FCR Setup - 30 Oct 2025Made this setup for today - 30th Oct. Ended up on winning trade for the day. FCR Setup for this.
Trade ideas
XAUUSD Buy Setup - Bearish Continuation From 40301H chart shows strong bearish
impulse followed by consolidation.
Price holding above structure — continuation likely if support holds.
Setup: bearish on back near 4030 with targets up to 3880,
Stop below 4040 to protect from invalidation.
‹ Educational analysis only. Not financial advice
XAUUSD ANALYSIS🪙 XAU/USD – Market Insight (Breakout Confirmation)
Structure Update
Price has broken above the descending trendline, marking the first valid breakout after multiple lower-high rejections.
The breakout candle closed above the diagonal, aligning with the Breaker Block + FVG (3,955–3,968) zone.
This area now transitions from resistance into a potential support-retest zone.
Current Context
The broader trend remains bearish, but the breakout suggests a possible short-term retracement phase before trend continuation.
The structure between 3,955–3,968 will decide whether price sustains momentum upward toward 3,985–3,994 (OB/Golden Reaction Zone) or rejects back to the 3,905 liquidity pocket.
Scenarios to Monitor
1️⃣ Bullish Case (Continuation)
Price holds above 3,955 and shows bullish confirmation at the retest zone.
Next potential upside area: 3,985–3,994, where OB and equilibrium converge.
Above 3,994, the next liquidity target lies around 4,010–4,020 (premium zone).
2️⃣ Bearish Case (Fake-out)
If the candle closes below 3,955 after retest, the breakout invalidates.
This would signal a liquidity sweep, opening room for a move back toward 3,905 and possibly the weak low near 3,880–3,890.
Trader Lenses
Scalper: Watch M1–M5 reactions within 3,955–3,968. A small rejection-retest can offer short-term confirmation bias.
Intraday: Focus on M15–H1 structure holding above 3,955 before anticipating upside toward OB zone.
Swing: Wait for H4 confirmation. The trendline break alone isn’t enough—need BOS above 3,994 to shift higher-timeframe bias.
Market Sentiment Factors
Gold remains sensitive to USD index moves and bond yields.
Any hawkish Fed comment or strong US data may limit upside; weaker USD can support retracement strength.
⚠️ Disclaimer
All analysis provided is for educational and informational purposes only.
This does not constitute investment advice or a buy/sell signal.
Always manage your risk and confirm entries with your own strategy.
The gold price is still in the process of correcting Wave 4The gold price is still in the process of correcting Wave 4, and nothing has changed structurally.
Currently, the price continues to respect the corrective zone we have been monitoring, and the internal waves still support the complex WXY pattern. This tells us one thing:
⏳ The correction is not over.
Once Wave 4 is complete, the real opportunity will begin:
✅ First impulse up → confirms trend resumption
✅ Pullback (Wave 2) → optimal entry point
✅ Wave 3 → highest potential reward 🚀
If the price breaks above the current resistance zone from here, we will monitor the alternative count. However, as long as the structure hasn't confirmed it, we remain patient.
Remember:
Corrections are designed to test patience.
Wave 4 is historically the most complex wave; triangles, flats, and complex structures are common.
Remain disciplined. Let the structure settle. The next leg up will be worth the wait.
Based on my experience and my IDA, the market should sell. My taBased on my experience and my IDA, the market should sell. My target is you can trade according to your own calculations.
Gold /XAUUSD long🎯 Idea Summary:
· Direction: Long
· Instrument: XAUUSD (Spot Gold)
· Primary Timeframe: 4H
· Bias: Bullish (Counter-trend bounce)
📊 Technical Rationale:
· Market Structure: The longer-term trend is still bullish, but price has corrected into a major support zone. Looking for a bounce.
· Key Levels:
· Support: $2315** (Previous Resistance), **$2300 (Major Psychological & Swing Low)
· Resistance: $2340** (Recent Swing High), **$2355 (21 EMA)
· Price Action / Pattern: Price is approaching the $2315 support. Watching for a bullish reversal candle (like a hammer or bullish engulfing) for a confirmation signal.
· Confluence:
· The $2315 level coincides with the 61.8% Fibonacci retracement of the last major up-move.
· RSI is entering oversold territory (<30), suggesting selling pressure may be exhausting.
⚙️ Trade Setup:
· Entry Zone: $2315 - $2320 (On a bullish confirmation candle)
· Stop Loss: $2305 (Just below the key $2300 psychological level and the Fib level)
· Take Profit Targets:
· TP1: $2340 (First resistance, take 50% off)
· TP2: $2350 (21 EMA & next resistance)
· Risk-Reward Ratio: ~1:2.5
💡 Narrative / Fundamental Context:
This is a mean-reversion play within a bull market.The confluence of a major Fibonacci level, prior support, and oversold RSI creates a high-probability zone for a technical bounce. A break below $2300 would signal a much deeper correction is likely.
Disclaimer: This is my personal analysis and not financial advice. Trading commodities like gold carries a high level of risk. Always do your own research (DYOR) and manage your risk appropriately.
$GOLD topped until 2026?TVC:GOLD seems topped, by 105 days cycle 15(weeks) we can await a pullback after left ranslation by gold
Sell XAUUSDFrom this 1H chat, I have 3 narratives that could play out
- London session didn’t sweep Asian’s liquidity with means US session would sweep London liquidity
- using Fibonacci tool, I see that golden zone 0.618 … there’s also an Imbalance in that area
- the last bearish candle before an impulse move is an order and it’s around that area
There’s a current resistance now
You know what to do with this information
Gold Pullback Could Be the Next Buying OpportunityHello, traders, I want share with you my opinion about Gold. The market for Gold has been trading within a clear bullish structure, forming an ascending channel since breaking out from the earlier range near the 4,050–4,100 zone. The breakout from that consolidation led to strong upward momentum, with price making consistent higher highs and higher lows. Recently, the market faced strong selling pressure from the Seller Zone near 4,366, which aligns with the Resistance Level. After a retest of this supply area, price rejected and started a correction within the channel. The price is approaching the Buyer Zone around 4,205, which also coincides with the lower boundary of the ascending channel and the previous support level. This confluence makes the area significant for potential bullish reactions. I expect Gold to retest the Buyer Zone (4,205) and, if buyers show strength, a bounce toward 4,320–4,366 could follow. This would represent the continuation of the uptrend within the ascending channel. However, if price breaks below 4,205, it would signal a possible shift in structure and open the door for a deeper correction toward the 4,100 area. Please share this idea with your friends and click Boost 🚀
GOLD Still Very Bearish , 2 Short Setups Valid To Get 500 Pips !Here is My 30 Mins Gold Chart , and here is my opinion , we are Below 3972.00 With 4H Candle And this never happened for a long time ! and we have a 4H Candle closure below it And Perfect Breakout and this give us a very good confirmation , so we have a good confirmation now to can sell after the price go back to retest the broken area 3972.00 and this will be my best place to sell to can use small stop loss , and i have another place if he price will not go up more to retest 3972.00 m we have a very good res level 3940.00 , if we have a good bearish price action when the price touch it we can sell from it and targeting 100 to 200 pips , and if the price didn`t give us a good bearish price action from it i will wait the price at 3972.00 to can sell and targeting 200 to 500 pips , if we have a daily closure above this area this mean this idea will not be valid anymore .
Reasons To Enter :
1- Perfect Breakout .
2- Clear Bearish Price Action .
3- Bigger T.F Giving Good Bearish P.A .
4- Bearish Control .
5- Perfect 4H Mins Closure .
#XAUUSD: Two Entries, Three Targets, Swing Sell! Gold dropped to 3883 region, the lowest point in the last two months. Since then, it has started rebounding. Currently, the price is approaching a very important key level, which could lead to a smooth reversal. However, market conditions will be extremely volatile, making it difficult to predict any move. This is because we have the NFP coming up. Due to this volatility, both of these entry points are equally possible.
Once either entry is confirmed, you should place a target based on your risk management and trade planning. Remember, this is not a confirmation, and the price could go in the opposite direction. Please do your own analysis before making any financial decisions.
We are here to help. If you have any questions related to this analysis or any trading matter, please drop a comment. We will do our best to help you out. If you want to support us, please like and comment on the idea.
Team Setupsfx_
How to Identify Higher Highs and Lower Lows AccuratelyIn price action trading, identifying Higher Highs (HH) and Lower Lows (LL) may seem simple, but it’s actually one of the most essential foundations for reading market structure.
If you get it wrong, you’ll often end up trading against the trend without realizing it.
1. Understanding Higher Highs & Lower Lows
Higher High (HH): a new peak that’s higher than the previous one → indicates the uptrend is still intact.
Lower Low (LL): a new trough lower than the previous one → confirms the downtrend continues.
It sounds simple, but the tricky part lies in choosing the correct main swing to read from.
2. Common Mistakes That Mislead Traders
Many traders identify HH–LL patterns on very small timeframes, which causes confusion because of minor pullback waves inside the bigger trend.
Example:
The M5 chart might show HH–HL (uptrend), while the H1 chart is clearly forming LL–LH (downtrend).
If you buy based on the small timeframe, you’re essentially buying into a pullback.
💡 Pro tip: Always identify the main market structure on higher timeframes (H1–H4) before looking for entries on smaller ones.
3. How to Identify Them Accurately
Find the main swing:
Look for the points where price truly reverses with strong candles or noticeable volume.
Mark clear highs and lows using the swing high/swing low tool.
Check structural continuity:
If HH and HL remain intact → the trend is bullish.
If LL and LH keep forming → the trend is bearish.
If the structure breaks (for example, a HH forms in a downtrend) → the market may be shifting direction.
4. Practical Tips
Use the H4 timeframe to determine the overall trend.
Then, drop to M15 or M30 to locate precise HH/LL points for entry.
Avoid identifying HH/LL inside sideways (ranging) markets — it’ll only confuse your analysis.
Gold Outlook after the Dip. What to expect NOW?The price correction has ended, and the price is now in a strong support zone according to Fibonacci levels. From this point onward, the price is expected to rise and retest its previous high.
I think cycle the end This is only idea history base idea i dont know this is correct or not but this is very high rate poor person how to buy yellow metal uff heavy rate in markets this is danger for human life gold is not safe for womans snatching problums in humans life sorry for my poor language
GOLD I Weekly CLS I Model 2 - Target 50% I Eventually ATH...Hi friends, new range created. As always we are looking for the manipulation in to the key level around the range. Don't forget confirmation switch from manipulation phase to the distribution phase to make the setup valid. Stay patient and enter only after change in order flow. If price reaches 50% of the range take partial or full close.
📌 HTF - Higher Timeframe view
🧩 Complete proces and Strategy explained 👇 Click Below
🎯 Why your market approach also should be mechanical ?
NO Fixed Mechanical Trading Logic - You are guessing random patterns
NO Defined trading plan - Every trade different logic
NO Same logic in each trade - Not possible to backtest
NO Backtests on at least 300 trades - Not knowing Statistics
➡️ No Statistics ➡️ No Edge ➡️ Mindset ProblemS
🧠 Core of mindset problems
If you don't know your statistics on large enough data sample. You don't know your probabilities of win rate once the losing streak happen and it happens to every strategy. You will start doubting, hesitating to take next trade because you don't know statistics of your losses. In the end you will be doubting strategy and then jump to different one. You will be in the endless loop for years, looking for new better strategy. 👊 Your ultimate goal as a trader is not to be a generalist who knows 10 000 patterns. But rather create one system with narrowed criteria of each element of the trade to remove subjective and emotional decisions as much as possible and stick to this system no matter what. Practice it 10 000 times become a MASTER.
✨ Trading Mastery is reflection of your life
Have a longterm plan, No Alcohol & Drugs, Ignore others, Focus on your journey , Backtest regularly, Review your weeks, Journal mistakes, Exercise, Sleep well, Read books, Walks in nature (no phone) , Meditate, Reduce social media time, Spend time with family, Live Life.
Trading is hard, but not impossible. I believe in you 💪
David Perk aka Dave Fx Hunter
XAUUSD remains stable at high levels, focus on what comes nextHey everyone, Erik here.
XAUUSD has been showing strong momentum lately. After a sharp decline, the market quickly recovered, rebounding powerfully from the lower boundary of the newly projected channel. What initially appeared as weakness was actually a calculated shakeout, trapping sellers before reversing upward with confidence.
This behavior is typical of strong bullish trends. It clears out weak positions, triggers stop losses, and restores balance before the next upward movement. At this stage, the market appears to be entering the early phase of a new bullish impulse.
There might be a short consolidation or a slight correction, but the momentum is clearly pointing toward the upper boundary of the channel. For XAUUSD, the bullish continuation scenario seems far more convincing.
My target is around 4,585, near the upper resistance zone of the projected channel. The overall market structure remains decisively bullish, and the emotional surge during the last drop may become the fuel that powers the next strong rally.
Gold Bull Market Outlook And Targets: 5000 USD/7500 USDGold Bull Markets Long Term Overview and 2025 Market Update
________________________________________
🌊 Five-Wave Roadmap — Targets & Timing
• Wave 1 (2016–2020): From ~$1,050–1,200 to the COVID-era spike; established secular up-trend.
• Wave 2 (2020–2022): Consolidation/corrective pullback (~–20%).
• Wave 3 (2023–2025/26): Power leg to ATHs (current). Room to extend toward $4,200–$4,500 on flow surges before pausing.
• Wave 4 (2026, base case): Re-accumulation/consolidation ~12 months; likely range-bound –10% to –15% from the Wave-3 peak as institutional buying digests gains.
• Wave 5 (2027–2030/32): Final thrust to the cycle’s terminal zone:
– First objective: $5,000–$5,500 (consistent with 2026 Street “bull wave” scenarios).
– Terminal extension: $7,500–$8,000 by 2030–2032 (our desk’s stretch path if real yields stay muted, official-sector demand persists, and private capital rotation broadens).
Why Wave-4 can last ~12 months: prior secular bulls often paused for a full year near major breakouts while flows “change hands.” Expect lower realized vol, fading retail FOMO, and steady official accumulation to define the tape.
📈 Top 10 Stats of the Current Bull 2025
1. Price & ATHs: Spot ~$3.75–$3.79k; fresh ATH $3,790.82 on Sep 23, 2025.
2. 2025 YTD: Roughly +40–43% YTD
3. Central Banks: 1,045 t added in 2024 (later revised to ~1,086 t as lagged data came in). H1/Q1’25 tracking remained elevated.
4. ETF Flows: Back-to-back strong quarters; Q2’25 total demand 1,249 t, value US$132bn (+45% y/y) with ETFs instrumental.
5. Gold vs Equities: Gold ≈+40% vs S&P 500 ≈+13% total return YTD.
6. Jewelry Demand: Tonnage softened as prices surged; value at records (2024 down y/y; weakness persisted into H1’25).
7. Gold–Silver Ratio: ~85–88 (silver torque improving as it pushes into the mid-$40s).
8. Macro Link: Safe-haven bid + expected policy easing keep real-yield headwinds contained.
9. Technical: Confirmed 13-yr cup-and-handle breakout (Mar ’24) underpinning trend.
10. Street Forecasts: GS baseline $4,000 by mid-’26; bulled-up houses (HSBC/BofA) flag $4.9–$5.0k potential into 2026 if private/ETF rotation persists.
• This cycle is different: record central-bank buying + renewed ETF inflows + lower real rates = powerful tailwind.
• Price: Gold notched fresh ATHs this month (up to $3,790.82). 2025 is shaping up as the strongest year since the late 1970s.
• Relative: Gold is crushing equities YTD (≈+40% vs S&P 500 ≈+13% total return).
• Setup: A 13-year “cup-and-handle” breakout in 2024 kick-started the move.
• Outlook: Street base cases cluster near $4,000 by mid-’26; several houses now publish $4,900–$5,000 stretch targets into 2026 as flows accelerate.
________________________________________
🏆 Historic Gold Bull Markets — Timeline & Stats
1. 1968–1980 “Super Bull”
• Start/End: ~$35 → $850 (Jan 1980)
• Gain: ~2,330%
• Drivers: End of Bretton Woods, oil shocks, double-digit inflation, geopolitical stress.
• Drawdown: ~–45% (1974–1976) before the final blow-off run.
2. 1999–2011/12
• Start/Peak: ~$252 (1999) → ~$1,920 (2011–12)
• Gain: ~650%
• Drivers: Commodities supercycle, EM demand, USD weakness, GFC safe-haven bid.
3. 2016/2018–Present (The “CB-Led” Cycle)
• Start Zone: $1,050–$1,200 → New ATH $3,790 (Sep 2025)
• Gain: ~215–260% (depending on 2016 vs 2018 anchor)
• Drivers: Record central-bank accumulation, sticky inflation/low real rates, geopolitics; 2024 13-yr base breakout.
________________________________________
📊 At-A-Glance Comparison (Updated 2025)
Metric | 1968–80 Super Bull | 1999–2012 | 2016/18–2025 Current
🚀 Total Gain | ~2,330% | ~650% | ~215–260% (so far)
⏲️ Duration | 12 yrs | 13 yrs | 7–9 yrs (ongoing)
💔 Max Drawdown | ~–45% (’74–’76) | ~–30% (’08) | ~–20% (2022)
🏦 Main Buyer | Retail/Europe | Funds/EM | Central Banks
🏛️ Pattern | Secular parabolic | Cyclical ramps | 13-yr base → breakout (’24)
Notes: current-cycle characteristics validated by WGC demand trends & the 2024 technical breakout.
________________________________________
________________________________________
________________________________________
🔄 What Makes This Bull Different 2025 Edition
• 🏦 Central-Bank Dominance — Third consecutive 1k+ tonne year in 2024; 2025 is still tracking strong on a run-rate basis. This “sticky” demand is from price-insensitive reserve managers.
• ⚡ Faster Recoveries — Drawdowns are shallower/shorter vs the 1970s analog, consistent with a structural rather than speculative buyer base.
• 📈 Coexisting With Risk Assets — ATHs with equities positive YTD = macro hedge + diversification bid, not just “panic buying.”
• 📐 Structural Breakout — 13-yr base cleared in 2024; market now in multi-year price discovery.
________________________________________
🎯 Strategy Ideas 2025 & Beyond
• Buy/Hold on Dips: Stagger entries (DCA) into physical (allocated), ETFs (e.g., GLD/IAU), and quality miners/royalties.
• Prefer Physical/Allocated where counterparty risk matters; use ETFs for liquidity and tactical tilts.
Satellite/Leverage
• Silver & GSR Mean-Reversion: With GSR ~85–88, silver historically offers torque in up-legs. Pair with high-quality silver miners.
• Factor Tilt in Miners: Prioritize low AISC, strong balance sheets, reserve growth, rule-of-law jurisdictions; emphasize free-cash-flow yield and disciplined capex.
Risk-Management
• Define max drawdown per sleeve; pre-plan trims near parabolic extensions or if macro invalidates (e.g., real-yield spike).
• Use options overlays (collars on miners; long-dated calls on physical proxies) to shape payoff in Wave-3 late innings and Wave-4 digestion.
________________________________________
🧪 Reality Check: What Could Invalidate the Bull?
• Real yields + USD rip higher (sustained) → compress gold’s opportunity cost.
• Official-sector buying stalls (policy or FX-reserve shifts) → removes the anchor bid.
• Growth re-acceleration + faster-than-expected disinflation → weaker safe-haven + fewer rate cuts.
• Technical break: a persistent move below ~$3,600–3,700 would question Wave-3 extension and pull forward Wave-4.
________________________________________
🧭 Quick Reference Tables
🧾 Summary: Historic vs Current
Feature | 1968–80 | 1999–2012 | 2016/18–2025
Total Gain | ~2,330% | ~650% | ~215–260%
Duration | 12 yrs | 13 yrs | 7–9 yrs (ongoing)
Correction | ~–45% | ~–30% | ~–20% (’22)
Main Buyer | Retail/Europe | Funds/EM | Central Banks
Pattern | Parabolic | Cyclical | Cup & Handle → Secular
🧩 “If-This-Then-That” Playbook
• If real yields fall & CB buying persists → Ride trend / add on consolidations.
• If USD + real yields jump → Trim beta, keep core hedge.
• If GSR stays >80 with silver momentum → Overweight silver sleeve for torque.
________________________________________
🔚 Key Takeaways Updated
• Twin pillars: relentless official-sector demand + 2024 structural breakout.
• Base case: Street ~$3.7–4.0k by mid-’26 with upside to $4.5–5.0k on accelerated private/ETF rotation.
• Roadmap: Extend Wave-3 → Wave-4 re-accumulation (~12 months) → Wave-5 to $5,000–$5,500, then $7,500–$8,000 by 2030–2032 under favorable macro/flow dynamics.
• Operating stance: keep core, add on dips/sideways phases, manage beta and drawdowns proactively.
The Ultimate GOLD & SILVER Outlook || 5 Trade Setups + FOMC UpdaWelcome to Trade with Decrypters!
📊 DETAILED & COMPLETE ANALYSIS (5 TRADE SETUPS) — Gold & Silver Outlook
1️⃣ Central Bank Buying
* Q1–Q2 2025 net: 410t (+15% YoY)
* August: +19t
* BRICS hold 6,000t (21% of global reserves)
* Top buyers: 🇵🇱 Poland +90t | 🇨🇳 China +35t
* Motive: USD hedge + BRICS 2026 currency prep
📈 Outlook: Sustained demand supports 10–15% long-term gold upside
2️⃣ ETF Inflows & Sentiment
* Q3 inflows: $26B | AUM $445B (+25% YoY)
* Holdings: 3,200t
* Asia: +37t | US: Neutral
* Gold RSI: 68 (Support: $3,800 | Resistance: $4,000)
* Silver RSI: 72 (Support: $32)
🎯 Projection: Gold → $4,000/oz (Q4, +1%) | Silver → $35/oz (+9%)
3️⃣ Macro & Geopolitical Events
* Fed cuts: 75bps → 3.75%
* USD: -8% | CPI: +3.2%
* Tariffs add +0.5% global inflation (→ 4.2%)
* BRICS trade pacts counterbalance USD weakness
* Gold already +57% YTD on 20% risk premium
📊 Outlook: Trade wars + Fed easing = 5–7% metals gain H1 2026
4️⃣ Silver Deficit
* 2025 deficit: 118M oz
* Supply: 1.02 Boz | Demand: 1.20 Boz
* Industrial share: 59% (EVs China +25%, Solar +30%)
* Recycling: 20%
📈 Projection: 150M oz deficit (2026) → Silver +15%
5️⃣ Futures & Options Flow
* CME Gold OI: 550k (+10% MoM)
* Silver OI: 180k (+8%)
* GVZ: 18%
* Call/Put ratio: 2:1 | Net long: 65k gold calls
📊 Outlook: OI rise + call bias = 20–25% vol breakout Q1 2026
🔮 Fundamentals & Forecast
* Gold: 450t CB buying + de-dollarization →
🎯 $4,200/oz (end-2025, +12%) | 🎯 $5,000 (2026)
* Silver: 118M oz deficit + 59% industrial →
🎯 $38/oz (end-2025, +18%) | 🎯 $60 (2026)
⚡ Drivers: Fed easing, 4.2% inflation, US deficit, BRICS shift → strategic metals outperformance
🏦 FOMC Update (Oct 29, 2025)
* Decision: 2:00 PM ET
* 98%+ chance of 25bps cut → 3.75–4.00%
* Powell press conference: 2:30 PM ET
* Dot plot & QT update expected
* Markets volatile → cut likely supportive for Gold, Silver, Stocks & Crypto
Disclaimer: This analysis is for educational purposes only. Not financial advice.
gold usdHI GUYS,
GOLD usd is on the right shoulder , expect buys in london session to Take profit GRAND FINAL H4 HS
Gold Extends Its Decline Below the $4,000 LevelGold Extends Its Decline Below the $4,000 Level
As the chart shows, the XAU/USD quote has fallen below $3,945 today — its lowest level since 6 October. The downward momentum is being driven by traders’ caution ahead of two key events:
→ the U.S. Federal Reserve’s upcoming interest rate decision;
→ the meeting between U.S. and Chinese leaders, which could help ease tensions between the world’s two largest economies.
Technical Analysis of the XAU/USD Chart
The ascending channel (shown in blue) illustrates gold’s remarkable rally from the 20 August low (point A):
→ throughout September, the median line acted as strong support;
→ the peak at point B coincided with the upper boundary of the channel;
→ the QH line — dividing the upper half into quarters — alternated between resistance and support.
The black lines mark the consolidation zone observed between 21 and 27 October:
→ its lower boundary aligns with the median;
→ the shape resembles a Symmetrical Triangle pattern, which has since been broken to the downside.
The chart highlights the confidence of sellers — bears managed to push prices through the key support area defined by:
→ the psychological $4,000 level;
→ the 0.382 Fibonacci retracement (indicated by the orange arrow).
The next potential target for the ongoing decline lies near the QL line, which coincides with the round-number level of $3,900. However, this may only serve as a temporary barrier before bears attempt to drive the price lower — towards the bottom boundary of the primary channel.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Gold is entering a correction phase!Gold is currently moving within a corrective phase, which appears to be developing as a WXY structure.
Price is now completing wave X, with one final minor wave C to the upside likely remaining.
The more probable scenario suggests a limited bullish move toward the 4140–4180 zone before continuing lower as part of wave Y.
Bullish trigger: 4046 (for the final leg of wave C)
Bearish alternative: A confirmed breakdown and consolidation below 3960 would invalidate the current count and shift focus to a continuation of the broader bearish move — in that case, the wave structure will be updated accordingly.
