Gold Update 04NOV2025: Wave 4 Dropped Into Target AreaGold futures dropped into the pink-box target area based on the Fibonacci retracement between $3,750 and $4,000.
As expected, the RSI has reached the 50 “waterline”, where it could find some support and start moving around that level.
Many traders lose money in fourth waves, as they can be “anything” and often last longer than one’s pocket. I’ve outlined a triangle shape in wave 4 just for visual context.
The range built through the peak of wave 3 around $4,400 and the bottom of recent panic selling near $3,900 will likely contain most of the volatility in wave 4.
It can take time… testing one’s patience.
IAU
Gold Update 22OCT2025: Wave 4 Correction is in Progress Sooner or later, both overbought conditions and bearish divergence tend to play out — and we’re seeing that now.
Gold just experienced a massive and surprising sell-off, with many stop-losses triggered.
The price dropped $300 in a single day, compared to its usual $50 range.
This likely marks the start of wave 4, as expected. Price briefly touched the bottom of the uptrend channel and bounced off quickly.
However, wave 4 is rarely straightforward.
It can take many corrective forms, such as a triangle or sideways consolidation.
It also tends to be larger than wave 2 and should become clearly visible on the chart.
The target range for wave 4 remains $3,750–$4,000. While $4,000 has already been touched, the corrective structure isn’t fully formed yet.
We should wait for wave 4 to fully develop before setting any expectations for wave 5.
Gold. Long-term Elliott Wave Structure.I'm showing this beautiful weekly chart since 1971 when president Richard Nixon ended the international convertibility of the US dollar to gold. The path followed by gold since that time, is a text-book Elliott wave structure where long term wave 3 has ended. Wave 4 resides at 900 dollars per ounce.
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Gold is on its positive path, since October 2023, firmly above its 26- and 52-weeks SMA.
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🥇 Gold Futures: The Recovery After Melt In Bear HugThis publication was partially created by ChatGPT AI, under request to Offer Twenty Practical Tips On Why People Should Buy Gold.
Good or bad, y'all be the judge. But here's what ChatGPT said...
1. Gold is a stable asset that is not subject to inflation and market changes.
2. Gold can serve as a good way to protect against economic crises and political turmoil.
3. Gold is highly liquid, which means it can be easily sold at any time.
4. Gold can be used to diversify a portfolio and reduce investment risks.
5. Gold is a universal asset that is recognized and valued throughout the world.
6. Gold can be used as collateral for a loan or loan.
7. Gold can be used as a gift or legacy.
8. Gold can be a store of value that will retain its value over time.
9. Gold can be used to create jewelry, which can also serve as an investment asset.
10. Gold can be used as an indicator of economic stability and inflation.
11. Gold can be used as a means of payment or exchange.
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Gold Futures technical picture indicates on recovery after melt in bear hug, as a result of Gold prices break its 52-Week High.
$IAU - Short GoldThis is a really simple trade. Here is a weekly candle chart showing nothing but weakness. Gold failed to breakout on any time frame. Now, it is threatening two plus year support.
If the support breaks, and only if it breaks, take the short side of the ledger. Ticker: $IAU iShares Gold Trust.
Gold could present an entry for longs at 38.2% FibonacciI am using the IAU ETF as my trading instrument to represent the Gold spot market. Looking at the Fibonacci retracement starting from the 2016 low of $20.44 and extending to the August 2020 high of $39.14, we see that the top two retracement levels are in play. The 38.2% level tends to be the most common for handy support and resistance levels. We saw price action move freely at both sides of 23.6%, although recently it has acted as resistance.
Soon we could have an opportunity to go long near the 38.2% level, around $31.75. There is some way to go, but gold is falling today in what is so far a very bearish day for equities. Gold can be a good hedge if equities turn sour, especially with a backdrop of rising inflation. Whether inflation is transitory or reason for greater concern remains to be seen. With the FOMC meeting this week, risk is high. Eyes should remain on gold this week.
Gold: Head & Shoulders$XAUUSD (4 hour chart): head and shoulders pattern. I believe gold will drop to the trend line in the near future, which should provide a great buying opportunity. My target box is noted in pink.
I'm not a professional or analyst. Just seeing what I see, and sharing it with you.
$GLD $IAU $SLV $XAUUSD






















