Exploring the Two Variations of the Rising Wedge PatternHello everyone!
When I first started learning technical analysis, one of the patterns I found incredibly interesting and important was the Rising Wedge pattern. This pattern is formed when the price creates higher highs and higher lows, but the price range gradually narrows. However, there’s something that few people know – the Rising Wedge pattern can appear in two different forms, and each form has significant implications for predicting market trends.
Form 1: Rising Wedge in an Uptrend (Reversal)
The first and most common form of the Rising Wedge is when it appears in an uptrend. This pattern signals that the uptrend is losing momentum. When I identify this pattern, I know the market is weakening and is likely to reverse into a downtrend.
Characteristics: The price creates higher highs and higher lows, but the range of price movement narrows, and trading volume typically decreases.
Confirmation: A breakout below the support at the bottom of the Rising Wedge confirms a trend reversal.
When this pattern forms, I prepare to enter a short trade when the price breaks the support at the bottom of the pattern. This is when the market could start to reverse and move downward.
Form 2: Rising Wedge in a Downtrend (Continuation)
The second form of the Rising Wedge appears in a downtrend. Although it may look similar to the first form, its purpose is different. This pattern does not signal a reversal, but instead indicates that the downtrend will continue after the price breaks below the bottom of the pattern.
Characteristics: Similar to the pattern in the uptrend, the price also creates higher highs and higher lows, but the price narrowing occurs within a downtrend.
Confirmation: Once the price breaks below the bottom of the pattern, it is expected to continue the strong downward movement.
In this case, I do not rush to enter a buy trade because this pattern signals that the downtrend is still strong. After the price breaks below the bottom of the pattern, I will consider entering another short trade.
In Summary
The Rising Wedge pattern is an incredibly useful tool for technical analysis to identify changes in price trends. Whether in an uptrend or downtrend, this pattern can provide great trading opportunities if you know how to identify and act on it promptly.
In an uptrend: The Rising Wedge signals weakness and a potential reversal.
In a downtrend: The Rising Wedge signals the continuation of the downward trend.
Understanding these two forms helps me make more accurate trading decisions and manage risk more effectively in any market condition.
GOLD trade ideas
GOLD DAILY PLAN 09/15: SMC & WYKOOF LOGIC🔎 Market Overview
Market Structure (SMC): Price is currently within a short-term descending channel but showing signs of Wyckoff accumulation around the 3620 – 3635 zone (Liquidity BUY). This is a key support area.
Wyckoff: After the supply test, price is likely to consolidate and then push upwards to sweep liquidity above (Liquidity SELL at 3688 – 3703).
Liquidity Zones:
Liquidity BUY: 3595 – 3592 (major demand area)
Liquidity SELL: 3688 – 3703 (profit-taking & potential reversal zone)
📌 Key Levels
Resistance: 3668 – 3688 – 3703
Support: 3634 – 3629 – 3622 – 3617
🟢 BUY Plan (Primary Setup)
Entry: 3595 – 3592
Stop Loss (SL): 3587 (below Liquidity BUY)
Take Profit (TP) targets:
TP1: 3615
TP2: 3625
TP3: 3635
TP4: 3645
Open TP: 3685 (extended Wyckoff target)
🔴 SELL Plan (Counter-trade)
Entry: 3698 – 3701 (Liquidity SELL zone)
Stop Loss (SL): 3706 (just above breakout trap)
Take Profit (TP) targets:
TP1: 3690
TP2: 3680
TP3: 3670
TP4: 3660
Open TP: 3650
⚡ Scalping Strategy
Only enter when confirmation signals occur at Order Blocks (OB) or Liquidity Zones.
Prioritise BUY trades at support and SELL trades at resistance.
Apply strict risk management: no more than 1–2% risk per trade.
✅ Conclusion:
Main directional bias for the day: BUY from 3595 – 3592, targeting the 3685 – 3700 region.
At Liquidity SELL 3688 – 3703, short-term SELL setups can be considered with targets back to 3660 – 3650.
Gold Rally Exhaustion? Bearish Confluence Builds at the TopGold has rallied strongly into the $3,660s but is now pressing against the upper boundary of a rising wedge formation. Momentum is slowing as price consolidates near recent highs, with risk of a short-term correction building.
Bearish Confluences:
Rising wedge structure, often a bearish continuation/reversal signal.
Multiple rejection candles forming near wedge resistance.
Overextension above moving averages, leaving room for mean reversion.
Fibonacci Retracement Targets (from latest swing):
Bearish Confluences:
⚠️ Rising wedge structure → often a bearish signal.
🚫 Rejection candles stacking near resistance.
📏 Overextended above moving averages = room for pullback.
Fibonacci Retracement Targets 🎯
🔹 38.2% → $3,700.79
🔹 61.8% → $3,662.47
🔹 100% → $3,600.46
A break below wedge support could drag price into these levels, with $3,600 as the big magnet 🧲
⚠️ Invalidation: A decisive breakout above $3,762 would negate the bearish scenario and reopen upside continuation.
Gold Holds Above $3,640, Market Awaits Fresh Catalysts📊 Market Movement:
Gold is trading around $3,644/oz, consolidating in a narrow range after recent volatility. Investors remain cautious ahead of key Fed signals and U.S. economic data this week. A pause in the USD and U.S. bond yields is helping gold maintain crucial support.
📈 Technical Analysis:
• Near support: $3,638 – $3,632 (H1 EMA20 + Asian session low).
• Strong support: $3,620 (multiple tested lows).
• Near resistance: $3,650 – $3,655 (Asian session high).
• Strong resistance: $3,668 – $3,672 (H4 EMA50 + strong supply zone).
• RSI on H1 remains above 50, showing mild bullish momentum.
🤔 Outlook:
Gold is trading sideways within $3,638 – $3,655. A breakout above $3,655 may open the way to $3,670. Conversely, a breakdown below $3,632 could trigger a decline toward $3,620. The short-term trend remains in consolidation, awaiting a breakout signal.
🎯 Trading Strategy:
SELL XAU/USD: $3,655 – $3,658
🎯 TP: 40 / 80 / 200 pips
❌ SL: $3661
BUY XAU/USD: $3,638 – $3,635
🎯 TP: 40 / 80 / 200 pips
❌ SL: $3632
XAUUSD KEY ZONE AND MARKET ANALYSIS | SEP.15 ☄️ Gold Market Outlook 9/5 (Based on SMC) ☄️
📊 Market Structure (H1/H4 perspective)
🔤Recent price action shows multiple CHoCH and BOS signals, confirming strong liquidity sweeps both directions.
🔤Sellers defended the FVG supply zone at 3655–3660, pushing price down.
🔤Buyers stepped in strongly from the demand zone 3630–3635, which aligns with BOS + liquidity grab.
🔤Current price is trading around 3645, sitting between supply above and demand below.
💡 Trading Scenarios
🔼Scenario 1 – Buy Setup
Condition: Price retests 3630–3635 demand zone.
Reason: Strong BOS + liquidity grab confirming buy-side interest.
Entry: Around 3632–3635.
🔽Scenario 2 – Sell Setup
Condition: Price taps into 3655–3660 supply FVG and shows rejection.
Reason: Prior strong sell-off from this area; liquidity resting above.
Entry: 3655–3658.
📌 Whichever side breaks (BOS confirmation) will set the new trend direction.
#XAUUSD
Gold – patience versus greedThe current rise in gold to the 3640–3650 range resembles a protracted consolidation rather than a confident trend. The price remains within the upward channel, but there is a risk of correction accumulating near the current values. Key levels to watch are 3629 and 3618: a break and consolidation below will open the way to 3575, where important support lies. Within the range, the market is behaving nervously – false breaks are becoming commonplace, which increases uncertainty for those who are rushing into positions.
Fundamentally, pressure on gold is being driven by expectations ahead of the Fed meeting and weak dollar statistics: investors remain in “wait-and-see mode.” While the dollar is correcting in a downtrend, gold is receiving support, but without new catalysts, an upward breakout is unlikely. Rather, the market is looking for a balance of forces to determine who will lead - buyers or sellers.
The tactical plan boils down to not playing guessing games. In the event of a decline below 3618, confirmation of the bearish scenario with a target of 3575 will appear. If buyers keep the price above 3640, another attempt to storm the highs is likely. At such moments, it is important not to try to outsmart the market, but to wait until it shows the direction itself.
Sometimes the best trade is simply not to rush.
XAUUSD on Change stageXAUUSD was on Rising channel although in our previous commantary our optimal buying limit was 3625-3630 which is missed by some pips.
What possible scenario we have?
• XAUUSD was on undisputed bullish rising wedge pattern & I'm expecting another bottom leg.
What will be my stance Today?
I will sell from 3676-3680 range to achieved our targets 3660-3645.
• secondly if H4 -H1candle closes above 3685-3690 then I will take buy trade and my target will be 3720-3730.
TIP:All eyes on 3680-3685 Resistance area.
All the entires should be taken once all the rules are applied
GOLD 7:00 PM (WAT):
Federal Funds Rate Announcement: The Federal Reserve is expected to announce a change in the federal funds target rate, currently ranging between 4.25% and 4.50%. Market consensus overwhelmingly anticipates a rate cut of 25 basis points, lowering the range to 4.00%-4.25%. This would be the first rate reduction in 2025, driven by weakening labor market indicators despite ongoing inflation concerns.
FOMC Economic Projections: Updated economic forecasts from the FOMC, including GDP growth, unemployment, and inflation outlooks, will be released.
FOMC Statement: The official policy statement explaining the rationale behind the interest rate decision and economic outlook will be published.
7:30 PM (WAT):
FOMC Press Conference: Federal Reserve Chair Jerome Powell will hold a press conference to discuss the FOMC's decisions, economic conditions, and policy direction, providing additional insights and answering questions.
Context and Expectations:
The rate cut is prompted by signs of a slowing U.S. jobs market and a reassessment of inflation risks amid continued trade uncertainties.
The Fed has maintained rates in the 4.25%-4.5% range since December 2024, amidst political pressure and mixed economic signals.
Markets are pricing in multiple rate cuts this year, with expectations of gradual easing.
This FOMC meeting and its communications will be crucial for understanding the Fed's stance on monetary policy and its implications for markets, inflation, and economic growth.
WATCH 3686 AND 3688 CLOSE OF 15MIN CANDLE above structure.if sellers dont respect the supply zone ,then we look for buy and target 3735-3725 on FOMC DATA REPORT.
#GOLD #XAUUSD
Gold at the Fed’s Crossroads: Bearish Windfall of 500–1000 PipsToday, we accurately grasped the rhythm of gold's fluctuations. In the previous trading idea, we clearly pointed out that gold is likely to reach the 3700-3710 area, and the latest trading plan is to continue shorting gold near this area, with the expected primary retracement target at 3680-3670. Obviously, even in the market's clamor for a rise, we are sticking to our trading logic, accurately grasping the volatility high near 3703 to short gold, and directly hitting TP: 3680. A very good short-term short trade!
For the gold market, the next highlight will of course be the Federal Reserve’s announcement of its interest rate decision.Market expectations for a 50 basis point rate cut by the Federal Reserve are rising, and there are also bets that there will be three rate cuts this year, with the first starting this week. Gold certainly lived up to expectations and, fueled by market expectations of a rate cut, soared all the way to over 3,700. So, what are my thoughts on the gold market regarding the upcoming Fed interest rate decision?
In fact, judging from the current U.S. economic and inflation data, as well as current market expectations, there are only two possibilities for the Federal Reserve's interest rate decision: a 25 basis point cut or a 50 basis point cut.
If the Fed cuts rates by 25 basis points, falling short of market expectations, the gold market could experience a surge followed by a decline, with the inflection point likely located between 3705 and 3715.
If the Fed cuts rates by 50 basis points, in line with market expectations, bullish sentiment will intensify, with buying funds continuing to push gold higher, potentially reaching around 3730-3735, where a turning point could occur.
However, considering that gold prices already surged ahead of the Fed's rate announcement, this move is likely intended to create room for further declines. Furthermore, given the "buy expectations, sell the facts" phenomenon, gold is likely to experience a surge followed by a decline. Furthermore, I believe the Fed is likely to adopt a gradual approach to rate cuts, so I believe the most likely rate cut will be 25 basis points, with the inflection point likely located between 3705 and 3715.
Therefore, we can focus on the opportunity to short gold in the 3705-3715 area. Even if gold continues to rise, we can pay attention to the short trading opportunities near the extreme area of 3730-3735. Once gold experiences a sharp pullback, it may trigger large funds to take profits and panic selling, and gold may continue to fall to around 3650 or even around 3630.
xauusd4hTrading Outlooks for the Week Ahead
In this series of analyses, we review short-term trading outlooks and perspectives.
As can be seen, in each analysis there is a key support/resistance zone close to the current price of the asset. The market’s reaction to or breakout from these levels will determine the next price movement toward the specified targets.
Important Note: The purpose of these trading outlooks is to highlight critical price levels ahead and the market’s potential reactions to them. The analyses provided are by no means trading signals!
Overestimate and undervalue, opportunities abound!The range operation ideas we shared have been verified to be correct again. We have perfectly grasped the market rhythm by going short first and then long. Congratulations to friends who are paying attention. After the US market, gold fell to the key support area of 3630-3620 and then rebounded quickly. At present, we continue to focus on the short pressure position of 3670-3690. This position is not only the pressure near the 5-day line, but also the upper pressure area of the hourly chart moving average band. In the short term, it may become the core area of the bull-bear game.
Although the interest rate cut has been implemented, the market focus has shifted to whether the pace and magnitude of future rate cuts will increase. The marginal benefits to bulls are weakening. Therefore, the short-term recommendation is still to sell high and buy low in the range, and not to chase highs and sell lows. If your recent operations are not ideal, or you want to make your investment more stable, you are welcome to communicate with me at any time, and I will help optimize the strategy.
From the 4-hour level, 3630-3620 is still the key defensive support level. If it falls below this area, the bullish and bearish pattern in the future market may change; and 3670-3690 is still a strong pressure. Strategically, we will continue to use this range as the core for long and short layout. In the middle position, we should watch more and do less, and wait patiently for the key points before entering the market to avoid unnecessary risks brought by frequent chasing orders.
Gold operation strategy: When it falls back to the 3630-3620 area, lightly arrange long orders, and first target 3660-3670. When it touches the upper pressure, you can gradually reduce the position and take profit to provide protection.
Elliott Wave Analysis XAUUSD – 15/09/2025
1. Momentum
• D1 timeframe: Momentum is about to enter the oversold zone. At the beginning of next week (Monday), D1 may officially enter the oversold area and start reversing upward.
• H4 timeframe: Momentum is also approaching the oversold zone and preparing to reverse. This opens the expectation of a bullish move within the next 1–2 sessions.
• H1 timeframe: Momentum is currently declining, so there may be one more short-term drop to push H1 into oversold conditions before a potential reversal.
________________________________________
2. Wave Structure
• D1 timeframe:
Price is still within wave iv (black). In terms of time, wave ii (black) took 7 daily candles to complete. According to the principle of alternation, waves 2 and 4 often differ in nature. With D1 momentum about to reach oversold, there is a high probability that wave iv (black) is near completion.
• H4 timeframe:
Price is moving sideways, which is consistent with the characteristics of wave iv. If in the next session H4 momentum reverses upward and reaches overbought while price still fails to break above 3657, then the corrective structure may evolve into a triangle or a double three (WXY).
• H1 timeframe:
An ABC corrective structure seems completed, but instead of rallying, price continues to consolidate within the liquidity block at 3657 – 3631. This suggests a more complex structure is unfolding, either a triangle or a WXY combination.
With D1 momentum heading into oversold, the expected downside range is 3631 – 3595, which also aligns with the nearest high-liquidity zones on the chart.
________________________________________
3. Price Zones & Targets
• Breakout level:
o 3657 → A strong candle close above this level would confirm a buy signal.
• Support / Buy zones:
o 3631 – 3632 → Possible bottom of the current correction.
o 3593 – 3596 → Scenario if wave iv develops into a WXY structure.
• Wave v (black) target:
o Projection: 3709 (main target).
________________________________________
4. Trading Plan
1. Buy Breakout 3657
o SL: below breakout candle
o TP: 3709
2. Buy Zone 3632 – 3630
o SL: 3622
o TP: 3709
3. Buy Zone 3596 – 3593
o SL: 3585
o TP: 3709
________________________________________
👉 Summary: Both D1 and H4 momentum are approaching oversold, signaling that wave iv (black) may soon complete. The preferred strategy is to wait for confirmation at liquidity zones (3631 – 3595), or for a strong breakout above 3657, to join the next bullish wave v (black) targeting 3709.
XAUUSD: Trend in 1-H timeframeThe color levels are very accurate levels of support and resistance in different time frames, and we have to wait for their reaction in these areas.
So, Please pay special attention to the very accurate trend, colored levels, channels, and you must know that SETUP is very sensitive.
Be careful
BEST
MT
XAU/USD Update 2Next move on the way, focus on proper risk management & stay disciplined. Wishing you successful trades..!
Key Reason:
1. Bullish structure.
2. Fresh Demand zone.
3. Price hunt pre SSL and then it will move again upside.
4. Bullish confirmation is very important. From this demand zone we'll see further upside move.
This is not a financial advise. Let's see how it will work.
XAUUSD Intraday Analysis – Correction in Play, Key Levels AheadGold (XAUUSD) recently rejected the 3,720 USD/oz zone after a strong rally and is now forming a clear ABC corrective structure on the H1 timeframe.
Wave (A) bottomed near 3,640.
Wave (B) retraced back to 3,670 – 3,680, showing weak momentum.
Wave (C) could be underway, with potential targets at lower support levels.
Key Technical Levels
Immediate Resistance: 3,670 – 3,680 (wave B peak).
Major Resistance: 3,700 – 3,720 (previous high and supply zone).
Immediate Support: 3,640 (wave A low).
Major Support: 3,600 – 3,610 (Fibonacci 0.382–0.5, aligned with descending trendline).
Indicators
EMA20 crossing below EMA50 on H1 → bearish short-term bias.
RSI bounced from oversold but still below 50 → weak recovery, favoring further downside into wave (C).
Trading Strategies
Primary Scenario (Bearish): Look for SELL opportunities around 3,670 – 3,680, targeting 3,640 first and extending to 3,600. Stop loss above 3,690.
Alternative Scenario (Bullish): A breakout and H1 close above 3,700 would shift bias to the upside, opening room toward 3,720 – 3,740.
Conclusion
Gold remains in a corrective phase with downside risk toward 3,600 if resistance holds. Watch closely how price reacts at 3,670 – 3,680 for short-term opportunities.
Stay tuned for more strategies and insights – follow along if you find this analysis helpful.
XAUUSD on retest completion of sweepsXAUUSD is on rising channel and following the retracement for sweeps.
2 Potential Zones to Re-Enter Longs Target: 3725–3730
What possible scenario we have?
1️⃣ 3672–3669
If price sweeps below 3674-3772 (equal low) and regains this level on the 1H, a buying opportunity opens up.
2️⃣ 3650–3645
Following the completion point of rising wedge and intersection points of structural support &trendine.
3️⃣ 3625–3630
A deeper, high-interest zone with inducement and H4 structural support
All the entires should be taken once all the rules are applied
Correction for gold is almost finishedHi traders,
Last week gold went a little more up. Then it started the bigger correction down (orange wave 4). I don't think the correction has finished.
So next week we could see some more downside to finish the correction, but after that this pair could go up again.
Let's see what price does and react.
Trade idea: Wait for the correction down to finish and the next impulsive wave up. After a small correction down on a lower timeframe and a change in orderflow to bullish you could trade longs again.
If you want to learn more about trading FVG's & liquidity sweeps with wave analysis, please make sure to follow me.
This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.
Don't be emotional, just trade your plan!
Eduwave
Gold XAUUSD Intraday Setup 19 SeptGold on the 15M timeframe is showing a short-term bullish structure after forming a series of higher lows, with the price now retesting the ascending trendline support near 3647–3650. This area also aligns with a minor demand zone, suggesting buyers are stepping in to defend it. If the trendline holds, momentum could push the market back toward recent highs, with the first target at 3674 (TP1) and extended target at 3685–3690 (TP2). However, if price closes below 3638, it would signal a break of structure and potential continuation of the bearish leg, so a stop loss below this level is crucial. Overall, the market is offering a favorable risk-to-reward long setup as long as the trendline is respected and no strong bearish candle closes below support.
Don’t hesitate when gold rebounds, just go short!Gold fluctuated repeatedly in the range yesterday, and the trend was completely in line with our trading idea of selling high and buying low. The long and short two-way layout was stable and profits were achieved. The daily line closed with a negative line and a long upper shadow, indicating that the high-level adjustment pattern is still continuing, but the technical indicators have not formed a death cross, and the overall bullish trend is still dominant. The short-term level continues to maintain a volatile and bearish idea. The rebound of the middle track of the Bollinger band in the 4H cycle was blocked and fell back. At the same time, the 1H secondary high was suppressed, and the upper pressure was still significant. Today's operation focus is based on the middle track pressure to see a volatile downward trend. Pay attention to the 3660-3675 area on the top. If this range is broken, the short-term may extend to test the 3685 line; pay attention to the 3625-3610 range on the bottom. Once it stabilizes, it is still a good opportunity to buy on the low. If it holds this position, the bullish pattern remains unchanged. If it is lost, we must be alert to the risk of a deep correction. The current volatile market continues to release room for selling high and buying low. Planned trading is the key to avoiding emotional chasing of gains and losses.
GOLD -- SELL 200 pips 18Sep2025, 15minIn the name of ALLAH the most merciful..
Trade Discipline:
Risk no more than 1.5% of your equity on a single trade.
As trade reaches the 50% of target pips, close 80% of trade position and move SL to breakeven after; if you follow my signal setup..
Success is achieved by following STRICT discipline..!
FX:XAUUSD