANDA:XAUUSDLong
by pejman_zwin
4
LTCUSDT - Retest of the liquidity zone on a downtrendBINANCE:LTCUSDT.P is forming a local rally after breaking through resistance at 78.0. The market is bearish, but within the bullish run, the altcoin may test liquidity at 79.4 - 81.0. Bitcoin looks weak, a rebound from resistance is forming, and Friday's daily bar indicates strong bearish dominance. A fall in the flagship currency could trigger a fall in LTC after a local rally... LTC looks slightly stronger than the market. The target of such a rally may be hidden behind 79.4 - 81.0. In the current situation: global downtrend, low market liquidity, I see this as a manipulative hunt for liquidity before a decline. Resistance levels: 79.4, 81.0 Support levels: 78.0, 77.0, 75.4 A retest of this resistance cluster could end in liquidity capture and a false breakout. Consolidation below 79.4 could trigger a reversal and a decline. Best regards, R. Linda!
Short
by RLinda
11
#Banknifty Directions and Levels for December 30Good morning, friends! 🌞 Market Directions and Levels for December 30 The Dow Jones shows bullish sentiment, while the Indian market has a moderately bearish outlook. Today, the market may open neutral to slightly negative, with GIFT Nifty trading about 30 points down. What to Expect Today? The broader picture shows both Nifty and Bank Nifty in range-bound structures, which are usually tough to predict. In my view, if the market starts with gradual movement, expect consolidation within yesterday's range. On the other hand, if it forms a solid structure—either declining or bouncing back—follow it without hesitation. Let's look at the charts. Nifty > If the market declines and consolidates around the pullback zone, we can expect further correction (current view). > On the other hand, if the market opens with positive numbers or rejects at 25,905 or MPZ, expect a minimum 50% to 78% bounce back of the minor swing (alternate view).
NSE:NIFTY
by Manickamtraders
2
USD/JPY | Corrective Structure in Focus USD/JPY is approaching a sensitive inflection point as US yields drift lower and attention increasingly shifts toward potential Japanese policy normalisation. Technical Lens: After an extended advance, price action suggests USD/JPY may be completing a broader corrective structure. The current formation aligns with a potential Elliott Wave triangle, where momentum has begun to flatten rather than accelerate. This favours consolidation or a deeper pullback rather than immediate trend continuation Scenarios: If current resistance caps price → the structure supports a corrective move lower, consistent with a final triangle wave resolution. If price sustains a clean break higher → the broader uptrend remains intact, delaying the corrective phase rather than negating it. Catalysts: Japanese wage growth data Inflation persistence in Japan BOJ communication around further policy normalisation Direction of US yields Takeaway: USD/JPY remains in a broader uptrend, but near-term asymmetry favours correction over continuation as momentum flattens and macro sensitivity increases.
by Alchemy Markets
S&P 500 Hits ATH — Fake Breakout & Start of a Major Correction?The S&P 500 Index ( OANDA:SPX500USD ), as I previously expected , has begun to rise and even reached a New All-Time High($6,823). It appears that the S&P 500 Index has lost its uptrend line and is currently moving just above the resistance zone($6,930_$6,892). The key point here is that this break above the resistance zone($6,930_$6,892) hasn’t occurred with high volume, and there’s also a noticeable Regular Divergence (RD-). From an Elliott Wave perspective, it seems that the S&P 500 Index has completed main wave 5 at the new All-Time High(ATH), indicating a potential fake breakout above the resistance level. I expect that the S&P 500 Index may begin to decline and could drop at least to around $6,879, with the next target potentially filling a Runaway Gap($6,857.80_$6,850.80). What are your thoughts on the S&P 500 Index? How do you see the U.S. stock market unfolding in 2026? I’d love to hear your opinion! First Target: $6,879 Second Target: Runaway Gap($6,857.80_$6,850.80) Stop Loss(SL): $6,952 Note: A decline in the S&P 500 index could also affect Bitcoin( BINANCE:BTCUSDT )(due to Bitcoin's correlation with the S&P 500 index). 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌S&P 500 Index Analyze (SPX500USD), 1-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
OANDA:SPX500USDShort
by pejman_zwin
1
Palantir - Is the top in yet?Price has made more progress lower, but we still don't have any confirmation or additional data supporting a top. As I have repeatedly mentioned, until price can breach $176.94 at a minimum, the pattern can take us higher into the target box. I will say that I am liking the possibility of a top more and more. However, it is still too premature to officially call a top. When the volume finally returns, traders could easily push this stock higher towards the 0.786. We will just have to wait and see.
NASDAQ:PLTR
by TSuth
Gold Prep for $5,000 -- Q1 2026Based on Gold's macro Elliott Wave structure, the pending new all-time high near $5,000 is likely to unleash the most magnificently tremendous episode of bear power ever witnessed in Gold's history. The elders, boomers, OGs, etc. are likely preparing to migrate to crypto. I believe this is the quiet part that institutions and media is not saying out loud. Then again, this idea of a catalyst is totally speculation. The chart is more of a science.
OANDA:XAUUSDLong
by DigitalSurfTrading
1
Gold (XAUUSD) Scalp: Rejection at the 0.618 Golden PocketOANDA:XAUUSD Since it is the end of 2025 and Gold has just come off its all-time highs near 4,550, this pullback to the 4,327 level is a major technical event. Here is a more aggressive, Scalping-focused TradingView post with a high Risk-to-Reward ratio: ⚡️ Gold (XAUUSD) Scalp: Rejection at the 0.618 Golden Pocket Current Market Context: Gold is ending 2025 with significant volatility. After hitting record highs, we are seeing a sharp corrective phase. The 4H chart shows price action stalling at the 4,330 - 4,350 zone, which perfectly aligns with the Fibonacci 0.618 "Golden Pocket" retracement. 🎯 The Setup (High Risk/Reward) * Strategy: Bearish Rejection Scalp * Timeframe: 4H (Confirmation on 15m/30m) * Entry Price: 4,327.00 - 4,332.00 * Stop Loss (SL): 4,355.00 (Tight SL just above the 0.618 Fib line) * Take Profit (TP): 4,240.00 (Major support target) * Risk-to-Reward Ratio: ~1:3.5 🔬 Technical Catalyst: * Fibonacci Resistance: The price failed to sustain above the 0.705 (4,365) level and is now breaking below the 0.5 (4,339) level. * Bearish Momentum: Looking at the bottom oscillator, the momentum is shifting negative (-33.33 value shown), indicating that sellers are regaining control for the New Year session. * Liquidity Gap: There is a clear "void" below 4,316. A break here could lead to a rapid flush towards the 4,280 psychological level. 🚦 Execution Plan: * Conservative: Wait for a 4H candle to close below 4,320 before entering. * Aggressive: Enter at current levels (4,327) with a stop at the recent swing high (4,355). Final Note for 2025: As we approach the market close, liquidity might be thin. Expect "wicky" price action. Manage your risk accordingly! #GoldScalp #XAUUSD #TradingStrategy #PriceAction #FibonacciTrading #2026Outlook
OANDA:XAUUSDLong
by LonaGoldHunter
#MANTA [RR: 1/5] Price reversal and new growth BINANCE:MANTAUSDT There is a 5-wave cycle with an elongated 3rd wave and a corrective (protracted) 4th wave. At the moment, the asset has completed the movement of wave 5 and has shown signs of a reversal in the long direction at the 1.618 extension level. If we look at W1, we see that the volume nodes (HVN) coincide with the 0.618 Fibonacci retracement level. This adds weight to the argument that the asset has just completed wave 5. I am considering a move to HVN (0.12), which gives a risk/reward ratio of 1/5.  I do not rule out manipulative movements.
Long
by chiefdaniels