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Xauusdwave

Elliott Wave Analysis – XAUUSD July 25, 2025📊 ________________________________________ 🔍 Momentum Analysis • D1 Timeframe: Momentum is declining. Based on the current pace, it’s likely that only 1–2 more daily candles are needed before momentum enters the oversold zone → suggesting one more potential downward leg. • H4 Timeframe: Momentum is about to turn bearish, indicating we might see a sideways movement or a slight drop in the short term. • H1 Timeframe: Momentum is currently falling. By the end of the current H1 candle, momentum will likely enter the oversold zone → potential for a bullish reversal soon. ________________________________________ 🌀 Elliott Wave Structure • A clear 5-wave Wave A has already formed with no irregular patterns, so I’m expecting Wave B (black) to unfold as a 3-wave structure. • Within this black Wave B, price is now developing Wave B (blue), meaning Wave A (blue) has already completed. Looking at the lower timeframe, I can identify a 5-wave structure → suggesting a zigzag correction in the form of 5-3-5 for black Wave B. • Target for Wave B (blue): The 3360 area – this is a support level and also aligns with Fibonacci confluence, making it a strong candidate for the end of Wave B (blue) and a potential reversal zone. • If price respects the 3360 level, then projected targets for Wave C (blue) would be around 3386 or 3402. • However, if price breaks below 3351, the current wave count becomes invalid. In that case, we will shift to an alternate scenario and look for a buy opportunity near the lower edge of the triangle (c)-(e) and other confluence support zones. ________________________________________ 🔄 Combining Momentum & Wave Structure • D1 momentum shows weakening in this downward move, and the lower boundary of the triangle (c)-(e) is a prime area to look for the end of Wave e. • Ideally, we want to see: o A short-term bounce upward aligning with H1 momentum reversal to complete Wave C (blue). o Then a confluence with H4 momentum turning bearish, indicating possible trend continuation or reversal. ________________________________________ 📌 Trade Plan • For experienced traders: Watch closely around 3385 and 3401 for reversal signals to enter Sell positions. • For beginners, I recommend the following limit setup: o SELL ZONE: 3399 – 3402 o SL: 3501 o TP1: 3374 o TP2: 3351
OANDA:XAUUSDShort
by WavePoint_FX
Gold (XAU/USD) 4-Hour Technical Analysis Report - 25 July 2025 📌 Market Context & Sentiment Overview The gold market is currently trading in a state of technical compression, with the price hovering just beneath the mid-3360s. After a significant rally earlier in the month, the recent sessions have seen price action coiling within a tight ascending triangle—a classic pattern known to precede breakouts. According to recent publications by FXEmpire, FXStreet, and Investing.com, sentiment remains moderately bullish. Analysts point to strong institutional demand near the 3320–3330 zone, while also warning of resistance pressures near the 3380–3390 zone. These insights align with our technical findings, which suggest a developing structure with increasing breakout potential. 📊 Technical Structure Analysis (4-Hour Timeframe) 🔹 Price Action & Structural Patterns The prevailing structure is a rising triangle anchored between support at 3320 and resistance near 3380–3390. Price has been forming higher lows, indicative of underlying buying pressure, while simultaneously facing resistance at increasingly frequent tests of the upper band. The contraction of candlestick bodies and volume confirms the presence of a coiling market—hinting at an imminent directional move. The presence of upper-wick rejections near 3380 signals seller interest, while long-tailed candles at 3330 underscore buyer defense of the rising trendline. This dynamic equilibrium is the hallmark of a triangle formation nearing completion. 🔹 Support & Resistance Levels Our analysis identifies the following zones as technically significant: Key Support (Buy Zones): 3320–3330: This zone hosts a major bullish order block, 8/21 EMAs, and the lower trendline of the rising triangle. It is further supported by the 61.8% Fibonacci retracement drawn from the 3300 low to the 3390 swing high. 3300–3310: A psychological level and previous 4-hour swing low. Acts as a secondary defense level. Key Resistance (Sell Zones): 3380–3390: Triangle resistance, aligned with the 50 EMA and a bearish order block. 3440–3450: An upper extension zone if breakout materializes, noted in external institutional outlooks. 🔹 Volume, VWAP & Institutional Concepts Volume has notably contracted, a classical feature of triangle formations, with most trading volume aggregating at the mid-point (~3345–3355). VWAP sits just below the current price, reflecting mean reversion tendencies. Furthermore, liquidity pockets are observed just beneath 3320, suggesting potential for liquidity grabs before a bullish reversal. From a Smart Money lens: A bullish order block has formed near 3320–3330. A bearish OB and resistance cap prices around 3380. A small Fair Value Gap (FVG) lies around 3340–3350, acting as a potential price magnet. 🔹 Indicators & Oscillators Moving Averages: The 8/21 EMA cluster lies just below current price, offering dynamic support. MACD: Negative but converging—suggesting bearish momentum may be waning. ADX: Reading ~40, indicating a trending market, though momentum has slightly slowed. RSI: Hovering near 35–40, close to oversold; signals potential bounce. Stochastics & CCI: Both deeply negative—supporting the case for a mean-reverting move. 🎯 Strategic Buying & Selling Zones ✅ High-Probability Buy Zones 3320–3330: Rationale: Confluence of bullish OB, rising trendline, EMAs, and Fib 61.8%. Confidence: High (★ ★ ★) 3300–3310 (buffer zone): Rationale: Psychological and historical swing low support. Confidence: Moderate ❌ High-Probability Sell Zones 3380–3390: Rationale: Triangle resistance, prior highs, and bearish OB presence. Confidence: High 3440–3450: Rationale: Post-breakout measured move target and potential take-profit zone. Confidence: Moderate 🏆 The Golden Setup: High-Conviction Trade Idea Direction: Long Entry: 3325 Stop Loss: 3300 Take Profit: 3390 Confidence Level: ★ ★ ★ (High) 🔍 Justification This setup takes advantage of the strongest structural support within the triangle—centered around 3325. This level is reinforced by the 61.8% Fibonacci retracement, bullish order block activity, and EMA compression, all coalescing with the triangle’s rising support line. Indicators are turning from oversold, and the volume profile suggests that institutional players may look to engineer a liquidity sweep under 3330 before a continuation push to test the 3380 resistance. The reward-to-risk ratio is favorable, and the setup offers clear invalidation with a tight stop at 3300. Should momentum continue post-breakout, a secondary TP could be explored at 3440. However, for the purpose of tactical execution, 3390 is a strategically sound exit point. 🧠 Sentiment Cross-Check & Market Alignment External sentiment and professional forecasts support the underlying thesis of a bullish breakout, pending confirmation. TradingView’s top technical authors emphasize the breakout of this ascending triangle toward 3440+, while Investing.com’s shorter-term signals reflect bearish pressure that aligns with our buy-the-dip strategy. This synthesis of internal and external analysis increases our conviction in a long-biased tactical approach from the current support zone. ✅ Summary Table Buy Zones Sell Zones Golden Setup 3320–3330 (primary) 3380–3390 (primary) Direction: Long 3300–3310 (buffer) 3440–3450 (extension) Entry: 3325 Stop Loss: 3300 Take Profit: 3390 Confidence Level: ★ ★ ★ (High) 🔚 Final Thoughts Gold’s current price structure presents a rare opportunity—one defined by tight consolidation, structural clarity, and institutional footprints. As the market coils within a classic triangle, the 3320–3330 zone emerges as a high-probability springboard for long positions. With precise risk management and a disciplined approach, this setup offers traders a compelling entry with defined technical boundaries. The golden rule now: Respect structure. React to confluence. Trade with conviction.
OANDA:XAUUSD
by Tami512
Elliott Wave Analysis – XAUUSD July 24, 2025📊 ________________________________________ 🔍 Momentum Analysis: • D1 Timeframe: Momentum is currently in a downtrend, indicating that the dominant trend in the short term (at least until early next week) is likely to remain bearish or sideways. • H4 Timeframe: Momentum has entered the oversold zone and is showing signs of a potential bullish reversal. This suggests that a corrective upward move may occur today. • H1 Timeframe: Momentum is still declining and is expected to need around two more H1 candles before entering the oversold zone, implying that one more leg down may occur before a recovery begins. ________________________________________ 🌀 Elliott Wave Structure Update: Yesterday’s expectation of a breakout above the resistance zone at 3453 to confirm the start of a new bullish trend did not materialize. Instead, price dropped to the 3374 region, opening up two primary scenarios: ✅ Scenario 1: The correction is still unfolding • Wave (d) in blue appears to be complete. • The current leg is likely wave (e), the final leg in a contracting triangle correction. • In this case, the lower boundary of the triangle and overlapping support zones will serve as key levels to watch for the completion of wave (e). ✅ Scenario 2: Wave 1 of a new bullish trend has completed • The current decline is wave 2 in a new bullish impulsive sequence. • The objective here is to identify the bottom of wave 2 to prepare for a potential buy entry into wave 3, which is expected to be stronger and longer than wave 1. 📌 Key difference between the two scenarios: • Scenario 1 → Wave (e) completes, followed by wave 1 of wave 5. • Scenario 2 → Wave 2 completes, followed by a powerful wave 3 of wave 5. ________________________________________ 🧩 Current Wave Structure: • A five-wave bearish structure is currently unfolding on the chart. • According to Elliott Wave Theory, corrective patterns do not typically form five-wave structures. • Therefore, this is likely wave A in a zigzag (5-3-5) formation. • Possible targets for wave 5 within wave A: o Target 1: 3374 – current reaction zone. o Target 2: 3360 – next significant support level. ________________________________________ 📌 Combining Wave Structure with Momentum: The D1 momentum is firmly bearish, reinforcing the view that the market is undergoing a larger ABC correction. On the H4 timeframe, momentum is oversold and showing early signs of reversal, aligning with the potential formation of wave B — typically a weak, sideways upward move. The likely resistance zone for the end of wave B lies between 3401 and 3410. Meanwhile, H1 momentum is still falling and not yet in the oversold zone, suggesting there may be one more move down to complete wave 5. The ideal target for this final leg is around 3360. Summary: • D1 bearish → confirms ongoing major correction. • H4 oversold → supports a potential weak wave B. • H1 still declining → wave 5 may complete around 3360 before a recovery begins. ________________________________________ 💼 Suggested Trading Plan: For traders with limited experience or those not yet confident in reading live market signals, a Buy Limit strategy at clear support levels is recommended: • Buy Zone: 3362 – 3360 • Stop Loss: 3352 • Take Profit: o TP1: 3384 o TP2: 3400 🎯 For experienced traders, it is advised to observe price action at the target support zones and look for real-time reversal signals to optimize entry timing.
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD July 23, 2025________________________________________ 🔍 Momentum Analysis: • D1 Timeframe: Daily momentum is showing signs of a potential bearish reversal. We need to wait for today’s daily candle to close to confirm this. It signals that the bullish momentum is weakening. • H4 Timeframe: Momentum is turning down. It may take around 2 more bearish H4 candles to push momentum into the oversold zone → suggesting continued downside movement today. • H1 Timeframe: Momentum is already in the oversold zone and the indicators are “clinging” together → implying possible continued minor declines or sideways movement. ________________________________________ 🌀 Elliott Wave Structure Update: • On the H1 chart, a 5-wave structure (yellow) is unfolding. o Wave 3 (yellow) appears completed, supported by a clear 5-wave internal structure in blue. o The market is currently in Wave 4 (yellow) – a corrective move. 🔸 Potential Wave 4 (yellow) targets: • Target zone 1: Around 3412 • Target zone 2: Around 3402 📌 Once Wave 4 (yellow) completes, we anticipate the market will form Wave 5 (yellow). 🔸 Projected Wave 5 (yellow) targets: • TP1: 3461 • TP2: 3492 (in case of an extension) ________________________________________ 🔄 Combining Momentum & Wave Structure: • The potential bearish reversal in D1 momentum suggests the current bullish trend may be nearing its end – consistent with Wave 5 being the final push before a broader correction. • H4 and H1 momentum support the ongoing correction in Wave 4. ✅ Wave 4 typically takes the form of a zigzag, flat, or triangle → Wait for a strong bullish H1 candle to confirm the end of Wave 4 and initiate a buy entry. ________________________________________ 📊 Trade Plan: 🟩 Buy Zone 1: • BUY ZONE: 3414 – 3412 • SL: 3407 • TP1: 3439 • TP2: 3461 • TP3: 3492 🟩 Buy Zone 2: • BUY ZONE: 3403 – 3401 • SL: 3393 • TP1: 3439 • TP2: 3461 • TP3: 3492
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD | July 22, 2025 🔍 Momentum Overview • D1 timeframe: Momentum has entered the overbought zone, signaling a potential reversal within the next 1–2 sessions. That said, the current bullish leg may still extend — it’s important to wait for tomorrow’s D1 candle close for confirmation. Entering overbought territory is a warning that upside momentum is weakening. • H4 timeframe: Momentum is currently declining. Unless a strong bullish candle closes above 3391 to trigger a reversal, the price is likely to continue moving sideways or downward today. • H1 timeframe: There are signs of a bullish reversal. If the price holds above 3385 and posts a strong breakout candle above 3391, it could present a short-term buying opportunity. 🌀 Elliott Wave Structure Update • Price is consolidating within the 3390 – 3402 range — a key zone to monitor closely. • The 3380 level is a critical threshold, aligned with the 0.382 Fibonacci retracement of Wave (3). A daily close below this level would raise the possibility that the move is part of a correction rather than Wave 4. • A flat ABC correction is currently unfolding, with the 1.618 extension of Wave A already reached at 3385. • If price breaks below 3360, it would overlap with the previous Wave 1, invalidating the current impulsive wave count. In that case, we should consider the potential continuation of a larger abcde triangle correction. 🔗 Momentum & Wave Structure Combined • H1 is showing early signs of a bullish reversal, but H4 momentum remains bearish. Without a strong breakout candle above 3391, price is likely to drift sideways or lower until H4 reaches the oversold zone. • Conservative approach: Wait for H4 to enter oversold territory before considering any long positions. • The ideal buy setup would be a bullish reaction from the 3382 – 3380 zone. 📈 Trade Setup • Buy Zone: 3382 – 3380 • Stop Loss: 3372 • Take Profit 1: 3402 • Take Profit 2: 3412 • Take Profit 3: 3428
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD July 17, 2025 🔍 Momentum Analysis D1 timeframe: Momentum is still trending downward, but we’re starting to see signs of convergence between the indicator lines. Normally, we would expect another two daily candles to reach the oversold zone and trigger a potential reversal. However, with the current narrowing pattern, we cannot rule out the possibility of an earlier reversal. Today’s daily close will be crucial for confirmation. H4 timeframe: Momentum is clearly declining, suggesting that the market may either continue downwards or consolidate sideways throughout the day. 🌀 Elliott Wave Structure On the H4 chart, price action is compressing tightly at the end of a symmetrical triangle pattern – a classic setup in Elliott Wave theory. Notably, this final point of compression coincides with the POC (Point of Control), indicating a key price level where high volume has accumulated. Wave W (in black) follows a 3-wave structure. Yesterday, price surged to the beginning of wave W and then sharply reversed, forming the basis for two potential scenarios: Scenario 1 – WXY structure with current price completing wave Y within wave e (green): + Target 1: 3327 + Target 2: 3303 Scenario 2 – Wave e (green) evolves into a triangle: + In this case, price may consolidate sideways above the 3327 zone. 🔗 Combining Wave and Momentum Analysis Both D1 and H4 momentum indicators are still pointing downward. However, the price candles appear overlapping and lack clear directional strength – a common trait of compression near the triangle’s apex. With price sitting right on the POC, there’s a high chance of continued tightening before a breakout. At this stage, the recommended strategy is to wait for a strong bullish candle at one of the target zones before entering a BUY position. 📈 Trade Setup ✅ Scenario 1 – BUY at 3327 – 3326 + Stop Loss: 3317 + Take Profit 1: 3342 + Take Profit 2: 3358 + Take Profit 3: 3402 ✅ Scenario 2 – BUY at 3305 – 3302 + Stop Loss: 3295 + Take Profit 1: 3327 + Take Profit 2: 3358 + Take Profit 3: 3402
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD | July 21, 2025 🔍 Momentum Analysis - D1 Timeframe: Momentum is currently rising → the dominant trend over the next 3 days is likely to remain bullish. - H4 Timeframe: Momentum is approaching the oversold area → just one more bearish H4 candle could complete the entry into oversold territory. - H1 Timeframe: Momentum is about to reverse downward → suggesting a short-term corrective pullback in the current session. 🌀 Elliott Wave Structure Update On the H4 chart, price continues to consolidate within a corrective triangle structure. According to our previous plan, price approached the 3358 zone, and we expect: - Wave 1 (black) may have completed at the 3358 high. - Currently, Wave 2 (black) is likely unfolding: + Wave A appears to have completed. + The current upward leg is part of Wave B. + A final drop in Wave C is expected, with two key target zones: - Target 1: 3342 - Target 2: 3332 🔎 Combining Momentum & Wave Structure - If price breaks above 3358, we want to see a sharp, impulsive, and steep rally to confirm the beginning of Wave 3. - If price movement remains choppy or overlapping, the market is likely still in a corrective phase. - Key resistance zone to monitor: 3390–3402 – a clean breakout above this range would significantly strengthen the Wave 3 scenario. 📌 Trade Plan 1️⃣ BUY Setup #1 Entry Zone: 3343 – 3341 Stop Loss: 3337 Take Profit 1: 3358 Take Profit 2: 3390 2️⃣ BUY Setup #2 Entry Zone: 3333 – 3331 Stop Loss: 3323 Take Profit 1: 3358 Take Profit 2: 3390 📎 Note: Prioritize entries that come with clear confirmation signals from price action and momentum. Avoid buying during choppy or indecisive market conditions.
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD July 18, 2025📈 Elliott Wave Analysis – XAUUSD July 18, 2025 🔍 Momentum Analysis D1 Timeframe: Momentum is showing signs of a bullish reversal. While we need to wait for today's D1 candle to close for confirmation, it's likely that yesterday’s upward move marks Wave 1, signaling the beginning of a new bullish trend. H4 Timeframe: Momentum is preparing for a bearish reversal → suggesting a potential corrective pullback, likely forming Wave 2. H1 Timeframe: Momentum is about to reverse upward → supporting the expectation of a short-term bullish move during the current session. 🌀 Elliott Wave Structure Update On the H4 chart, the abcde triangle correction structure remains largely unchanged. However, a strong H4 bullish candle appeared yesterday, indicating unusual market behavior that deserves attention. There are two main scenarios: - Wave 1 (black) has already completed, and the market is now entering Wave 2 correction. - Alternatively, the current movement could be Wave 4 within Wave 1 (black). 🔎 Combining Momentum & Wave Structure - With D1 momentum signaling a potential uptrend lasting the next 4–5 days, it suggests that Wave e (blue) may have completed. - This opens the door for an impulsive 5-wave advance. Specifically: + If H1 continues its bullish reversal, the current move could be Wave 5 of Wave 1 (black), targeting the 3358 level. + Afterwards, a retracement toward the 3330–3323 zone would form Wave 2 (black). + Alternatively, price might drop directly to 3330–3323, implying Wave 1 has already finished and the current move is Wave 2. 🎯 => Both scenarios converge at the 3330–3323 price zone, making it a high-probability BUY ZONE. 🧭 Trade Plan BUY ZONE: 3330 – 3327 Stop Loss: 3320 Take Profits: TP1: 3342 TP2: 3358 TP3: 3402 📌 Note: Since this is a relatively wide entry zone, it's best to wait for price action confirmation at this level before entering.
OANDA:XAUUSDLong
by WavePoint_FX
Gold’s Last Stand? Major Retest at 3310–3300 Under the influence of negative news, gold today fell below the recent low of 3320 and continued to fall to around 3310. The current gold structure looks particularly obvious, the center of gravity of gold gradually moves downward, and the short trend is extremely obvious; however, as gold repeatedly probes the 3320-3310 area, we can clearly see the resistance of gold to falling, and multiple structural supports are concentrated in the 3320-3300 area. So as long as gold does not fall below this area, gold bulls still have the potential to rebound. However, for now, after experiencing discontinuous sharp rises and falls, gold needs to undergo a short-term technical repair, so it may be difficult for a unilateral trend to appear in the short term. So I have reason to believe that gold will focus on rectification and repair next. The important resistance area we have to pay attention to above is in the 3340-3350 area; and the important support below is in the 3310-3300 area. Currently, gold is fluctuating in a narrow range around 3340, and the short-term rebound momentum is sufficient, but I still believe that gold will fall back again and test the support of 3320-3300 area after consuming the bullish energy. So for short-term trading, first of all, I advocate shorting gold in the 3340-3350 area, and expect gold to retreat to the 3320-3300 area during the consolidation process.
OANDA:XAUUSDShort
by Trading_Steffen
3340-3300: Lock in the buy high and sell low in this area!Under the influence of unemployment benefits and zero monthly sales data, gold fell sharply in the short term, but it did not effectively fall below 3310 during multiple tests, effectively curbing the further downward space of the shorts. Multiple structural supports are also concentrated in the 3310-3300 area, so as long as gold does not fall below this area, gold bulls still have the potential to rebound. However, for the current gold market, it may be difficult to see a unilateral trend in the short term. After experiencing discontinuous surges and plunges, gold may focus on consolidation and repair, and the consolidation range may be limited to the 3340-3300 area. So for short-term trading, first of all, I advocate going long on gold in the 3320-3310 area, and expect gold to rebound and reach the 3330-3340 area; If gold reaches the 3335-3345 area as expected, we can start to consider shorting gold, and expect gold to step back to the 3320-3310 area during the shock and rectification process.
OANDA:XAUUSDShort
by Trading_Steffen
Elliott Wave Analysis – XAUUSD July 16, 2025🔄 Momentum Analysis D1 timeframe: Momentum is currently reversing to the downside, suggesting that the price may continue to decline or move sideways in the short term. H4 timeframe: Momentum is rising, indicating that the current recovery may continue. The next resistance zones to watch are 3342 and 3358. 🌀 Elliott Wave Structure At present, price action is being compressed within a contracting triangle corrective pattern, with its range narrowing further—signaling market consolidation. We should closely monitor for signs of a breakout that could end this correction. Based on the current wave structure, it is expected that wave d (green) has completed, and the current downward move is likely part of wave e (green). The trading strategy focuses on waiting for the price to approach the lower boundary of the triangle—drawn from the low of wave a to the low of wave c—looking for confluent support areas near this trendline to identify a potential BUY opportunity. 🎯 Target & Trade Plan BUY ZONE: 3303 – 3300 Stop Loss (SL): 3290 Take Profits (TP): - TP1: 3327 - TP2: 3358 - TP3: 3402
OANDA:XAUUSDLong
by WavePoint_FX
7/16: Will Gold Reclaim 3350 or Fall to 3250?During today’s session, gold briefly broke through the 3352–3358 resistance zone, but due to news-driven pressure during the pullback, bullish momentum weakened, and the price retreated to the MA60 support level on the daily chart. Given the significant retracement, there is a possibility that a short-term bottom may form during the upcoming Asian session, potentially leading to a retest of the 3337-3343/3352-3358 resistance area: If the price breaks above this zone and holds above it after a pullback, the bullish trend could resume; However, if it fails to break through or is rejected again, caution is warranted, as this could signal a larger-scale downtrend on the weekly chart, possibly targeting the 3250 area.
FOREXCOM:XAUUSDShort
by China_MsWang
Elliott Wave Analysis – XAUUSD | July 14, 2025 🔍 Momentum Analysis D1 Timeframe: Momentum is currently reversing to the upside, indicating that the bullish trend may continue into early next week (Monday). H4 Timeframe: Momentum has entered the overbought zone, suggesting that a short-term correction is likely to bring momentum back down into oversold territory. 🌀 Elliott Wave Structure On the H4 chart, we observe a contracting triangle pattern (abcde) approaching its final stages. In the Friday trading plan, we anticipated that the corrective phase had ended and price was entering a new impulsive wave. However, there are two irregularities worth noting: A pin bar candle with high volume has appeared at the resistance zone near 3365, while H4 momentum is overbought. This signals a likely short-term correction — something that ideally should not happen if price is already in wave 3. Ideally, price should have surged to 3402 on Friday to strengthen the bullish case. On the H1 chart, bullish candles are small and overlapping, reflecting weak bullish momentum and a lack of conviction from buyers. These two signs suggest that the market may still be within the correction phase, and the 3402 level will serve as a key confirmation zone to determine whether the correction has truly ended. 💡 Trading Outlook The bullish momentum on the D1 chart still supports BUY positions for the coming week. However, since the H4 chart is overbought, a short-term pullback is likely. We will look to buy on dips toward lower support zones, targeting a move toward 3393 – 3402, which remains the target area as outlined in Friday’s plan with the original entry at 3332 – 3330. 📊 Trading Plan BUY Zone: 3342 – 3340 Stop Loss (SL): 3330 Take Profit 1 (TP1): 3370 Take Profit 2 (TP2): 3393
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD | July 15, 2025🟢 Trade Update The BUY order at the 3342 – 3340 zone was triggered at 3341. As of now, price has moved up by 140 pips, and the market is still following the planned scenario from the previous analysis. 📊 Momentum Analysis D1 Timeframe: Momentum is in the overbought zone, and indicator lines are showing signs of crossing — a warning signal of a potential reversal on the daily chart. H4 Timeframe: After a 6-candle decline from 3377 to 3342, H4 momentum has reversed upward. With 2 bullish candles already formed, we expect another 3–5 bullish candles, aiming toward the 3390 zone. 🌀 Elliott Wave Update Price action is currently moving toward the end of the abcde contracting triangle. We are monitoring two potential scenarios: Scenario 1 – Ongoing Triangle Correction If price returns to the lower boundary of the triangle, it is likely forming wave e, which would present a buy opportunity for the final leg of the triangle. Scenario 2 – 5-Wave Impulse Extension The current structure shows a 5-wave impulsive move, with wave 4 completed and wave 5 now beginning. The projected target for wave 5 aligns with the resistance zone at 3398 – 3402. After completing wave 5, the market could enter a corrective phase, consistent with the idea that wave d ends at this resistance. 🔔 If the price breaks above 3402, it would likely confirm that the abcde correction is complete and that a new impulsive bullish wave has started. 🎯 Trade Plan 📍SELL Zone: 3396 – 3398 ⛔️ Stop Loss: 3406 🎯 TP1: 3376 🎯 TP2: 3327 📍BUY Zone: 3295 – 3293 ⛔️ Stop Loss: 3285 🎯 TP1: 3327 🎯 TP2: 3365 🎯 TP3: 3402 ✅ Note: Prioritize entries only after confirmation from price action and momentum at key levels.
OANDA:XAUUSDLong
by WavePoint_FX
Gold still has room to pull back, be brave and short gold!Gold continued to rebound today, and we also successfully gained 150pips profit in long gold trading. However, although gold is currently maintaining its upward trend, the rebound strength of gold is not strong during the European session, and it has repeatedly touched 3375 and then fell back, proving that there is still some resistance above. In my previous trading point of view, I also emphasized that gold is under pressure near 3380 in the short term. In addition, from a technical perspective, today's intraday high is limited to 3395. So in order to dump the bullish momentum so that it can break through 3380 more smoothly, or even continue to above 3340, gold will inevitably have a retracement in the short term. So when most people in the market are still waiting for a retracement to go long on gold, I will definitely not waste the opportunity of gold retracement in vain. So for short-term trading, I will consider shorting gold appropriately in the 3375-3395 area, with the target looking at 3360-3350. After gold falls back as expected, we might as well consider going long on gold at a low level.
OANDA:XAUUSDShort
by Trading_Steffen
2
Elliott Wave Analysis – XAUUSD July 11, 2025 🔍 Momentum: D1 timeframe: Momentum is currently rising, suggesting that the bullish trend is likely to continue for the next few days. H4 timeframe: Momentum is also bullish, indicating that the uptrend is likely to dominate today. 🌀 Elliott Wave Pattern: On the H4 chart, price action is in the final stage of a contracting triangle correction. Price is now approaching the upper boundary of the triangle. With both D1 and H4 momentum in alignment, the probability of a breakout to the upside is high. If this breakout occurs, we can expect a move toward the 3393 area, which is a key level to confirm whether the corrective phase has truly ended. 🎯 Price Targets: Current area (3330–3332): A potential opportunity for a scalp BUY, supported by bullish momentum on H4. Next support zone: 3315–3317 – a solid area for a mid-term BUY entry if there’s a pullback. ⚠️ If price breaks below 3279, the current wave count becomes invalid and a new analysis will be provided. ✅ Trade Plan: 🔹 SCALP BUY Entry: 3332 – 3330 SL: 3327 TP1: 3363 TP2: 3390 🔹 MID-TERM BUY ZONE Entry: 3317 – 3315 SL: 3307 TP1: 3342 TP2: 3363 TP3: 3390
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD July 10, 2025 🌀 Elliott Wave Structure On the H4 timeframe, price has returned to test the upper boundary of the converging triangle – currently acting as dynamic resistance. Based on the current wave count, wave e (purple) may have completed at the 3279 low, and price is potentially starting a breakout move. 👉 A confirmed breakout above the triangle would validate the end of the abcde correction and mark the beginning of a new upward trend. 🔋 Momentum Analysis D1 timeframe: As forecasted yesterday, momentum is entering oversold territory and showing early signs of a reversal. This suggests that an upward trend could dominate over the next 5 days. H4 timeframe: The two momentum lines are sticking together, indicating a weakening upward drive. A minor pullback may be needed before the next leg up. Key nearby resistance levels to watch are 3330 and 3342. 🎯 Key Price Levels & Validation Zones The following support zones are crucial for identifying potential entries: Support Zone 1: 3306 – 3308 Support Zone 2: 3294 – 3297 ‼️ Important: A break below 3294 would invalidate the current wave structure, and a new count would be required. 📌 Trade Plan Scenario 1 – Buy at higher support: Buy Zone: 3308 – 3306 SL: 3303 TP1: 3342 TP2: 3366 TP3: 3390 Scenario 2 – Buy at deeper support (if stronger correction occurs): Buy Zone: 3297 – 3294 SL: 3287 TP1: 3342 TP2: 3366 TP3: 3390 Scenario 3 – Safer option (breakout confirmation): Wait for a breakout above the triangle, then enter on the retest (around 3325–3330) SL: Based on structure formed during the retest TP range: 3366 – 3390 📌 Preferred strategy: Wait for H4 to reach oversold or wait for a confirmed breakout and retest to enter safely in alignment with the new uptrend.
OANDA:XAUUSDLong
by WavePoint_FX
Gold rose. Trend reversed.Gold rose slightly in early Asian trading on Wednesday, but fell under pressure near 3308. It fluctuated in the European trading range of 3296-3282. It broke through the US trading range and rose to around 3317 in the late trading. The daily line closed with a positive line with a lower shadow. After a sharp drop on Tuesday, gold showed a downward recovery trend on Wednesday and closed positive. It rose slightly in early Asian trading today. From the daily level, in the short term, we should first pay attention to the resistance near 3325-3330. This area brings together the current positions of the 5-day moving average, the 10-day moving average and the 60-day moving average, which is an important gateway for the game between long and short forces in the short term. If the gold price continues to be under pressure in this area, it means that the short-term upward momentum is insufficient, and we need to be alert to the risk of a market decline. If the above resistance area can be broken and the price continues to rise strongly, the next target will be the resistance near 3345, which is not only the high point on Tuesday, but also the current location of the 20-day moving average and the 30-day moving average, which has a strong technical resistance significance. In terms of support below, first pay attention to the support near 3280, which is the current support level of the trend line formed by the low points of May 15 and June 30, which provides certain support for the gold price. Operation strategy: Short at price rebound near 3345, stop loss at 3355, profit range 3320-3300 Long at price drop near 3315, stop loss at 3305, profit range 3320-3340
FOREXCOM:XAUUSD
by Quaid_1
Elliott Wave Analysis – XAUUSD July 9, 2025 🔻 Momentum Analysis D1 timeframe: Momentum is approaching the oversold zone and may reverse upwards today or tomorrow. H4 timeframe: Momentum is already in the oversold zone. The two momentum lines are converging, signaling weakening downward pressure and a potential reversal. 🌀 Elliott Wave Structure The price level around 3318 (previous buy zone) failed to hold, despite a ~100-pip bounce before continuing to decline. Currently, price is nearing the lower boundary of a contracting triangle – a typical abcde corrective pattern. Based on the current wave structure: - Wave d (purple) appears to be complete. - Price is now likely forming wave e, expected to end near 3279, which coincides with the triangle’s bottom support. If the pattern holds, a strong breakout above the upper triangle boundary is expected once wave e completes. However, note: the formation of a triangle during a corrective wave often signals that the uptrend is nearing its end in the longer term. 📌 Trading Plan Given the complex 3-wave structure typical of triangles, risk is elevated, so: Trade with reduced position size, or Preferably wait for a confirmed breakout above the triangle before entering. Suggested Trade Setup: ✅ Buy Zone: 3280 – 3277 ❌ Stop Loss: 3270 🎯 Take Profits: TP1: 3309 TP2: 3342 TP3: 3390
OANDA:XAUUSDLong
by WavePoint_FX
Gold is going down without any signs. Will it continue?Yesterday's seemingly strong rise in gold's safe-haven market may make people mistakenly think that gold is going to rise sharply, but the recent safe-haven market has poor sustainability and poor upward momentum, and cannot maintain the continuation of the upward trend. Looking at gold in 1 hour, after the price surged, it continued to fall under pressure at 3345. 3345 is also the recent key position for long and short positions. The 1-hour moving average of gold is still in a short position and continues to diverge downward. The short-term short momentum of gold still exists. I think the price will still fall after the rebound. Gold started to fall directly at 3330, and 3330 formed a strong resistance for gold in the short term. The downward low point did not continue after touching 3288. The current price rebounded and fluctuated around 3295. So we can sell high and buy low around 3385-3325.
FOREXCOM:XAUUSD
by Quaid_1
1
Elliott Wave Analysis – XAUUSD – July 8, 2025🔎 Momentum Analysis On the daily (D1) timeframe, momentum is currently declining. At the same time, the 4H momentum is showing signs of reversing downward. This suggests a likely short-term corrective decline, which provides a basis for projecting potential Elliott Wave patterns. 🌀 Elliott Wave Structure On the 4H chart, I currently see two main possible scenarios: Scenario 1: Contracting Triangle Correction (abcde – purple) This scenario assumes a contracting triangle correction labeled abcde in purple. The market appears to be in wave d (purple), which is unfolding as a wxy corrective structure. Currently, it is likely in wave y. The projected target for the end of wave y is between 3393 – 3402. However, due to the declining momentum, I expect a short-term pullback to the 3318 – 3321 region before price resumes upward to complete wave d. Scenario 2: Larger WXY Correction In this case: Wave W has completed as a standard 3-wave abc. Wave X has also completed as a double zigzag. Wave Y appears to be forming a small contracting triangle abcde in red. Currently, the price is being compressed between the upper and lower boundaries of the red triangle, suggesting that it is in the final wave e. In this scenario, the projected retracement also aligns with the 3318 – 3321 zone. After completing wave e, price is expected to break out strongly above the upper boundary of the red triangle. ✅ Strategic Conclusion Both scenarios point to a confluence zone at 3318 – 3321, making this a key potential buying area. Two trading approaches can be considered: Aggressive Entry: Buy within the 3318 – 3321 range. Conservative Entry: Wait for a confirmed breakout above the red triangle before entering a long position. 📈 Suggested Trade Plan Buy Zone: 3318 – 3321 Stop Loss: 3308 Take Profit 1: 3342 Take Profit 2: 3362 Take Profit 3: 3393
OANDA:XAUUSDLong
by WavePoint_FX
Gold fluctuates downward. Do not short blindly.Today, gold is in a consolidation downward trend, with the lowest point reaching around 3296; it has rebounded slightly to around 3310. From the overall market, gold is indeed in a short trend. However, do not continue to short, which is very dangerous. Because from the hourly chart, although the low point of gold is constantly refreshing, the key hourly chart support range position has not yet broken. So, here I may think that gold may still be tempting to short in the short term. There is still a possibility of a pullback here on the hourly chart. From the current point of view, there is still a probability of a pullback to 3320-30 before the range is broken. In terms of the next operation, I suggest that you can pay attention to 3320-30. However, if it really pulls up again, as long as it does not stand above 3330 again. Then, we can short here at 3320-30. On the contrary, if the rebound directly breaks above 3340, then be careful. The rebound may turn into a trend reversal, and it is very likely to replicate the rhythm at the beginning of last week.
FOREXCOM:XAUUSD
by Quaid_1
Elliott Wave Analysis – XAUUSD – June 8, 2025🌀 Elliott Wave Structure Timeframe: H4 Currently, price action is overlapping with multiple abc correction patterns. To reduce noise and gain a clearer perspective, I’ve shifted the analysis to the H4 timeframe. From the 3500 level down to now, the entire corrective move has been composed of overlapping abc patterns rather than sharp, impulsive rallies. This suggests we are likely forming a contracting triangle correction in the form of abcde (green) as shown on the chart. At the moment, price appears to be in wave d (green), which is unfolding as a wxy structure (red). Trading during triangle corrections is particularly challenging due to the complex interweaving of corrective waves. Additionally, price is consolidating within the Volume Profile’s high-liquidity zone, as shown on the chart. Therefore, it is best to remain patient and wait for the triangle pattern to complete. 📉 Momentum Daily (D1) momentum: Currently showing signs of a bearish reversal → suggesting that price may move sideways or lower this week. (Toward the end of a triangle, price tends to compress and lose clear directional bias.) H4 momentum: Also shows reversal signals, and a strong bearish candle has recently formed. Thus, a short-term bearish bias is preferred until H4 momentum reaches the oversold region. 🎯 Price Targets Since the market is currently forming overlapping abc structures, setting precise wave targets is difficult. Therefore, I rely on Volume Profile zones to define key levels: 3342 Resistance Zone: Marks the boundary between high and low liquidity areas → This is a Sell Zone, supported by confluence with D1 and H4 momentum signals. 3294 Support Zone: Represents the lower boundary of high liquidity → This is the projected end of wave X (red) and serves as our Buy Zone. 🧭 Trade Plan 🔻 Sell Zone: Entry: 3340 – 3342 SL: 3350 TP1: 3320 TP2: 3300 🔺 Buy Zone: Entry: 3295 – 3293 SL: 3285 TP1: 3312 TP2: 3342 TP3: 3390 📌 Personal Note: At this stage, I prefer to wait for the abcde triangle to complete or for more structural confirmation. If you decide to trade, focus on short-term setups with reduced position size to manage risk during this complex correction phase.
OANDA:XAUUSDLong
by WavePoint_FX