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Gold Elliott Wave Outlook: Possible Wave 4 CorrectionGold Elliott Wave Analysis: Potential Wave 4 Correction Toward $3,650 The price of gold (XAU/USD) has recently shown signs of completing its third Elliott wave around the $3,720 region. According to Elliott Wave analysis for gold, this level may have marked the peak of Wave 3, and the market could now be setting up for a Wave 4 correction. The minimum retracement target for this corrective move appears to be in the $3,650 support zone. However, the ascending trendline remains intact, which means entering a short position prematurely—before a decisive break of the trendline—still carries significant risk. Elliott Wave Perspective In Elliott Wave theory, Wave 4 typically represents a corrective phase following the strong impulsive move of Wave 3. These corrections often retrace into previously consolidated zones, creating a buying opportunity before Wave 5 emerges. In this case, the highlighted box around $3,650 represents the most probable demand zone where buyers could step back in. The critical factors to watch on the chart are: Whether gold can hold above the rising green trendline. A confirmed breakdown would significantly increase bearish momentum. If gold fails to reclaim and sustain the $3,720 level, sellers may gain confidence and push prices lower. The $3,650 area is both a psychological and technical support, making it an ideal candidate for the bottom of Wave 4. Keywords for SEO: gold Elliott Wave analysis, wave 4 correction, gold price forecast, gold support zone, XAUUSD technical outlook, gold bearish scenario, gold trading strategy Fundamental Catalysts Supporting a Bearish Outlook While technical analysis suggests a potential drop, fundamentals also align with the possibility of a correction in gold prices. Several macroeconomic and market factors could act as catalysts for a decline from $3,720 toward $3,650. Stronger U.S. Economic Data Recent data releases from the United States have shown resilience in the economy. Stronger-than-expected GDP growth or consumer spending could push the Federal Reserve to maintain higher interest rates for longer. This hawkish outlook would support the U.S. dollar, making gold less attractive as a non-yielding asset. Rising Real Yields Gold has no yield, so its attractiveness declines when real interest rates rise. If U.S. Treasury yields continue to move higher while inflation expectations remain anchored, real yields will climb. This environment historically creates downward pressure on gold. Strength in the U.S. Dollar The U.S. dollar index (DXY) has been consolidating near higher levels. A renewed surge in the dollar would make gold more expensive for foreign buyers, limiting demand and contributing to downside pressure. Weak Physical Demand from Asia Physical demand from key gold-buying nations like China and India remains a major factor. Recent reports indicate that China’s gold imports via Hong Kong fell by nearly 39% compared to the previous month, signaling weakening appetite. This reduction in demand could remove an important support pillar for gold prices. ETF Outflows and Reduced Speculative Interest Gold ETFs and futures often amplify momentum. If speculative capital continues to exit the market, price declines could accelerate. Diminished Geopolitical Tensions Gold acts as a safe-haven asset during crises. However, if global geopolitical risks or inflation fears ease, investor demand for gold could wane, further validating a correction. Trading Strategy and Risk Management The current technical setup suggests caution. While the Elliott Wave pattern points toward a corrective move, timing the entry is crucial: A break below the green uptrend line would confirm bearish momentum and increase the probability of a decline toward $3,650. Aggressive traders may attempt to short below $3,720 resistance, but conservative traders may prefer waiting for a clean break and retest of the trendline. Risk management remains essential, as failure of the bearish scenario could lead to a renewed rally above $3,800. Conclusion: Gold Outlook for Traders Combining Elliott Wave theory with fundamental drivers, gold appears vulnerable to a Wave 4 correction. A break of the rising trendline could accelerate selling pressure, with a minimum downside target of $3,650. Strong U.S. economic data, rising real yields, weaker physical demand from China, and strength in the U.S. dollar all support this bearish outlook. Still, traders should remain flexible. Gold remains a safe-haven asset, and renewed geopolitical tensions or dovish central bank commentary could quickly reverse the bearish narrative. For now, monitoring the $3,720 resistance and the green uptrend line will be essential to confirm whether the next move is indeed a correction or just a consolidation before another rally.
OANDA:XAUUSDShort
by CakirInsights
Gold 1H – Will Gold Correction Extend Toward Discount Zones?Gold on the 1H timeframe is trading near 3,745 after repeated bearish pushes, with premium resistance clustered at 3,780–3,778 and a secondary resistance zone at 3,748–3,746. Discount demand remains positioned lower at 3,713–3,706 and deeper near 3,665. Recent CHoCH signals confirm short-term bearish pressure, suggesting engineered liquidity sweeps into resistance before potential retracements toward discount levels. Today’s headlines on renewed U.S. inflation worries and expectations of a slower Fed pivot are weighing on sentiment, while ongoing Middle East geopolitical tensions keep safe-haven demand alive. This dynamic may fuel intraday volatility, with liquidity hunts at resistance zones likely before directional clarity develops. ________________________________________ 📌 Key Structure & Liquidity Zones (1H): • 🔴 SELL GOLD LIQUIDITY 3,780–3,778 (SL 3,787): Premium resistance where sweeps may trigger rejection toward 3,760 → 3,740 → 3,730. • 🔴 SELL GOLD 3,748–3,746 (SL 3,755): Intraday resistance zone aligned with 0.5–0.618 retracement, offering downside targets at 3,730 → 3,720 → 3,715. • 🟢 BUY ZONE 3,697–3,699 (SL 3,692): Discount demand in line with liquidity magnets, with upside targets at 3,715 → 3,730 → 3,745+. ________________________________________ 📊 Trading Ideas (Scenario-Based): 🔻 Sell Setup – Liquidity Run (3,780–3,778) • Entry: 3,780–3,778 • Stop Loss: 3,787 • Take Profits:  TP1: 3,760  TP2: 3,740  TP3: 3,730 🔻 Sell Setup – Intraday Rejection (3,748–3,746) • Entry: 3,748–3,746 • Stop Loss: 3,755 • Take Profits:  TP1: 3,730  TP2: 3,720  TP3: 3,715 🔺 Buy Setup – Discount Demand (3,697–3,699) • Entry: 3,697–3,699 • Stop Loss: 3,692 • Take Profits:  TP1: 3,715  TP2: 3,730  TP3: 3,745+ ________________________________________ 🔑 Strategy Note With U.S. inflation concerns and geopolitical risks keeping gold under mixed pressure, intraday strategies should focus on fading liquidity grabs into premium resistance while being prepared to buy dips at well-defined discount demand. Expect volatility around 3,780 liquidity sweeps before corrections extend toward the 3,713–3,706 zone.
OANDA:XAUUSDShort
by Ryan_TitanTrader
1
Gold Pullback Toward 3,700 Within Ongoing UptrendHey Traders, in today's trading session we are monitoring XAUUSD (Gold) for a buying opportunity around the 3,700 zone. Gold is trading in an uptrend, with price currently correcting toward this key support/resistance level. Structure: The broader bias remains bullish, but price is retracing after recent highs. Key level in focus: 3,700 — a critical area where buyers may look to step in and resume the upward move. Fundamentals: Softer USD sentiment and steady safe-haven demand continue to favor the bullish case for Gold on dips. Trade safe, Joe.
OANDA:XAUUSDLong
by JoeChampion
3
Global news might have us Stalling on Gold! Chart Context (MGC Futures, H1/H4) Price stalled out after rejecting the H4 bearish zone (3791.4–3769.9). Yesterday’s downside move lost steam before fully reaching the deeper H4 bullish demand (3746.3–3735.2). We’re now compressing between Daily High (3792.1) and Daily Low (3752.0). Fundamentals: U.S. geopolitical/military headlines (Defense Secretary Pete Hegseth ordering hundreds of generals/admirals to an urgent meeting at Quantico, Sep 30) are creating uncertainty, which could trigger safe-haven flows in gold. Bias Going Into Friday: Watching for liquidity sweep of yesterday’s lows (~3752/DL). If swept and reclaimed, could trigger bullish continuation. Alternatively, a clean break & hold above yesterday’s high (~3792/DH) sets up momentum longs targeting 3812+ (previous imbalance). No trade in the middle of the chop — patience until liquidity is taken on one side.
COMEX_MINI:MGC1!Long
by DWoodz
Tension at the Top – Will Gold Crack the Supply Wall or Fade BacHello traders 👋 Price is hovering at 3754, just beneath a key liquidity shelf and staring straight into premium resistance. Bulls have kept structure clean, but the real test is moments away. Today’s battle is shaped between a hardened supply above and a fresh demand pocket waiting below. This is a sniper’s day — let’s map it tactically 👇 🔹 HTF Structural Zones (D1, H4, H1 – wide institutional ranges) 🟥 Supply Zone (D1 OB) → 3770–3780 The last valid bearish OB on D1, untouched since formation. This is where previous rallies failed. Imbalance + FVG inside, aligned with RSI H1 overbought. Any return here requires extreme caution for bulls. 🟦 Demand Zone (H1–H4 confluence) → 3732–3726 The last bullish reaction base before the push toward 3761. Protected by EMA 21 + 50 (Dynamic EMA Flow). Clean structure, built with absorption and demand reloading. RSI shows bullish divergence on M30. Expect reactions if tapped. ⚪ Decision Zone (Intraday Control Shelf) → 3744–3740 The zone that separates continuation from correction. Price has defended this shelf three times, making it the intraday line of control. Below it → buyers lose momentum. Above it → bulls stay in charge. 🎯 Precision Zones (Execution Focus) 🟦 Long setups only inside 3732–3726 🟥 Short setups only after rejection inside 3770–3780 ⚪ Control flips decisively in 3744–3740 🎲 Scenarios 🟢 Bullish Setup Hold above 3744–3740 → push through 3758 Sweep and close above 3761 → price targets 3770–3780 Acceptance inside OB → extension toward 3810 🟥 Bearish Setup Tap or sweep 3761, reject from 3770–3780 Reclaim 3758 → 3744 → break below decision zone Loss of 3740 opens the gate for 3732–3726, with risk of deeper dive to 3698 🗺️ Tactical Map Summary 🟦 Potential Buy Zone: 3732–3726 (discount sniper zone) 🟥 Potential Sell Zone: 3770–3780 (premium OB supply) ⚪ Decision Zone: 3744–3740 (intraday control line) 🧩 Conclusion Gold stands between two power zones. Bulls still lead, but they’re knocking at a door guarded by old supply. Today’s direction flips inside the 3744–3740 control zone. Patience is power. Wait for the reaction. Strike with confirmation. Drop your thoughts in the comments, smash the like button, and hit follow on GoldFxMinds for more daily sniper plans. Let’s keep building this edge together 🚀✨
TRADENATION:XAUUSD
by GoldFxMinds
1
XAUUSD BUY 3734Here’s a sharp TradingView idea description for your XAUUSD Buy at 3734 setup, tailored for engagement and clarity: 🟢 XAUUSD Buy Setup – Targeting Upside from 3734 Gold is showing bullish momentum after a key support retest near 3734. Price action confirms a potential reversal zone with confluence from: - 🔹 Fibonacci retracement aligning with 3734 (golden pocket zone) - 🔹 Bullish engulfing candle on 4H chart - 🔹 RSI bounce from oversold territory - 🔹 MACD crossover signaling upward momentum 📈 Trade Plan: - Entry: 3734 - Stop Loss - Take Profit Zones This setup favors a disciplined risk/reward approach. Watch for volume confirmation and news catalysts (e.g., Fed commentary or geopolitical tension) that could accelerate gold’s move.
FXOPEN:XAUUSDLong
by TradingHub_FX_crypto
The bearish trend will continue unless the price rises above3765#XAUUSD OANDA:XAUUSD Gold closed with a negative daily line, reaching a low of around 3717. If today's closing daily line falls below the MA5 moving average and touches the MA10 moving average, we need to be alert that the bears may dominate the market again tomorrow, Friday. The downward trend is still under pressure during the day, and trading is still mainly short-selling. The immediate resistance level to watch is 3748-3750, which also marks the boundary of the triangle pattern; a touch of this level could signal a short-selling opportunity. Further pay attention to the trend pressure of 3765. As long as this point is not broken, the short trend of gold will not change. Pay attention to the short-term support of 3735-3720 below. You can go long on gold if it is not broken on the first pullback.
OANDA:XAUUSDShort
by Trading-Magician_G
DXY at a Critical Juncture — What’s the Fed’s Next MoveHey Guys, I’ve put together a swing-style analysis for the DXY. This one’s been highly requested — my followers are valuable to me, and I never turn them down. DXY Daily Levels: - Resistance: 100.606 – 99.837 - Support: 96.530 – 95.902 From a fundamental perspective, the U.S. Dollar Index is currently dropping due to Fed policies. No steps are being taken to push the dollar higher. Because of this, investors are choosing gold as a safe haven instead of buying dollars. Gold keeps hitting new ATHs, and naturally, the dollar index is sliding. Unless the Fed takes action to support the dollar, this decline will continue. In short, the drop in the dollar is entirely due to the policies implemented by the Fed Chair. Remember — DXY isn’t heavily influenced by technical analysis; it’s driven by Fed policy. That said, since the index has fallen so much, I believe we might see some steps taken in the coming months to lift the dollar. I’ll be sharing updates right here.📢 Once support or resistance levels are broken, I’ll post new insights immediately. Every like from you is my biggest motivation to keep sharing these analyses. Thanks to all my friends who support me — you’re the best. ❤️
CAPITALCOM:DXY
by TraderTilki
32
Gold may bottom out and rebound, are you ready to buy?Referring to the gold trend last week, the market performance in the first three trading days of this week was basically consistent with it, and today's market also continued similar operating characteristics. The current gold price has fallen back to around 3720, which is the second test of this support area. The previous low briefly dipped below 3720 before rebounding, with gains approaching tens of dollars. From a technical perspective, this pullback is not a clear signal of a decline, but more likely a phased cleansing of bulls whose positions are not firm by the market, the so-called "washout" behavior. This type of correction helps solidify the upward momentum and creates conditions for a healthy breakout of gold prices to new highs. Regarding trading strategies, all long positions held during the day have been taken profit. I currently prefer to invest in long positions on dips, with the intention of entering a long position between 3715 and 3725. The above ideas are my personal opinions. The above ideas are personal opinions. If you have a better trading strategy, please leave a message in the comment area and let’s discuss and make progress together!
CAPITALCOM:GOLDLong
by Martin_Trading_Guide
1
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone, Quick follow-up on yesterday’s 4H chart setup. We successfully hit 3 of our projected targets and are currently consolidating within the 3778–3738 range. The bounce from the 3738 support zone (Goldturn) played out exactly as anticipated, providing solid entries. Next phase: we’ll monitor for a EMA5 cross and lock above/below either boundary to define the next actionable trading range. We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges. BULLISH TARGET 3696 - DONE EMA5 CROSS AND LOCK ABOVE 3696 WILL OPEN THE FOLLOWING BULLISH TARGETS 3738 - DONE EMA5 CROSS AND LOCK ABOVE 3738 WILL OPEN THE FOLLOWING BULLISH TARGET 3778 - DONE EMA5 CROSS AND LOCK ABOVE 3778 WILL OPEN THE FOLLOWING BULLISH TARGET 3811 - EMA5 CROSS AND LOCK ABOVE 3811 WILL OPEN THE FOLLOWING BULLISH TARGET 3845 BEARISH TARGETS 3655 EMA5 CROSS AND LOCK BELOW 3655 WILL OPEN THE FOLLOWING BEARISH TARGET 3615 EMA5 CROSS AND LOCK BELOW 3615 WILL OPEN THE FOLLOWING BEARISH TARGET 3583 EMA5 CROSS AND LOCK BELOW 3583 WILL OPEN THE SWING RANGE 3546 3509 EMA5 CROSS AND LOCK BELOW 3509 WILL OPEN THE SECONDARY SWING RANGE 3458 3409 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
2
Gold 30Min Engaged ( Bearish Reversal Entry Detected )Time Frame: 30-Minute Warfare Entry Protocol: Only after volume-verified breakout 🩸Bearish Reversal : 3746 ➗ Hanzo Protocol: Volume-Tiered Entry Authority ➕ Zone Activated: Dynamic market pressure detected. The level isn’t just price — it’s a memory of where they moved size. Volume is rising beneath the surface — not noise, but preparation. 🔥 Tactical Note: We wait for the energy signature — when volume betrays intention. The trap gets set. The weak follow. We execute.
TVC:GOLDShort
by Path_Of_Hanzo
8
TraderTilki Gold Play: Double Sell, One TargetGood morning, Traders Back again with my gold analysis. Right now, gold has a clear target at 3700. It’ll either reach it straight from the 3736 level, or after a move up to 3768. I’m opening a sell from here, aiming for 3700. If price pushes up to 3768, I’ll open another sell there—same target, 3700. Gold will absolutely hit 3700. Once it does, I’ll update you again. My friends, every single like from you is my biggest motivation to keep sharing these analyses. Huge thanks to all of you who support me with your likes.
OANDA:XAUUSDShort
by TraderTilki
13
GOLD → Will the correction continue, or is it time for growth?FX:XAUUSD is inside a descending channel—corrections within a global bullish trend. The price is forming a retest of resistance, and the market's reaction to the 3760 zone will give further insight into price movement... Gold is consolidating in the range of 3730-3790 in anticipation of US economic data and speeches by Fed officials. Pressure on the metal is intensifying due to revised expectations for rate cuts and a correction in the dollar... Key factors: Markets have reduced expectations for easing to 43 bps by the end of the year after cautious comments from the Fed. The dollar index has reached a 9-day high, limiting gold's growth. Tensions between Russia and NATO are preventing gold from falling. The market is in wait-and-see mode ahead of tomorrow's PCE data. Strong data today will strengthen the dollar and reinforce the correction in the metal, while escalating geopolitics will bring back demand for safe havens. Resistance levels: 3760, 3776, 3791 Support levels: 3752, 3741, 3731 Technically, the market is testing downward resistance. Since the opening of the session, the price has already moved a lot and there may not be enough potential for an initial breakout. I expect a pullback to 3745-3740, and if the bulls return the price to 3760, the market will have a chance to break through resistance and continue growing towards the resistance level of the range. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
16
GOLD – Dollar Strength Weighs as Market Awaits PCE DataGOLD – Overview Gold eased in early trading as a stronger U.S. dollar weighed on prices after Fed Chair Jerome Powell struck a cautious tone on further rate cuts in his Tuesday speech. Looking ahead, Friday’s U.S. PCE inflation data will be key—softer numbers could revive expectations for additional monetary easing and help gold reclaim recent highs. Technical View Gold is stabilizing below the pivot line at 3,770, keeping short-term pressure on the downside. Bearish Scenario: As long as price trades below 3,770, the metal is likely to continue its bearish correction toward 3,754 → 3,739. A confirmed 15-min close below 3,739 would open the way to deeper support at 3,714. Bullish Scenario: A confirmed 1H close above 3,787 would invalidate the correction and signal a push toward 3,801 → 3,807. Key Levels Pivot: 3,770 Resistance: 3,780 – 3,800 – 3,806 Support: 3,754 – 3,739 – 3,714
OANDA:XAUUSDShort
by SroshMayi
The trend has not changed, continue to shortAfter yesterday's high-level fluctuations, gold prices retreated significantly in the US market due to news, hitting a low near 3717. Yesterday's daily gold price closed in the red, with the MA5 moving average near 3735. If today's daily closing price falls below the MA5 and reaches the MA10, bears will regain control of the market. Looking at the 4-hour Bollinger Bands, after breaking below the middle line, the price has fluctuated, briefly stabilizing near 3735. Currently, it is consolidating sideways, but if the European/US session breaks below 3735-3720, further declines to 3710-3700 are possible. The short-term downward trend is still under pressure and the market is in a weak state. Therefore, intraday gold trading is still mainly short selling, with long buying as an auxiliary. The main pressure range above is 3750-3765. If the rebound touches the upper resistance range without breaking it, you can continue to short gold. The short-term support is at 3735-3720 below. If it falls back but does not break through, you can go long with a light position. Strong support focuses on the previous top and bottom conversion of 3710-3700.
OANDA:XAUUSDShort
by Allen_Boswell
Gold (XAUUSD) – Technical Outlook 🔴Bearish Scenario (Downtrend) *Pivot Level: 3759 * If price trades below 3759, downside momentum may develop. * 🎯 First target: 3736 (key support) * If 3736 breaks strongly → continuation lower. * 🎯 Second target: 3700 🟢Bullish Scenario (Uptrend) * If price holds above 3759, upside momentum is likely. * 🎯 First target: 3791 (previous major high) * If 3791 breaks with strength → full bullish continuation. * 🎯 Next upside targets: 3810 → 3830
OANDA:XAUUSD
by EvarMayi
Do I need to close the long gold position I bought at 3740?The instruction was issued an hour ago. The text clearly explains the buying bullish operation idea, which is to go long based on the signal that the gold price breaks through the short-term resistance level of $3,740. Based on the current market price, long orders entered at $3,740 have achieved an increase of approximately $10. For investors with more conservative risk appetite, they may consider partially reducing their positions or taking profits. I plan to hold my current position. The gold price will face the next key pressure level of $3,760 in the future. If it breaks through effectively, it is expected to rise further. Specific operations will be adjusted dynamically according to market trends to maintain flexibility. I'd be honored if you agree with this idea! If you have your own opinions, please leave a comment in the comment section. I look forward to seeing your ideas and sharing them with you!
CAPITALCOM:GOLDLong
by Martin_Trading_Guide
Gold - Wave 2 of 5 (1H Forecast)🚀 Gold 1H Forecast – Wave 5 Loading? 🥇✨ Alright traders, let’s decode this chart 👇 🔭 Bigger Picture We’re cruising inside a clean ascending channel 📈. Wave count shows we’re gearing up for the final push (Wave 5) after a solid corrective move. Price just bounced off that 3,711–3,720 support pocket like a trampoline 🏀. 📉 The Pullback The corrective ABC move (a–b–c) tapped into demand perfectly. Liquidity trend got cleaned up — stops swept, weak hands shaken 😮‍💨. That bounce birthed sub-wave (i), with (ii) retracing right into support (chef’s kiss setup 👌). 🚀 The Next Impulse Expectation: (iii) blast up into the 3,850s zone 💥 Shallow (iv) pullback (quick snack stop 🍔) Then a final (v) rocket toward the 3,870–3,880 resistance 🎯. ⚡ Key Levels Support : 3,711 → hold this = liftoff. Resistance : 3,857–3,870 supply wall = Wave 5 target. If support cracks, deeper discount levels below 3,677 open up. 🕳 🎯 Play Idea Bias = Bullish (Wave 5 still in play). Look for entries on pullbacks above 3,711 support. Eye profit taking near 3,857–3,870 zone. 📌 Summary: Gold just reloaded at demand, structure screams Wave 5, and momentum’s cooking. Don’t chase green candles — let it dip, then ride the impulse 🚀.
TVC:GOLDLong
by jamesibartram
Gold (XAU/USD) Intraday Analysis – September 25, 2025 (H1)Market Overview: Gold recently experienced a strong bullish breakout from the previous consolidation zone around 3,640 – 3,700. The upward momentum pushed prices toward the 3,780 resistance area, where the market is currently forming a corrective phase. The H1 chart shows a potential ABC corrective pattern: Wave A indicates the initial pullback from the recent highs. Wave B marks a likely support around 3,730 – 3,720, a key intraday demand zone. Wave C projects a continuation toward the resistance zone near 3,780 – 3,790, completing the correction. - Key Levels to Watch: Support Zone (B): 3,720 – 3,730. Strong intraday buyers are expected here, confirmed by volume clusters in previous sessions. Resistance Zone (C): 3,780 – 3,790. Price may face significant selling pressure; a breakout above this level could extend the bullish trend. Intermediate Pivot: 3,752 – 3,755. Watch for short-term reversals or consolidation around this level. - Long Opportunity: Enter near 3,725 – 3,730 if the market shows bullish reversal signals (pin bars, bullish engulfing, or EMA bounce). Target 3,780 – 3,785 with a stop-loss below 3,715. Short-Term Scalps: If price struggles near 3,760, consider scalps targeting 3,730 – 3,735 with tight stops above 3,765. Trend Confirmation: EMA crossovers (H1) and RSI above 50 confirm bullish continuation. RSI approaching overbought (~70) may indicate short-term pullback or consolidation. - Insight: Gold is at a delicate corrective stage. Confirmed reversal signals at support (B) will likely trigger a strong wave C toward resistance. Traders should remain patient, respecting intraday volatility and waiting for clear confirmation before entering trades.
OANDA:XAUUSD
by Henrybillion
Gold Roadmap| Short-termGold ( OANDA:XAUUSD ) has been surprising everyone in the last few weeks, making new All-Time Highs(ATHs) every day. Let me start by saying that this is a short-term analysis on a 15-minute time frame . Technical analysis generally works worse when assets are creating ATHs . One reason for this is that there is no past history . Gold has started to correct after the formation of the last All-Time High(ATH=$3,791.55) . In terms of Elliott Wave theory , given the bullish momentum of Gold , it seems that the main wave 3 has been completed, and we should wait for the main wave 4 . It seems that the main wave 4 can be completed with a Zigzag Correction(5-3-5) . I expect Gold to continue its downward trend to the Support zone($3,738-$3,723) , and then if we find a trigger for a Long position , we can ride the bullish wave of Gold again . Note: If the Resistance lines are broken, we can expect a new All-Time High. Note: If the Support zone($3,738-$3,723) is broken, we can expect a deeper correction. Please respect each other's ideas and express them politely if you agree or disagree. Gold Analyze (XAUUSD), 15-minute time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSD
by pejman_zwin
10