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Xauusdanalysis

XAUUSD – Wave (4) Pullback Setting Up Wave (5) ExtensionHey Traders, Gold on the M30 chart is still holding a bullish structure, but the recent push into the upper channel line shows early signs of exhaustion. Here’s my full breakdown and trading plan: 🔍 Technical Overview Price just completed Wave (3) around 3697.40, tagging the upper trend channel – a natural profit-taking zone. The 3666–3670 range has been a key pivot/support zone multiple times; I expect a pullback into this area for Wave (4) before another rally. 3657 marks deeper support and the invalidation point for the bullish setup. If Wave (4) holds, Wave (5) targets 3720–3725. 📈 Key Levels Type Price Level Notes Resistance 3695–3700 Wave (3) top + upper channel edge – watch rejection Support (1) 3666–3670 Primary buy zone for Wave (4) Support (2) 3657 Strong support & invalidation Wave (5) TP 3720–3725 Expected Wave (5) extension target ⚙️ Trading Plan ✅ Primary Setup – Buy the Dip (Trend Continuation) Entry Zone: 3666–3670 (or a brief sweep to ~3657). Confirmation: Bullish engulfing candle, pin bar, or MACD crossover on M30. Targets: TP1: 3695–3700 (prior highs) TP2: 3720–3725 (Wave (5) projection) Stop Loss: Below ~3652. Risk/Reward: ~1:2 to 1:3 depending on entry. ⚠️ Secondary Setup – Countertrend Short Scenario: Strong rejection again at 3695–3700. Targets: 3670 → 3657. Stop Loss: Above ~3703–3707. Note: This is countertrend and higher risk – take quick profits, small position sizing. 🛡 Risk & Invalidation A close below 3656 with a break of the lower trend channel invalidates the bullish Wave (5) scenario. Always risk ≤1–1.5% per trade, wait for confirmation, and don’t chase if price runs without you. 🧭 Final Thoughts Gold remains in a bullish short-term channel. A healthy pullback into 3666–3670 could provide the perfect entry for the next Wave (5) leg up. Be patient for price action confirmation. Countertrend shorts are possible on a sharp rejection at 3695–3700, but the main play is buying the dip. Stay disciplined, trade the levels, and let the market come to you.
OANDA:XAUUSDLong
by BrianLionCapital
Intraday short position is dominant, beware of big drop#XAUUSD OANDA:XAUUSD As I analyzed with you over the weekend, although gold prices largely fluctuated at high levels last week, the overall structure remained within an upward trend. Yesterday's daily line closed with a big positive line, breaking the box-shaped oscillation in one fell swoop. This morning, gold continued its bullish trend, reaching a high of around 3689. Judging from the market trends, the overall short-term bullish trend remains unchanged, but this does not mean the end of the short position. First, the risk of chasing high prices is far greater than shorting, and the technical analysis suggests a potential correction. As the price of gold rises, the previous resistance gradually turns into short-term support. If gold wants to continue to rise, it must at least fall back to 3665-3655. Secondly, regarding the news, first, although the fourth China-US talks have not yet released any signals about tariffs, the news released by China is conducive to positive developments. Second, the court dismissed Trump's charges against Cook. Although the White House has stated that it will continue to do so, this move has effectively reduced market concerns about the independence of the Federal Reserve. From the news perspective, it is conducive to the decline of gold. Therefore, I remain optimistic about a short-term pullback in gold prices. Those without existing orders can consider continuing to short gold in batches above 3680, with a short-term target of 3665-3655. It can not only effectively raise the average price, but also occupy an advantageous position when gold experiences a sharp correction. However, it should be noted that in short trading, the number of trading lots must be strictly controlled to reduce trading risks and not let the account collapse on the eve of profit.
OANDA:XAUUSDShort
by TP-Halson
GOLD New High Record Break Gold New High on the Way! 🔥 Current Price: 3635 📈 Buy Entry Active — Target 3690 ✨ Gold is in full bullish control. ✨ Buyers pushing strongly toward new record highs. ✨ Market confidence remains unshaken. ✨ Every dip is being bought instantly. ✨ Strong fundamentals + technicals support upside. ✨ Next resistance is ready to be tested soon. ✨ A breakout above 3690 can open doors for even higher levels. ✨ This could be the start of another major rally. ⚡ Don’t wait — secure your position now before the breakout run begins!
OANDA:XAUUSDLong
by SadarExplore
23
Gold Breaks Records: Is This the Start of a New Super Cycle?Hi traders! Gold (XAU/USD) broke out strong, gaining 1.1% on September 15, 2025, to close at $3,680.80/oz after hitting a historic peak of $3,685.39/oz. Last week, gold climbed 1.6%, supported by a weaker USD (down 0.3% to a one-week low) and falling US government bond yields. The market is almost certain the Fed will cut interest rates by 0.25% on September 17, with some even anticipating a larger 0.5% move (according to the CME FedWatch Tool). Global tensions and potential gold import liberalization in China continue to fuel the rally. Let's analyze and find some trading setups! 💰 Fundamental Analysis: Gold Shines in Uncertainty 🌟 Fed Rate Cuts: US economic data from last week showed the August Consumer Price Index (CPI) rose at its fastest pace in seven months, but recent jobs data pointed to a weakening labor market. This supports the Fed’s move towards a rate cut, a first since December 2024. A lower interest rate environment weakens the US Dollar and makes non-yielding assets like gold more attractive. Geopolitical Tensions: The upcoming Fed meeting is under unusual political pressure, with leadership disputes and President Donald Trump pushing for greater influence. The US Senate is also considering allowing his economic advisor, Stephen Miran, to join the rate-setting committee to vote on September 17. Gold typically acts as a safe haven during such instability. China's Demand: Reports from last weekend suggest China may ease gold import/export rules and boost its purchasing activity. Strong official and private demand from a major consumer like China is a key driver for gold's upward momentum. Technical Analysis: Breaking Records & Finding Opportunities 📉 Gold has decisively broken above the Fibo 2.618 level and established a new all-time high (ATH). Pullbacks have been shallow, typically moving only about $10 before the rally continues. This indicates strong buying pressure, making it difficult for sellers to gain ground. We should look to buy on dips and consider selling only at key resistance levels. Resistance: $3704, $3714, $3724 Support: $3694, $3686, $3674, $3666 Trading Setups (Use Strict Risk Management): Buy Scalp: Zone: $3688 - $3686 SL: $3682 TP: $3691 - $3696 - $3701 - $3706 Buy Zone: Zone: $3667 - $3665 SL: $3657 TP: $3675 - $3685 - $3695 - $3705 - $3715 Sell Scalp: Zone: $3704 - $3706 SL: $3710 TP: $3701 - $3696 - $3691 - $3686 Sell Zone: Zone: $3724 - $3726 SL: $3734 TP: $3716 - $3706 - $3696 - $3686 - $3676 Gold is at an all-time high—be cautious of liquidity traps around the upcoming Fed news! Above $3694, the next target is a new high; below, we could test $3666. Manage your risk tightly ahead of the September 17 volatility! Will you buy the dip or sell the top? Share your strategy below! 👇 #Gold #XAUUSD #Fed #RateCuts #CPI #TradingView #MarketUpdate #Forex #Investing #TechnicalAnalysis #GoldTrading #Finance #Geopolitics #CentralBank
OANDA:XAUUSDLong
by Jeremy_NPC
XAU/USD 16 September 2025 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. As mentioned in analysis dated 04 September 2025, with respect to alternative scenario, price could potentially continue higher, is how price printed, price continued its upward trajectory printing all-time-highs. Price previously, and has now for the second time, printed a bearish CHoCH which is the first indication, but not confirmation, of bearish pullback phase initiation, however, due to the insignificant nature of the pullback, particularly relative to previous price action, I will apply discretion and not classify previous iBOS, I also have marked this in red. Price has continued with it's upward trajectory. We are now trading within an internal low and fractal high. Intraday Expectation: Price to print bearish CHoCH, which is the first indication, but not confirmation, of bearish pullback phase initiation. CHoCH positioning is denoted with a blue dotted line. Price to then trade down to either discount of internal 50% EQ, or H4 supply zone before targeting weak internal high priced at 3,697.405. Alternative scenario: Price could potentially print higher-highs. Note: The Federal Reserve’s sustained dovish stance, coupled with ongoing geopolitical uncertainties, is likely to prolong heightened volatility in the gold market. Given this elevated risk environment, traders should exercise caution and recalibrate risk management strategies to navigate potential price fluctuations effectively. Additionally, gold pricing remains sensitive to broader macroeconomic developments, including policy decisions under President Trump. Shifts in geopolitical strategy and economic directives could further amplify uncertainty, contributing to market repricing dynamics. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has continued with its bullish trajectory printing all-time-highs. Price is currently trading within and internal low and fractal high. CHoCH positioning is denoted with a blue dotted line. Intraday Expectation: Price to continue bearish, react at either M15 supply zone, or discount of 50% internal EQ before targeting weak internal high priced at 3,697.405. Alternative scenario: Price could potentially continue bullish. Note: Gold remains highly volatile amid the Federal Reserve's continued dovish stance, persistent and escalating geopolitical uncertainties. Traders should implement robust risk management strategies and remain vigilant, as price swings may become more pronounced in this elevated volatility environment. Additionally, President Trump’s recent tariff announcements are expected to further amplify market turbulence, potentially triggering sharp price fluctuations and whipsaws. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
(Fed) will cut interest rates at the upcoming meetingGold's surge today was fueled by optimism ahead of the US Federal Reserve's meeting. Investors are expecting the Fed to cut interest rates for the first time in a year, a move that typically reduces the cost of holding non-yielding gold. At the same time, the US dollar was under pressure, with the dollar index losing 0.3% to 97.3 points - the lowest since July. Since the beginning of 2025, the index has fallen more than 10%, while global gold prices have increased by more than 40%. However, analysts say the rise in gold prices is not only due to the weakening of the USD but also strong investment demand. This shows that gold is attracting great attention from investors, far beyond its role as an asset that benefits from currency fluctuations.
TVC:GOLDShort
by FalCol_TradingMaster
Trade cautiously and wait for a pullback to go longGood morning, my friends. At present, gold continues to rise, and blindly chasing more will definitely lead to huge risks. We originally planned to wait for gold to pull back before going long, but the market did not give us this opportunity. I didn't let you blindly chase the short positions yesterday. Now, are you glad that you followed my advice and didn't enter the market rashly? I know that after it hit 3675 yesterday, there must have been a lot of people shorting the market. Many brothers even held their positions until today, but found that the market did not give a good retracement point. At this time, it's even more important to avoid being manipulated by emotions and engaging in revenge trading. In the short term, the prudent approach is still to wait for gold to pull back before going long. In the short term, focus on 3675-3665. If it does not break through the pullback, you can try to go long on gold.
OANDA:XAUUSDLong
by Allen_Boswell
MARKET ANALYSIS – XAUUSD I 16 - Sep ⚙️ Current Context: - Gold has broken out of the previous downtrend and established a clear uptrend with a sequence of Higher Lows – Higher Highs. - Current price is around 3682, sitting above the short-term supply zone (3671–3685) and near the Swing VaH. - Volume Profile shows liquidity concentrated around 3650–3685, with SWING VAL 3647–3653 as a potential support zone in case of pullback. 🧭 VOLUME PROFILE & PRICE STRUCTURE 🟩 Swing VaH zone: 3685 → Short-term resistance 🔹 Supply zone: 3671–3685 → Potential profit-taking area 🟧 Swing VAL zone: 3647–3653 → Support if price pulls back 🔺 Demand zone: 3636 → Medium-term buy zone if a strong flush occurs 🎯 MAIN TRADE SCENARIOS ✅ Scenario 1: Buy Pullback around 3650–3653 📍Conditions: Price retraces into old Supply zone + Swing VAL Bullish confirmation candle (Bullish Engulfing / Pin Bar M15–M30) 🎯 Target: 3685–3700 🛑 SL: Below 3644 ✅ Scenario 2: Buy Breakout if price clears 3685 📍Conditions: H1 candle closes above Swing VaH 3685 Strong breakout volume 📌 Entry: 3686–3688 🎯 Target: 3705–3710 🛑 SL: Below 3671 ⚠️ Scenario 3: Short-term Sell if strong reaction at 3685–3690 📍Conditions: Bearish Pin Bar / Fakey (M15–M30) appears around 3685–3690 📌 Entry: 3685–3688 🎯 Target: 3655–3653 🛑 SL: Above 3695 🔁 Scenario 4: Buy around Demand Zone if price drops sharply 📍Conditions: Price falls into 3636 (Demand zone) Strong absorption (Pin Bar / Doji M30–H1) 📌 Entry: 3636–3638 🎯 Target: 3665–3680 🛑 SL: Below 3628 💬 Notes & Key Takeaways - The market is consolidating near the top, and a technical pullback may occur before further upside. - Prioritize BUY setups in line with the main uptrend; SELL only for short-term reactions with tight SL. - Strictly manage risk & always respect Stop Loss.
OANDA:XAUUSD
by TraderX_68
Gold Ready for the Next RallyOver the past few sessions, I’ve observed gold consolidating within a Symmetrical Triangle after a strong bullish move. From my experience, this pattern often represents a “pause for breath” before the market resumes its primary trend. What caught my attention most is that price has just broken above the upper boundary of the triangle, signaling a clear breakout. That said, I won’t be rushing into a trade. I always prioritize safety, so I’ll wait for price to retest the breakout zone. If the former resistance holds as new support and shows strong rejection, that will be my ideal entry point. Based on my projection, the upside target for this setup is around 3,720 USD. For risk management, I would place the stoploss either below the lower boundary of the triangle or just under the breakout zone, depending on risk appetite. On the H2 timeframe, this Symmetrical Triangle setup looks highly reliable since it aligns with the broader bullish trend. If the breakout holds, I believe gold still has plenty of room to climb higher.
OANDA:XAUUSDLong
by Kenn_Nguyen
1
Gold XAUUSD: Anticipating a Retracement for Continuation Long📊 Currently watching Gold (XAUUSD), price has been pushing aggressively higher in a strong bullish trend. However, the market is now reaching into areas of thin liquidity, appearing somewhat overextended. 🔎 I’m anticipating a potential retracement toward the 50% equilibrium level of the previous price swing. Within an ongoing uptrend, the Fibonacci 61.8% retracement often acts as a prime entry zone 🏹 for continuation trades. ⚖️ If price pulls back and establishes support, followed by a bullish break of market structure, that would provide a high-probability opportunity. If the setup fails to materialize, then there’s simply no trade — patience is key. ⚠️ Disclaimer: This is educational analysis only and not financial advice. Always manage risk appropriately.
PEPPERSTONE:XAUUSD
by fxtraderanthony
Gold's new round of upward momentum continuesGold ushered in another new round of rallies. In the early, the price slightly touched 3674, but now rebound to around 3687. For the trend, an upward move is highly likely. As we mentioned earlier, the resistance at 3700 remains, and the current upward move is a result of traders' early bets on interest rate cuts. Maybe it’s just a matter of whether the 3700 is broken today or tomorrow. However, it’s not advisable to be too aggressive in trading operations. For the downside, we can temporarily focus on the support at 3660, which is the starting point of the accelerated upward move. We can buy when the price pulls back to this level; if the pullback doesn’t present, it’s better to wait and see for now Buy 3660 - 3670 TP 3680 - 3690 - 3700 Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance
OANDA:XAUUSDLong
by CarterJordan
Gold’s Next Fibonacci Play – Watching Key Buy & Sell Zones M15Technical & Fibonacci Outlook (M15 Chart) Price has recently broken upward but is approaching resistance at 3,693–3,704. Fibo 1.5–1.618 Reaction TP Zone (3,703–3,705): Watch for potential profit-taking or minor rejection here. Fibo 2.618 Reaction – SELL ZONE (3,724–3,726, SL 3,730): A high-liquidity level where sellers may step in for a short-term reversal. M15 Fibo Reaction Zone – BUY ZONE (3,665–3,659, SL 3,645): Primary area to look for bullish continuation on dips. Mid-channel structure suggests a healthy retracement could occur before any further rally. 🟢 Trade Ideas – FranCis_Fibo Style BUY ZONE: 3,660–3,656 Stop Loss: 3,645 Take Profit: Scale out at RR 1:1 → 1:2 → 1:3, leave runners open for a potential new ATH. SELL ZONE (Short-term): 3,723–3,726 Stop Loss: 3,730 Take Profit: Target lower Fibo retracement levels (3,686 → 3,665). ⚠ Key Notes Expect volatility around Fed-related headlines—manage position sizes carefully. Watch for liquidity grabs at 3,703–3,705 before committing to directional trades. A strong bounce from the 3,665–3,659 zone would confirm bullish momentum remains intact. 💬 Discussion 📊 Will gold break through the 2.618 Fibo zone for a fresh push higher, or will sellers defend and force a deeper retracement? Share your Fibonacci levels and outlook below!
OANDA:XAUUSDLong
by FranCis-MatrixFibo
Gold (XAU/USD) –> Bullish Rectangle Pattern BreakoutHello guys! 💥Gold has been consolidating in a bullish rectangle pattern after a strong upward move. This type of pattern usually signals continuation, with price gearing up for the next leg higher. 🔹 Setup: The rectangle formed around $3680–$3690 support and resistance near $3689. A clean breakout above $3689 gives the entry signal for the continuation move. 🔹 Targets: First target: $3705 Second target: $3724 🔹 Stop Loss: Below the rectangle support ($3674–$3682) to stay protected against a false breakout. 📌 Conclusion: The bullish rectangle pattern suggests that Gold is preparing for another push higher. A breakout above 3689 opens the path first to 3705, and then to the extended target at 3724. Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:XAUUSDLong
by melikatrader94
12
Gold Near ATH – Fed Catalyst Incoming!🚀 Gold Holds Near Record Highs – Key Buy Zones Ahead of Fed Policy Shift 📰 Market Context Gold remains close to its record highs as traders brace for the U.S. Federal Reserve’s expected monetary policy easing this week. Market participants are also hunting for clues about potential rate cuts later this year. Adding fuel to the bullish sentiment, unprecedented pressure from former President Trump on the Fed—including attempts to remove Governor Lisa Cook—has become the latest catalyst. According to Goldman Sachs, this could send gold soaring toward the $5,000/oz mark over the longer term. 🔢 Technical & Fibonacci Outlook On the H1 chart, price has respected the uptrend trendline and is approaching key reaction levels: Fibo Reaction Zone – Bullish Breakout Support: Around 3,655 (potential first entry) Down Trendline Retest Zone: Around 3,624 (secondary entry for deeper pullbacks) Upper liquidity levels 3,727–3,738 mark the next reaction zone where sellers could appear. These Fibonacci levels align with prior breakout points, suggesting strong structural support. 🟢 Trade Ideas 1️⃣ BUY ZONE #1: 3,655 Stop Loss (SL): 3,645 Take Profit (TP): Risk–Reward 1:1 → 1:2 → 1:3 → Open for new ATH if momentum continues 2️⃣ BUY ZONE #2: 3,624 SL: 3,610 TP: Risk–Reward 1:1 → 1:2 → 1:3 → Open for new ATH| ⚠ Key Notes & Risk Management Monitor Fed announcements closely—volatility can spike during the policy release. Watch for liquidity grabs near 3,727–3,738; partial profits may be considered there. Always adjust your position size to account for potential whipsaws around high-impact news. This analysis is for educational and idea-sharing purposes only, not financial advice. 💬 Discussion 📊 Do you expect the Fed’s decision to fuel a breakout toward a new all-time high, or will gold face heavy profit-taking at liquidity zones? Share your perspective below!
OANDA:XAUUSDLong
by FranCis-MatrixFibo
Gold 1H – Breakout Liquidity Trap Ahead of ExpansionGold on the 1H timeframe is consolidating near 3,652 after sweeping discount liquidity and reclaiming structure. Price has tapped into the breakout zone and is now positioned between premium scalp supply and higher liquidity pools. The structure suggests engineered plays into 3,656–3,658 or deeper liquidity toward 3,672–3,674 before expansion. Discount demand remains protected at 3,614–3,612. ________________________________________ 📌 Key Structure & Liquidity Zones (1H): • 🔴 SELL ZONE 3,672 – 3,674 (SL 3,679): Premium supply pocket for engineered rejection targeting 3,660 → 3,650 → 3,640. • 🔴 SELL SCALP 3,656 – 3,658 (SL 3,663): Short-term premium sweep zone for intraday liquidity grabs targeting 3,645 → 3,640. • 🟢 BUY ZONE 3,614 – 3,612 (SL 3,607): Discount demand block aligned with bullish order flow targeting 3,630 → 3,640 → 3,655. ________________________________________ 📊 Trading Ideas (Scenario-Based): 🔻 Sell Setup – Premium Scalp Rejection • Entry: 3,656 – 3,658 • Stop Loss: 3,663 • Take Profits:  TP1: 3,645  TP2: 3,640 👉 Intraday scalp opportunity if price sweeps into shallow premium liquidity. 🔻 Sell Setup – Deeper Premium Sweep • Entry: 3,672 – 3,674 • Stop Loss: 3,679 • Take Profits:  TP1: 3,660  TP2: 3,650  TP3: 3,640 👉 Expect engineered sweep into higher premium before reversal. 🔺 Buy Setup – Discount Demand Reaction • Entry: 3,614 – 3,612 • Stop Loss: 3,607 • Take Profits:  TP1: 3,630  TP2: 3,640  TP3: 3,655 👉 High R:R play if price retraces to protected demand before expansion. ________________________________________ 🔑 Strategy Note Smart money is likely to manipulate both premium and discount zones around the breakout point. Bias favors: • Scalp sells at 3,656–3,658 • Swing sells at 3,672–3,674 • Discount buys at 3,614–3,612 Risk management is critical — expect liquidity sweeps both sides before real expansion.
OANDA:XAUUSDLong
by Ryan_TitanTrader
Complacency Before the Fall? Bulls in Control, But For How Long?Yesterday, I was debating whether last week’s consolidation was a rectangle (suggesting continuation) or, in fact, a triple top (hinting at correction). I began the session with a slightly bearish bias, but the reversal from support and the subsequent breakout above the consolidation’s resistance forced me to reevaluate. The breakout was clean, momentum followed, and the market even printed a new ATH at 3689. Unfortunately, my pending buy order wasn’t filled, so I remain flat for now—an important reminder that in trading, sometimes discipline keeps you safe, even if you miss an opportunity. Technical outlook: • Price broke above resistance, confirming bullish control. • The 3660 zone now acts as key support—any dips into that area can be treated as potential buying opportunities. • The measured target for this breakout points toward 3710, which could represent the next objective for the bulls. But here’s the psychological twist: The market feels euphoric and complacent at this moment. Historically, reversals from this type of mindset tend to be brutal. Traders get comfortable, start believing in endless uptrends, and that’s exactly when the trapdoor opens. Medium-term, I still anticipate a significant correction. Timing it is always the hardest part, but acknowledging the risk helps keep emotions under control. For now, bulls clearly hold the wheel—but they may not realize they’re driving toward a cliff. 🚀 Stay sharp, trade the trend, but don’t forget that markets punish overconfidence.
TRADENATION:XAUUSDLong
by Mihai_Iacob
21
World gold price today September 16, 2025New York manufacturing fell sharply in September, slipping into recession, according to the latest data from the New York Federal Reserve. The Empire State Manufacturing Index fell to -8.7, down from 11.9 in August and well below the forecast of -5.0. This is the first time the index has returned to negative territory since June. New orders and shipments fell sharply, inventories continued to decline slightly, while employment held steady but average hours worked fell. Input prices remained high, selling prices rose moderately and spending plans remained weak. Businesses expect conditions to improve in the coming period, but sentiment remains generally cautious. Immediately after the report was released, gold prices rebounded and then remained flat, trading around $3,642/ounce. Global markets are awaiting the Federal Open Market Committee (FOMC) meeting of the US Federal Reserve (Fed), which begins on Tuesday morning and ends on Wednesday afternoon, with a statement and press conference from Fed Chairman Jerome Powell. The FOMC is expected to deliver a 25 basis point interest rate cut, the first since November 2024.
OANDA:XAUUSDShort
by FalCol_TradingMaster
Elliott Wave Analysis XAUUSD – September 16, 2025 Momentum • D1: Momentum is currently in an uptrend, suggesting that price may continue to rise for the next 5–6 days. • H4: Momentum is turning downward, indicating the possibility of a correction today. • H1: Recently showed a bullish reversal signal, but now there are signs of weakening again. This suggests that the downward move on H1 may not yet be complete. Wave Structure • D1: Yesterday’s daily candle created a new high, which indicates that wave iv (black) has likely been completed. The market is now developing in wave v (black). • H4: Wave iv (black) is likely finished. With H4 momentum turning lower, wave 1 of wave v (black) may already be completed, and the market is now entering a corrective phase. • H1: Wave v (black) is unfolding into a 5-wave structure (green). Combined with weakening H4 momentum, there are two possible scenarios: 1. This is wave 4 (green), with a maximum correction level around 3662. 2. This is wave 2 of wave v (black – D1), with a potential correction target around 3657. Since both scenarios point to a similar price zone, we select 3662–3660 as the buy entry zone. Trading Plan • Buy Zone: 3662 – 3660 • SL: 3650 • TP: 3698
OANDA:XAUUSDLong
by WavePoint_FX
9/16: Watch Support at 3668–3652, Resistance at 3700✍️Good morning, everyone! Key Support: 3668–3656 Key Resistance: 3700 Yesterday, gold repeatedly tested the 3643–3648 resistance area. During the pullback, the trend support held, and after consolidating, the price broke through resistance strongly. The overall move was in line with expectations (if it can stay above 3643–3658, it may test around 3668 with a chance of setting new highs). After yesterday’s breakout, the price is now consolidating at high levels. Whether the bullish trend can be maintained depends mainly on support in the 3668–3656 (3648–3643) area. As long as this support holds, bulls may remain in control until tomorrow’s interest rate decision, with the possibility of testing the psychological level of 3700. During the consolidation, trading can be focused around the 3682–3662 area. If the price breaks out, selling opportunities may appear near 3692–3702, while buying opportunities can be considered around 3648–3636.
FOREXCOM:XAUUSDShort
by China_MsWang