Elliott Wave Analysis XAUUSD – September 10, 2025🌀
🔹 Momentum
• D1 timeframe: Momentum is showing signs of a bearish reversal → the market may enter a corrective decline, possibly lasting through the end of this week.
• H4 timeframe: Momentum is turning upward → a short-term recovery could appear today, pushing the indicator into the overbought zone.
• H1 timeframe: Momentum is already in the overbought area and turning down → a short-term decline is likely.
________________________________________
🔹 Wave Structure
• D1: Price has reached the projected target of wave iii (black). With D1 momentum reversing downward, wave iv (black) may be forming. Since wave ii (black) was relatively long, there is a possibility that wave iv (black) could unfold more quickly.
• H4: Yesterday’s decline may suggest that wave v (purple) has temporarily completed. If this scenario plays out, price could move into a corrective phase toward the wave iv target area. The correction may develop as a Zigzag, Flat, or Triangle.
• H1: Price is consolidating within the liquidity zone 3657 – 3631. With H4 momentum hinting at correction, one possible scenario is sideways movement here to complete wave B, followed by a decline into wave C.
o If price breaks and closes below 3631 → the liquidity zone at 3595 may act as the next support.
o Potential targets for wave C:
3595 (aligned with 23.8% Fibonacci retracement).
Or 3556 – 3528 (aligned with 38.2% Fibonacci retracement).
________________________________________
🔹 Trade Scenarios (for reference only)
• Sell Zone: 3657 – 3659
o SL: 3667
o TP1: 3631
o TP2: 3563
• Buy Zone 1: 3596 – 3594
o SL: 3585
o TP1: 3669
o TP2: 3749
• Buy Zone 2: 3557 – 3555
o SL: 3547
o TP1: 3597
o TP2: 3705
📌 Note: The Sell setup at 3657 should be considered with small position size as it goes against the main trend. If price reaches 3595, this Sell scenario could lose validity.
