WaveTalks -COMEX GOLD: The Sharp Fall 4479 to 4355's- What Next?

Comex Gold
1:42 am / 11th Sep 2026 (Indian Standard Time)
Last @ $4364


"Is Gold teasing before a deep dive? Well, only the next few candles will tell. Did you get the red candles? Like there was no floor... This is exactly what unfolded and is called a Thrust (Deep Dive)."The quote above highlights the real-time breakdown flagged earlier on the WaveTalks social media channels at 11:29 am on 10th September 2026.


Already completed 1st Bigger Impulse
$3963 to $4755 & Fall from $4755 to $4329 - Discussed via Social Media Handle.. This analysis continuation from $4329 lows.


⚠️ DISCLAIMER:
This analysis is for educational purposes only. No solicitation to buy or sell.


Primary Wave Scenario - ABC
( Wave-A Blue Color Done at $4329.2...Wave-B Blue Color unfolding as Smaller Wave - abc in black...Once Wave-B completes on top close to $4590-4600... Expect Fall in Wave-C Blue Color )

Alternate Wave Scenario- ???

Gold futures are currently completing a sharp thrust lower in a complex Wave-B correction down to the $4,350-4355 area before embarking on a bullish reversal toward the $4,600 region as a possible scenario.

🟢 1. CURRENT ELLIOTT WAVE STRUCTURE 🟢

• The initial impulsive rally from the $4,329 bottom completed Wave- (A) Black at the $4,558 peak.
• Since that top, price action has been carving out a choppy and messy complex Wave-B structure - which is ongoing ...current low is 4355's ( 12:54 pm /11th Sep 2026 / Indian Standard Time )
• This corrective wave featured a connecting contracting triangle pattern labeled sub-waves a through e.
• The sudden drop from the $4,479 sub-wave e peak represents a classic post-triangle thrust.
• This floorless decline is rapidly flushing out weak longs to finalize the corrective phase.

🟢 2. PROJECTED UPSIDE TRAJECTORY 🟢

• Once the current downward thrust concludes near the $4,350-4365 support zone, a bullish reversal is expected next.
• This upcoming advance will develop as a major impulsive Wave-C leg to the upside.
• The multi-session bullish recovery will officially trigger once price decisively breaks back above the $4,410-$4,420 trigger zone.
• The primary upside targets reside at the previous structural high of $4,479 - 4,489 zone and the major resistance cluster between $4,550 and $4,560.
• Extending the wave relationships suggests the rally could ultimately reach a peak within the $4,590-$4,600 terminal window.

🟢 3. RISK MANAGEMENT AND KEY LEVELS 🟢

Trading this layout requires strict adherence to defined risk parameters at every major pivot zone.
• Immediate Downside Support: $4,350-4365 zone
• Bullish Breakout Confirmation: $4,410-$4,420
• Intermediate Resistance Targets: $4,479 - 4489
• Major Supply Cluster: $4,550-$4,560
• Terminal Target Zone: $4,590-$4,600


🟢 4. NEXT WEEK HORIZON 🟢

• As the broader blue Wave-B peak nears completion close to the $4,600 level next week, buyers must aggressively secure profits.
• A major structural top is anticipated to form inside that high-altitude supply zone.
• Reaching this terminal zone will complete the larger-degree corrective bounce and set the stage for a bearish reversal.
• Traders must exercise extreme caution at those highs of $4590-4600 zone (If unfolds) because the subsequent leg will unfold as a deep, aggressive liquidation phase in blue Wave-C.


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