🚀 Gold 1H Forecast – Wave 5 Loading? 🥇✨
Alright traders, let’s decode this chart 👇
🔭 Bigger Picture
We’re cruising inside a clean ascending channel 📈.
Wave count shows we’re gearing up for the final push (Wave 5) after a solid corrective move.
Price just bounced off that 3,711–3,720 support pocket like a trampoline 🏀.
📉 The Pullback
The corrective ABC move (a–b–c) tapped into demand perfectly.
Liquidity trend got cleaned up — stops swept, weak hands shaken 😮💨.
That bounce birthed sub-wave (i), with (ii) retracing right into support (chef’s kiss setup 👌).
🚀 The Next Impulse
Expectation:
(iii) blast up into the 3,850s zone 💥
Shallow (iv) pullback (quick snack stop 🍔)
Then a final (v) rocket toward the 3,870–3,880 resistance 🎯.
⚡ Key Levels
Support: 3,711 → hold this = liftoff.
Resistance: 3,857–3,870 supply wall = Wave 5 target.
If support cracks, deeper discount levels below 3,677 open up. 🕳
🎯 Play Idea
Bias = Bullish (Wave 5 still in play).
Look for entries on pullbacks above 3,711 support.
Eye profit taking near 3,857–3,870 zone.
📌 Summary: Gold just reloaded at demand, structure screams Wave 5, and momentum’s cooking. Don’t chase green candles — let it dip, then ride the impulse 🚀.
Alright traders, let’s decode this chart 👇
🔭 Bigger Picture
We’re cruising inside a clean ascending channel 📈.
Wave count shows we’re gearing up for the final push (Wave 5) after a solid corrective move.
Price just bounced off that 3,711–3,720 support pocket like a trampoline 🏀.
📉 The Pullback
The corrective ABC move (a–b–c) tapped into demand perfectly.
Liquidity trend got cleaned up — stops swept, weak hands shaken 😮💨.
That bounce birthed sub-wave (i), with (ii) retracing right into support (chef’s kiss setup 👌).
🚀 The Next Impulse
Expectation:
(iii) blast up into the 3,850s zone 💥
Shallow (iv) pullback (quick snack stop 🍔)
Then a final (v) rocket toward the 3,870–3,880 resistance 🎯.
⚡ Key Levels
Support: 3,711 → hold this = liftoff.
Resistance: 3,857–3,870 supply wall = Wave 5 target.
If support cracks, deeper discount levels below 3,677 open up. 🕳
🎯 Play Idea
Bias = Bullish (Wave 5 still in play).
Look for entries on pullbacks above 3,711 support.
Eye profit taking near 3,857–3,870 zone.
📌 Summary: Gold just reloaded at demand, structure screams Wave 5, and momentum’s cooking. Don’t chase green candles — let it dip, then ride the impulse 🚀.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.