Gold Purchase Plan!Gold price is currently in wave X of correction WXY. Today, 06-11-2025, wave 2 is expected to correct to 3958. Buying from 3960, targeting 4072 as wave 3. Stop loss at 3945.
Trade ideas
Gold Montly Overview and PlansGold closed October with a bullish hammer and notable volume, signaling a potential reversal and clear rejection above the 4500 level
Could Gold be looking to build value within the 3500–4000 zone? Very possible; which would be both healthy and expected in a macro uptrend.
I’m looking for a swing long upon a sweep of the quarterly open combined with the daily 50 EMA. Invalidation sits at the low of the daily bullish order block and target would be the daily Bear FVG.
As of now, 4H structure remains bearish while price continues to respect the 4H bearish order block and we are compressing within the EMAs. Price has been around the 4H MSB but still has not printed a strong Break of Structure Candle to confirm a shift.
This swing long thesis fails if price takes liquidity to the upside first.
Even though I'm bullish on gold overall, I’m leaning toward a bearish close for November given that October's close is a key reversal signal in my system. Still, I expect at least the daily Bear FVG to be filled, as wicks tend to get filled toward the 50% region, especially when considering the monthly wick. Historically, November tends to favor bullishness, but here I'm speaking strictly from a structure and price-action perspective.
XAUUSD wave structure analysis on H1, M15 timeframesH1 swing is bullish => current is pullback down
M15 swing is bearish => currently is pullback up
We can look for selling opportunities when the price goes up to the supply zone of M15
GOLD Remains Bullish and a Little TrickyGOLD Remains Bullish and a Little Tricky
Also, today gold remains without any clear momentum. Despite being in a strong uptrend, the price is still not taking direction.
We have to be very careful with this long pause because it is not usual for Gold.
However, so far we have no sign of a change in trend.
Only whoever created the big bullish wave that doubled the price of gold can push it down. I see no other reason for gold to move down.
It has been a long time since it served as a hedge against inflation, war, and difficult times.
However, this is only my personal opinion.
Overal,l Gold is in a big mess.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
XAUUSD: Tension Builds as the Market Awaits DirectionWhat’s really happening here?
If you take a close look at today’s XAUUSD chart, you’ll notice a very dramatic picture: gold prices are being tightly compressed inside a converging triangle pattern.
This is a classic formation that reflects the battle between two market forces:
- Buyers are forming higher lows, showing increasing buying pressure.
- Sellers, on the other hand, continue to hold lower highs, consistently blocking every upward attempt.
As these two trendlines move closer together, the market becomes like a compressed spring; the longer it’s squeezed, the stronger the move will be once it’s released.
So, what does this mean?
In my view, it shows that gold is currently in a highly sensitive accumulation phase, and any breakout could trigger a major move in a new direction.
- If the price breaks above the 4,020 – 4,030 USD resistance zone, it could be the first signal of a new bullish wave targeting 4,070 – 4,100 USD.
- Conversely, if it breaks below the 3,960 USD support, a bearish scenario will likely unfold, pulling the price back toward 3,910 – 3,880 USD.
🔹 How to identify a real breakout (my way):
- Wait for confirmation with a strong closing candle and high volume.
- A successful retest of the broken zone (which now switches roles: resistance → support or vice versa) will serve as a “golden certificate” for a sustainable breakout.
- And remember, false breakouts often occur right before the market truly explodes.
🔹 Risk factors (from my perspective):
- If gold breaks the boundary without volume or with long-wicked candles, it could simply be a trap set by major players.
- Once the price falls back inside the triangle after a breakout, the entire structure becomes invalid.
✅ Conclusion (in my view):
- Gold (XAUUSD) is now in the “calm before the storm” phase.
- Buyers are quietly accumulating near support areas, while sellers defend the last line of resistance.
- A clear and confirmed breakout in either direction could set the stage for a big move this week.
Stay disciplined:
- Wait for breakout + confirmation + retest; that’s how you stay on the right side of the market and avoid false signals.
This is not financial advice, just my personal view of today’s chart — my way.
Trade safely and patiently, because sometimes doing nothing is also a strategy.
Gold consolidates below $4000Gold is continuing to consolidate inside of a dynamic support area below $4000 level. Volumes have dropped to the new low for the 4-weeks period, but open interest starts to slowly build at current price levels. The market may need more time to complete the consolidation and resume moving in the upward direction. Before bouncing back, it might retest the $3900 price area as shown at the chart.
Absence of macro economic publications freezes trading activity across the board, as traders lack new driving narratives.
Don't forget - this is just the idea, always do your own research and never forget to manage your risk!
Gold Price Targets $4,005 Amid Uptrend SupportGold price is trading near $3,984, maintaining support above the ascending trendline. The chart suggests a potential bullish move toward the $4,005 target if the uptrend holds, with key support around $3,963.
XAUUSD – WAITING FOR CONFIRMATION OF UPTREND – TARGET 4050 💛 XAUUSD – WAITING FOR CONFIRMATION OF UPTREND – TARGET 4050 🎯
🌤 1. Overview
Hello everyone 💬
Gold today is still in a phase of hesitation – waiting for signals to confirm a new trend.
On the H2 chart, the price has broken the downtrend line and is retesting this line. The structure of “higher lows” indicates that buying power is gradually gaining the upper hand.
The previous peak around 4018 is currently the decisive point for the trend – if the price confirms a breakout above, the uptrend could extend towards the 4050 area.
Currently, the market is fluctuating within the range of 3964 – 4018, and needs to break out of this range to determine a clearer direction.
💹 2. ICT Perspective
📈 The price has broken the downtrend line and retested the structure on the H2 chart – an early signal for the potential formation of an uptrend.
🟣 The 3964–4018 area is a short-term liquidity accumulation zone before the price expands.
🔹 OB 4040–4042 coincides with significant resistance, suitable for short sell (scalp) orders if there is a strong reaction.
💫 When the price exceeds 4018, the uptrend structure will be confirmed and the expansion target could head towards 4050 – 4077.
🎯 3. Reference Trading Plan
💖 BUY Scenario (priority when confirmed)
Entry: above 4018 ｜ SL: 4011
TP: 4025 – 4033 – 4050 – 4077
💢 Short SELL Scenario (scalping)
Entry: 4040–4042 ｜ SL: 4046
TP: 4022 – 4015 – 3998
⚠️ 4. Important Notes
Clear confirmation is needed when breaking the 4018 area before entering a buy order.
If the price continues to fluctuate within the 3964–4018 range, trading should be limited.
Today is Friday, manage risk more strictly, prioritize accuracy in each order.
🌷 5. Conclusion & Interaction with LanaM2
Gold is showing positive signals 💛
Be patient and wait for reactions around the 4018 area – this could be the start of a new uptrend if clearly confirmed.
technical analysis for your chart on Gold (XAU/USDEUREX:FDAX1! EUREX:FDXS1! EUREX:FDXM1! ICEEUR:NCF1! ICEEUR:Z1! ICEEUR:RC1! EUREX:FGBX1! EUREX:FXXP1! ICEEUR:R1! ICEEUR:SOA1! Current Price: $4,002
Trend Structure: The pair is showing a potential reversal setup after a completed downward channel.
Recent Pattern: Price has broken slightly above the descending channel and is now retesting the breakout zone around the support level ($3,950–$3,980).
🔹 Key Technical Levels
Support Zone: $3,940 – $3,980
→ Strong accumulation area shown by multiple rejections and previous demand.
Immediate Resistance: $4,080 – $4,120
→ Minor resistance expected as the first hurdle after breakout.
Major Resistance (Target): $4,385
→ Marked as the final bullish target on the chart.
📈 Bullish Scenario
If price sustains above $4,000, we can expect:
A short-term retest of $4,080–$4,120.
Once momentum confirms above $4,120, bullish continuation toward $4,200 → $4,385 (main target).
✅ Buy Confirmation:
Break and close above $4,050 with volume.
Retest of $4,000 zone followed by bullish rejection candle.
🎯 Bullish Targets:
TP1: $4,080
TP2: $4,200
TP3: $4,385
📉 Bearish Scenario
If price rejects $4,000 and closes below the support zone ($3,950):
Downside may resume toward $3,880 – $3,820 range.
That would invalidate the bullish breakout and confirm channel continuation.
🚫 Sell Trigger:
3H close below $3,940.
🎯 Bearish Targets:
TP1: $3,880
TP2: $3,820
📊 Conclusion
Structure is shifting from bearish to bullish after a channel breakout.
The $3,950–$4,000 area is key — a stronghold for bulls.
Expect a bullish rally if support holds, targeting $4,385 in the medium term.
Gold. 1 more leg down. 6/Nov/25Xauusd 1 more leg down before surging..What "trigger" the surge? coming NFP?
LiamTrading – XAUUSD D1 | Scenario for Week 2 of NovemberLiamTrading – XAUUSD D1 | Scenario for Week 2 of November
Accumulation range 4047–3928, prioritize buying on breakout – watch for short at 4200 (FVG + Fib 0.382)
Overview: After the adjustment from the historical peak, gold is forming a bottom – accumulating in the price range of 4047–3928. The D1 structure still leans towards a medium-term uptrend if the price holds above 3928; the ~4200 area coinciding with a wide FVG + Fib 0.382 is a “liquidity pool” where strong reactions are likely.
Macro Summary
Hedge funds against public debt/deficit risks and net buying demand from some central banks/Asian blocs support the long-term trend.
The expectation of a cooling interest rate path in 2026 helps reduce pressure on gold, but pullbacks may still occur before major technical milestones.
Technical Analysis (D1 Frame – Trendline | S/R | Volume zone | Fibonacci)
Accumulation Range: 4047 (top of the box) ↔️ 3928 (bottom of the box). D1 closing above 4047 confirms an upper range expansion; breaking 3928 triggers a deeper drop to lower Fib levels.
Fibonacci of the latest upward wave:
Price is oscillating around 0.618 → tendency to form a base.
Deeper area if the base breaks: 0.5 ~ 3850 and 0.382 ~ 3710.
Key Resistance: 4090–4120 (mid-box area), ~4200 (FVG + Fib 0.382) – expected large liquidity/short-term reversal area.
Important Support: 3990–4010 (psychological/trading buffer level), 3928 (lower range boundary – breakout point).
Trendline: The medium-term uptrend remains if corrections do not close below 3928.
Trading Scenario for the New Week
Scenario 1 – Buy on trend when breaking the upper range
Condition: D1 closes above 4047, retest holds firm at 4038–4047.
Entry: 4048–4055
SL: 4018
TP: 4090 → 4120 → 4185–4205 (FVG + Fib 0.382)
Management: Take partial profit at 4090/4120, move SL to breakeven when reaching +1R.
Scenario 1b – Buy at the bottom of the box (fade range)
Entry: 3935–3945 (when there is a clear rejection candle/tail at 3928–3945)
SL: 3895
TP: 3995–4010 → 4040–4047
Note: If D1 closes below 3928, cancel the plan and switch bias to the bearish scenario.
Scenario 2 – Short reaction at the liquidity area 4200
Entry: 4185–4205 (FVG + Fib 0.382) when a clear rejection appears on D1/H4
SL: 4225
TP: 4120 → 4047 → 4010 (extended target: 3850 if there is a breakdown signal)
Note: Counter-trend order; reduce volume, exit quickly if D1 closes above 4205.
Risk & Invalidation
The medium-term bullish bias remains valid as long as D1 does not close below 3928.
D1 closing below 3928 paves the way to 3850 (Fib 0.5), even 3710 (Fib 0.382).
Strong news (CPI, employment, central bank speeches) may disrupt signals; wait for candle closure according to the chosen frame.
Summary
Gold is “spring-loaded” within 4047–3928. Priority plan: Buy on breakout–hold 4047 to target 4090–4120 and test ~4200; simultaneously watch for short reactions at 4200. If breaking 3928, switch scenario to bearish towards 3850 → 3710.
Gold Consolidation Scenario setup what should Next Move ?Gold prices are currently trading in a weak and slow-moving range, as investors remain cautious and wait for a decisive move.
From a fundamental perspective, Fed Chair Powell ruled out any guarantees of a rate cut in December, which supported the U.S. dollar and limited gold’s upside momentum the key resistance zone remains around 4000. A breakout above 4000 and sustained bullish momentum could push prices toward the next targets at 4022 and 4045.
However, if the price fails to hold above 4000 and continues to look weak, we may see a downside correction toward 3968, and possibly 3920.
Resistance zone Target Points : 4022 / 4045
Support zone Target Points : 3968 / 3920
Market remains range-bound and waiting for clear direction before stronger movement resumes.
You may find more details in the chart,
Trade wisely best of Luck,
Ps; Support with like and comments for better analysis Thanks for Supporting.
Gold Market Analysis (November 6th)Gold Market Analysis (November 6th)
Data Impact Diminished, Technical Adjustment and Safe-Haven Sentiment Battle
I. Market Review and Characteristics
Intraday Movement: Gold rebounded in the afternoon after fluctuating at low levels on Tuesday. The positive ADP data in the US session failed to suppress gold prices, resulting in a small positive close on the daily chart, continuing the high-level fluctuation pattern.
Key Phenomenon: The market reacted mildly to the ADP data. Tuesday's saturated bearish technical signal was partially digested, indicating that the current market is dominated by sentiment and policy expectations, with the influence of technical factors weakening in the short term.
Potential Risks: The non-farm payroll data may be delayed again, and concerns about a US government shutdown may trigger increased safe-haven sentiment, exacerbating emotional volatility in the market.
II. In-Depth Analysis of Technical Structure
Daily Chart
Moving Average Resistance: The price continues to trade below the 5-day/10-day moving average (3995), and the overall structure remains bearish, but yesterday's positive candle weakened the downward momentum.
K-line Combination: Tuesday's saturated bearish candle and yesterday's small positive candle form a continuation pattern in the fluctuation range. A breakout of the 3995-4010 resistance zone is needed to confirm the direction.
Hourly Chart Cycle
Range Convergence: The short-term center of gravity has shifted slightly upward, forming a 3960-3995 oscillation range, with volatility continuing to narrow.
Key Points:
Break above 3995: May trigger short covering, testing the 4010-4030 resistance zone.
Break below 3960: Will open up downside potential, targeting 3930 (lower boundary of the range).
III. Fundamental Dynamics and Driving Logic
Data Impact Diminished
The better-than-expected ADP employment data did not suppress gold prices, reflecting the market's greater focus on the risk of government shutdown and expectations of Fed policy.
If the non-farm payroll data is delayed, the market may shift to speculating on political uncertainty, thereby supporting safe-haven demand for gold.
Policy and Event Risks
Fed Signals: The probability of a rate cut in November remains at 89%, and the low-interest-rate environment continues to provide underlying support for gold.
Fiscal Risks: If the government shutdown continues, it may weaken the credibility of economic data and exacerbate market volatility.
IV. Trading Strategy and Risk Control Deployment
Main Force Tactical Arrangement
Short Position (Risk-Reward Ratio 1:2.5)
Entry Level: 3990-3992 (Moving Average Resistance Zone)
Stop Loss Level: 4005 (Breakthrough of Upper Range)
Target Level: 3975 (Reduce Position) → 3965 (Exit)
Bull Defense (Lower Boundary Strategy)
Trigger Condition: Bullish engulfing pattern or bullish divergence near 3960
Rebound Target: 3980-3990 (Take Profit in Batches)
Risk Control Points: Position size ≤ 8%, avoid sudden volatility during data lull periods.
If it breaks above 3995, exit short positions and temporarily observe.
Pay attention to whether there is a surge in safe-haven buying during the US session.
Professional Trader's Perspective: The current market is in a phase of technical and fundamental analysis:
Technical: Moving average resistance and the risk of breaking below the range remain; maintain the strategy of shorting on rallies.
Fundamental: Data delays and policy uncertainty may weaken technical guidance; be wary of emotional volatility.
Best Strategy: Use event-driven trading, set breakout orders at key levels, and strictly control risk with stop-loss orders.
Key Note: If the non-farm payrolls report is confirmed to be delayed this week, gold may see a double-driven market of "safe-haven buying + technical correction," and volatility may increase significantly.
possible short on GoldIf we can get a big fat red candle on this ascending triangle retest ,we are shooting down for real.
Gold Price Tests $4020 ResistanceGold Price Tests $4020 Resistance
Today's Trading Strategy: Continue to buy on dips.
1. Market expectations for a December rate cut by the Federal Reserve have cooled, causing the dollar index to retreat from its highs. Neutral to slightly bearish: The high-interest-rate environment is suppressing gold prices.
2. However, the ongoing US government shutdown and escalating international geopolitical tensions are a significant positive factor: safe-haven demand is the main force supporting gold prices.
Technical Analysis: Gold prices are currently facing strong resistance in the $4020-$4050 range.
As shown in the 4-hour chart: Gold prices are in a triangle consolidation pattern and need to break through key resistance or support levels to determine the next move.
Upside Target: If gold prices successfully break through $4020, the next target is $4110.
Downside Support: The first short-term support level is around $3960-$3980.
The more critical support area is at $3890. As long as gold prices remain above this area, the long-term uptrend structure remains valid.
Aggressive Strategy:
Buy: 3990-4000
Stop Loss: 3970
Target Price 1: 4050
Target Price 2: 4110
Conservative Strategy:
A more conservative strategy is to wait for gold prices to break through $4020 effectively, then establish long positions on a slight pullback, with a stop loss set in the $4020-4000 range, and a target price of $4070-4110.
Risk of Failed Breakout: If gold prices repeatedly attempt to break through $4020 but fail, and subsequently fall below the $3980 support level, it indicates that this upward move may have failed, and prices may fall back to the $3930-4000 trading range.
Gold Outlook: Bears Stay in ControlGold continues to operate within a bearish market environment characterized by persistent liquidation and declining momentum. The recent structural shift reflects an ongoing reallocation of capital away from defensive metals toward higher-yield instruments, signaling a broader change in market positioning.
Trading activity indicates that each upward movement is being met with renewed selling interest, suggesting limited participation from institutional buyers. This behavior aligns with the prevailing sentiment of caution, as investors prioritize stability over speculative exposure.
The broader outlook remains subdued, with market conditions favoring continued downside until clearer evidence of renewed demand emerges. Gold’s performance reflects a phase of market adjustment, where declining liquidity and moderate volatility reinforce the persistence of bearish sentiment across the short-term horizon.
The continuous short positions in gold have ended perfectly!Whether gold can break through resistance levels in the near term depends on the convergence of three factors: First, whether the US dollar and US Treasury yields experience a more sustained decline, creating room for discounting; second, whether risk appetite strengthens the "insurance demand" for gold due to equity volatility and increased macroeconomic uncertainty; and third, whether net inflows of funds continue, especially whether passive funds and longer-term allocation funds enter the market simultaneously. If these three factors fail to move in tandem, the price will likely continue to consolidate within the $3930-$4000-$4050 range. If they move in unison, the resistance above these round numbers will weaken more smoothly. It's worth noting that the People's Bank of China suspended its 18-month gold purchase program in May 2024 but resumed it in November of the same year. The market currently expects a 67% probability of a Fed rate cut in December, up from around 60% the previous trading day. The Fed just cut rates last week, and Powell stated that this may be the last rate cut this year. The market's current focus is on macroeconomic data and when the US government shutdown will end—which is also driving safe-haven demand for gold. The congressional gridlock led to the longest government shutdown in U.S. history, forcing investors and the data-dependent Federal Reserve to rely on private economic indicators. Since gold does not generate interest income, it typically performs well in low-interest-rate environments and periods of economic uncertainty.
Gold Technical Analysis: With the non-farm payroll data still pending, gold prices are likely to fluctuate little tonight, mainly consolidating. The battle between bulls and bears continues throughout the day. During the US session, gold rebounded to around 4027. We had already positioned short positions at 4015 and 4025, which subsequently fell back as expected, resulting in a profitable trade. This week's trading session has concluded perfectly, and we will not participate in the late-session trading. Our strategy remains to short below 4030.
From a technical analysis perspective, key resistance and support levels need to be monitored. The upper resistance level to watch is the 4020-4030 area. If gold prices can break through this range and hold, the upward trend may continue in the short term, potentially challenging higher levels. Before this breakout, we have consistently emphasized against chasing highs and have provided a strategy and analysis for shorting in batches around the 4015-4030 area. Those who follow me should have seen this. Gold faces significant upward pressure, and unless there is a major positive news event to stimulate a breakout, we will continue to maintain a strategy of selling on rallies. Due to the lack of non-farm payroll data, gold prices will continue to be treated as oscillating. The lower support level is seen in the 3975-3960 area. If this support level is effectively broken, it may trigger a new round of declines, potentially opening up further downside potential.
XAUUSD: orderblocks entry, liquidity targets... ICT SMC...60% accuracy
1:2 RR
3-5 Trades per Week
One Pair to be a Millionaire.
What Happens Next?I believe that the third wave has ended on the daily and weekly charts and that we are currently in the fourth corrective wave. I tried to draw the details of the correction on the 4-hour chart. The correction we are in may not be a classic correction and may be more complex; however, the B movement we are in appears to be forming a symmetrical triangle, and with the 6th movement, these triangles may break down or up; that is, the direction is unclear. However, if we are within an A-B-C correction and B is currently forming, a downward C movement is likely to follow. If there is no daily stay above 4040, the C downward movement is highly probable. I have also indicated C's first target on the chart. These are not recommendations, but my own conclusions.
Nov 5, 2025 - XAUUSD GOLD Analysis and Potential Opportunity📊 Analysis:
Yesterday formed a solid bearish candle, confirming that downward momentum remains dominant.
The key support lies between 3908–3915 — if this zone breaks, bearish momentum will strengthen further.
During the Asian session, watch the 3927–3930.5 area closely.
If this level holds, a short-term rebound toward 3960–3965 is possible. I’ll be watching that zone for potential short entries from resistance.
If price breaks above 3965, it would signal that bearish pressure is fading — only then will I look for buy setups on pullbacks into support.
For now, the overall bias remains bearish, though small intraday bounces can occur before any continuation.
🔍 Key Levels to Watch:
• 4000 – Psychological level
• 3994 – Resistance
• 3971–3980 – Resistance zone
• 3960–3965 – Major resistance
• 3947 – Support
• 3927–3930.5 – Support zone
• 3908–3915 – Key support
• 3900 – Psychological level
📈 Intraday Strategy:
SELL: If price breaks below 3927 → target 3922, with further downside toward 3915, 3908, 3905
BUY: If price holds above 3944 → target 3947, with further upside toward 3950, 3953, 3960
(⚠️ short-term rebound setup only — not a trend reversal signal)
Gold in consolidation, what to look out forActually, I'm expecting prices to fall again, but if the chart suggests otherwise...
The price is still moving sideways and consolidating the latest slide.
Support in the USD 3,930 range is holding and the price is rising again within the range. However, volume is lacking.
The falling resistance line has now been broken. Could this be a turning point? We're not there yet, but the picture is brightening somewhat.
A breakout above USD 4,050 would be bullish,
while a break below USD 3,930 would be bearish.
Daily live trade with XAUUSD in 15m/30m/1h 20251107Daily live trade with XAUUSD in 15m/30m/1h 20251107
Elliott Wave Analysis XAUUSD – November 6, 2025
🔹 Momentum
D1 timeframe:
The D1 momentum is now closing in, signaling a possible transition phase with two potential outcomes:
• If today’s D1 candle closes bullish (green): momentum is likely to reverse upward, suggesting a short-term bullish correction.
• If today’s candle closes bearish (red): the downtrend may continue.
The current momentum behavior is unusual, reflecting market indecision between buyers and sellers after a strong decline. As a result, even a small impulse from either side could cause a quick momentum shift.
H4 timeframe:
Momentum on H4 is still in a downward phase but already showing early signs of closing and potential bullish reversal.
• If the current H4 candle closes bearish, the downtrend may extend.
• If it closes bullish and momentum turns upward, price could retest the 4028 zone.
H1 timeframe:
Momentum on H1 is now entering the oversold area, indicating that a reversal could occur within 1–2 more H1 candles.
If momentum turns down again from resistance, this could offer an opportunity for a short-term sell (scalp) around the nearest liquidity zone.
________________________________________
🔹 Wave Structure
D1 timeframe:
As discussed in previous plans, the current structure still forms a W–X–Y correction in yellow, representing wave (4) of the larger cycle.
• The W wave has already reached the 0.382 retracement of wave (3) yellow — which often marks the typical end zone of wave 4.
• Therefore, the following X and Y waves may take longer to complete to maintain time balance within wave (4).
Meanwhile, the X wave (purple) remains relatively shallow, having retraced only about 0.236 of wave W (purple). Combined with the still-uncertain momentum discussed above, a potential rise toward the 4149 zone remains a realistic scenario.
However, if today’s D1 candle closes bearish, price could continue lower to complete wave Y (purple).
Given the current structure favors time balance rather than depth, this Y wave may unfold sideways rather than deeply downward.
At this stage, price is compressed within a narrow range, reflecting market hesitation. It’s best to wait for major catalysts such as the Nonfarm Payrolls report, which could trigger the next decisive move.
________________________________________
H4 timeframe:
The current X wave is developing within a narrow range under the form of a contracting triangle (a–b–c–d–e).
A triangle can only be confirmed once all five internal legs are completed.
Once that happens, a breakout above or below the triangle boundaries will define the next direction.
👉 For now, observation should be prioritized over action.
________________________________________
H1 timeframe:
Wave labeling on H1 is somewhat noisy due to overlapping three-wave structures within a tightening range.
Tentatively, the labeling shows a W–X–Y correction in green, where wave X appears to be a triangle formation.
A final small drop forming wave e could complete this triangle (wave X in green). Once it’s done, a new Y wave in green may start unfolding upward.
________________________________________
🔹 Summary
At present, the market remains noisy and compressed, making it unsuitable for swing entries.
• Avoid swing positions until the structure and momentum become clearer.
• Focus only on short-term scalp setups around key liquidity zones identified earlier.
• Wait for confirmation of direction and structure before committing to larger trades.
