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XAUUSD: Bulls Eyeing a Spark from the 3357 – 3352 Launchpad!We witnessed a strong bullish surge in Gold following Friday's event-driven move. Now, XAUUSD is pulling back toward a key support zone at 3357–3352, where fresh buying interest is likely to emerge. A confirmed bounce from this area could pave the way for a bullish reversal and a push toward higher targets. 🔻 Trade Setup Entry: Buy at 3357 | Add on dips near 3352 Targets: Refer to marked zones on the chart Invalidation: Setup becomes invalid on a daily close below 3346 📌 Risk-Reward Outlook This setup offers a tight downside risk with strong upside potential. Stick to disciplined risk management and adjust your position size accordingly to suit your strategy. 👍 If this idea resonates with your view, drop a like and share your thoughts in the comments — let’s learn and grow together! Happy Trading, – The InvestPro Team
OANDA:XAUUSDLong
by InvestPro_India
1
Gold's Bullish Run Meets Resistance – Time to Fade the Rally?Gold (XAUUSD) surged strongly after Friday’s event-driven move, but the momentum now appears to be stalling. Price is consolidating in a defined range, and we’re watching a key resistance zone between 3475 – 3488, where fresh sellers may step in to challenge the bulls. 🔻 Short Trade Setup – Fading the Strength Entry: Sell at 3475 Add on Strength: 3485 Targets: See chart for marked zones Invalidation: Daily close above 3495 📉 Risk-Reward Outlook This setup presents a favorable risk-reward ratio, especially for short-term traders aiming to capitalize on a potential rejection at resistance. As always, keep your risk tight and position sizing disciplined. Gold has had its run — now the odds may favor the contrarian. Keep an eye on momentum and price action at the resistance zone. 👍 If this idea aligns with your view, give it a like and drop your thoughts in the comments — let’s exchange ideas and insights! 🔔 Follow us for more actionable trade setups. Happy Trading, – The InvestPro Team
OANDA:XAUUSDShort
by InvestPro_India
Gold Weekly Plan: Correction or New Rally Ahead? 🇮🇳Gold surprised everyone last week with a strong rally after the Jackson Hole symposium. The weakness in USD gave bulls fresh momentum, and now traders are once again eyeing the possibility of a new ATH in the coming weeks. But remember — after every big impulse, the market loves to test patience. A short-term correction is possible before the next strong leg up. This is where smart traders prepare, while emotional traders often get trapped. 📊 Technical Outlook (H4 Chart) Gold is moving inside a tight triangle pattern, signaling that a breakout is close. Friday’s bullish candle shows the market still favors buyers, but watch out: gold often dips lower before making a major breakout move. The strategy? Stay disciplined and only enter at confirmed Key Levels. 📌 Key Levels to Watch Resistance: 3370 – 3383 – 3400 – 3425 Support: 3350 – 3340 – 3326 – 3315 🔥 Trading Plan (MMFlow Strategy) BUY ZONE 🟢 Entry: 3340 – 3338 SL: 3334 Targets: 3345 – 3350 – 3355 – 3360 – 3370 – 3380 – 3390 – 3400+ SELL ZONE 🔴 Entry: 3400 – 3402 SL: 3407 Targets: 3395 – 3390 – 3385 – 3380 – 3375 – 3370 ✨ Question for Indian Traders: Do you think Gold will retest supports first or break 3400 directly? 🚀
OANDA:XAUUSDLong
by MMFlowTrading
Elliott Wave Analysis – XAUUSD 24/8/2025 Momentum • D1 timeframe: Momentum is still rising → High probability that price will continue its bullish move on Monday. • H4 timeframe: Momentum remains bullish → Price is expected to keep rising early in the week to complete wave (3) in yellow. • H1 timeframe: Momentum is heading into the oversold zone → The short-term correction is nearing its end, we look for buy opportunities. Wave Structure • D1 timeframe: Friday’s strong bullish candle reinforces the scenario that wave (1) and (2) in blue are complete, and wave (3) in blue may already be forming. We need price to break above the top of wave (1) in blue to confirm the development of wave (3). • H4 timeframe: Price rallied sharply and broke above the top of wave (1) in yellow → This confirms price is currently in wave (3) in yellow. With momentum on H4 still rising, wave (3) likely has more room to continue. • H1 timeframe: The corrective ABC structure has completed, followed by a sharp and steep rally (as projected in Friday’s plan). Price broke above 3350 – the top of wave (1) in yellow → Confirming the scenario that price is in wave (3) in yellow. o Minimum target for wave (3) in yellow: 3387. o Principle: Do not counter-trade wave (3); instead, wait for wave (4) correction to look for buy entries in wave (5). Trading Strategy With H1 approaching the oversold zone and showing a mild correction, we have two options for entries: 1. Breakout: Wait for price to break above the small descending trendline as shown on the chart → Enter breakout buy. 2. Pullback entry: Wait for price to retrace to the 3362 area → Buy from there. Trade Plan: • Buy Zone: 3364 – 3361 • Stop Loss: 3354 • Take Profit: o TP1: 3378 o TP2: 3387 o TP3: 3403
OANDA:XAUUSDLong
by WavePoint_FX
XAUUSD – Gold getting ready for a big breakout!Gold is moving exactly as expected: consolidation – breakout – consolidation again. Right now, price is forming a tight triangle pattern, showing strong pressure for the next move. 👉 With both technical setup and global macro headlines creating indecision, the market is waiting for a clear breakout. Once it happens, we can expect a strong trend in either direction. 🔑 Key Levels Resistance: 3337 – 3343 – 3350 – 3356 – 3365 Support: 3325 – 3320 – 3314 📌 Buy Plan Buy Zone: 3316 – 3314 SL: 3309 TP: 3320 – 3325 – 3330 – 3335 – 3340 – 3345 – 3350 – 3360 – 3370 📌 Sell Plan Scalp Sell: 3348 – 3350 SL: 3355 TP: 3344 – 3340 – 3335 – 3330 Sell Zone: 3365 – 3367 SL: 3372 TP: 3360 – 3355 – 3350 – 3345 – 3340 🎯 MMFLOW Note The tighter the range, the stronger the breakout. Always prepare for both bullish & bearish scenarios. Wait for confirmation at the Key Levels before taking positions.
OANDA:XAUUSD
by MMFlowTrading
Elliott Wave Analysis – BTCUSD 22/8/2025 Momentum • D1 timeframe: Momentum is currently in the oversold zone, with the downside range narrowing → suggesting the decline is slowing. This supports the potential for a short-term bullish rebound. • H4 timeframe: Momentum is turning upward, but the current strength is not yet enough to confirm a sustainable uptrend. Key signal: if H4 momentum enters the overbought zone and price breaks above the previous high, it will confirm a more solid bullish trend. • H1 timeframe: Momentum is turning down. Ideally, the pullback should not break below the 112k level. If this support holds, it would be the first signal of a possible bullish reversal. Wave Structure • D1 timeframe: Price has broken below the wave 4 low and is now reacting around this zone → confirming the risk of a longer-term corrective decline. However, D1 momentum still supports a short-term rebound in the form of wave B. This means we should avoid long-term Buy positions for now, and only treat upcoming upside moves as corrective rallies. • H4 timeframe: Price remains within a 5-wave structure (1–2–3–4–5, red). This could either be wave A of an ABC correction or wave 1 of a larger corrective structure. Further observation is needed. • H1 timeframe: A 5-wave structure (black) seems to be forming, with wave 5 potentially unfolding as an ending diagonal (triangle). Once this triangle completes, a sharp upward move is expected. Confirmation will come if price breaks above the 2–4 trendline. For now, watch for a break above 113.5k to trigger entry. Trading Plan • Stay patient and wait for a breakout above the 2–4 trendline on H1. • If confirmed, consider entering Buy positions to ride the corrective rebound.
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD 20/8/2025 1. Momentum • D1 timeframe: Momentum lines are still “sticking” together, signaling that the bearish pressure is weakening. However, without a strong bullish D1 candle to confirm reversal, there is still a risk of sudden downward spikes. Patience is required until a clear bullish confirmation appears. • H4 timeframe: Momentum is currently turning bullish, suggesting a potential upward move today. But caution is needed: if the bullish candles are short, overlapping each other, and when momentum reaches the overbought zone without breaking the previous high → this move is likely just a corrective rebound. • H1 timeframe: Momentum is in the overbought area, indicating the possibility of a minor pullback or sideways movement in the short term. 2. Wave Structure • D1 timeframe: The corrective triangle structure remains valid (only invalidated if price breaks below 3270). The main scenario continues to favor wave 1 and 2 in blue, with price currently in wave 2. • H4 timeframe: The decline in wave C shows overlapping sub-waves, each formed by 3-wave structures, hinting at the possibility of an ending diagonal for wave C. The pattern is not yet complete, so we need further observation for confirmation. • H1 timeframe: Within the 5-wave structure of an ending diagonal, wave 3 is typically the strongest and a divergence usually occurs between wave 3 and wave 5 on RSI. Yesterday’s decline pushed RSI into the oversold zone, but no divergence has formed yet. Combined with H4 momentum turning bullish, this suggests the current move is likely wave 3 (yellow). A corrective wave 4 upward is expected, followed by a final decline to complete wave 5 with RSI divergence. Once wave 5 ends, the entire wave C diagonal will be complete, paving the way for a strong bullish rally — a typical characteristic of ending diagonals. 3. Trading Plan The strategy is based on the ending diagonal pattern: • Conservative approach: Wait for a breakout above the upper boundary of the diagonal before entering. • Aggressive approach: Wait for wave 5 to complete and enter at the projected bottom of wave 5. Trade setup: • Buy Zone: 3301 – 3299 • Stop Loss (SL): 3219 • Take Profit (TP1): 3314 • Take Profit (TP2): 3362 • Take Profit (TP3): 3381
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD 19/8/2025 1. Momentum • D1 timeframe: Price is still waiting for confirmation of a bullish reversal in the oversold zone. The current decline has lasted for 7 daily candles, which is usually sufficient for a corrective wave → suggesting the down move is in its final stage. • H4 timeframe: Momentum is preparing for a bullish reversal in the oversold zone. We can expect 4–5 bullish H4 candles ahead, indicating a possible upward move today. • H1 timeframe: Momentum is tightening in the overbought zone. o If price makes a strong rally above 3343, the bullish move will be confirmed. o If price continues to consolidate sideways, a downward liquidity sweep may occur before pushing higher. 2. Wave Structure • D1 timeframe: Expectation remains that the abcde red triangle correction has been completed. The market is likely forming waves 1 and 2 (blue) of a new 5-wave bullish sequence. • H4 timeframe: The red ABC correction has already reached its first target at 3322. Combined with reversal signals on D1 and H4, this level could mark the bottom of wave C red or wave 2 blue. • H1 timeframe: After a strong rally yesterday, price is now in a deep pullback. This is likely wave 2 red, following the completion of wave 1 red. o Wave 2 has retraced to the 0.782 Fibonacci level of wave 1, making it a potential ending point. o However, since H1 momentum is still in the overbought zone, another drop is still possible. o If price breaks below 3324, then wave C might still be in progress, with key support zones at 3322 – 3315 – 3300. 3. Trading Plan • Current Buy position 3329–3332 is running with about 100 pips profit → this trade can be held for longer. o TP1: 3343 o TP2: 3362 o TP3: 3381 • If not in position yet, consider a Buy Limit: o Entry: 3333 – 3330 o SL: 3323 o TP1: 3343 o TP2: 3362 o TP3: 3381 👉 Note: If price breaks below 3324, I will update with new entry levels at lower support zones.
OANDA:XAUUSDLong
by WavePoint_FX
XAU/USD: Navigating the Uptrend and Key Support LevelsPrice Structure: Gold has been forming a series of higher highs and higher lows, indicative of a general uptrend. The chart labels a "high" and a "higher high," confirming this bullish structure. Support and Resistance: Two key support areas are identified: Support area S1: A narrow zone around 3,320 USD. The price recently bounced off this area. Support area S2: A broader, more significant zone around 3,290 USD, which appears to have been a strong support level in the past. Several horizontal resistance levels are marked: Immediate resistance: Around 3,351.231 USD and 3,366.029 USD. Higher resistance: At 3,408.819 USD and 3,438.677 USD. Channels and Trendlines: The price has been moving within a series of ascending channels (highlighted in green rectangles), suggesting a stair-step upward movement. A primary ascending trendline (black line) serves as a long-term support, with the price currently hovering just above it. Recent Price Action and Projections: The price recently broke out of a small downtrend and is showing signs of recovery from the "support area S1." A potential price path is drawn with a red arrow, indicating a possible move towards the immediate resistance levels around 3,351 USD and 3,366 USD. The chart highlights two specific price points, 3,360.604 USD and 3,350.685 USD, which likely represent a short-term trading range or target. Volume: The volume spikes visible at key price points (e.g., at the low on July 30 and during the recent drop) indicate strong market activity.
OANDA:XAUUSDLong
by Pipshunter27
Elliott Wave Analysis – XAUUSD – August 15, 2025 1. Momentum • D1 Timeframe: Momentum is preparing to reverse and the two lines are converging. We need to wait for the daily candle close for confirmation. At this stage, buying pressure is weak, but sudden downward spikes to sweep liquidity are still possible. • H4 Timeframe: Momentum is rising, suggesting a potential rebound today. If this rebound fails to break above Wave B’s high, another downward move is likely. • H1 Timeframe: Momentum is turning down, so a short-term drop is possible. If price breaks below 3331 and approaches the lower targets, it will align with H4’s upward momentum, creating the basis for a more stable rally. 2. Wave Structure • D1 Timeframe: The abcde triangle pattern may have completed. We now have a black 5-wave structure, with Wave 1 formed and price possibly in Wave 2. A break below 3270 would invalidate this 5-wave count. • H4 Timeframe: The black 12345 5-wave structure appears complete. Price may now be forming a purple ABC correction, with Waves A and B done, and price currently in Wave C. Based on Fibonacci from W12345, Wave C has two potential targets: o Target 1: 3322 (Fibo 0.618) o Target 2: 3298 (Fibo 0.782) • H1 Timeframe: Within Wave C, a black 5-wave structure seems to be developing, and price may now be in Wave 4. Wave 4 has two possible targets: 3343 and 3350, after which price could drop to complete Wave 5. 3. Key resistance zones where Wave 5 may end: • Target 1: 3322 • Target 2: 3315 • Target 3: 3299 4. Trade Plan • Scenario 1: o Buy Zone: 3322 – 3320 o SL: 3312 o TP1: 3332 o TP2: 3357 o TP3: 3381 • Scenario 2: o Buy Zone: 3300 – 3298 o SL: 3290 o TP1: 3314 o TP2: 3343 o TP3: 3381
OANDA:XAUUSDLong
by WavePoint_FX
3330 Liquidity Zone – A Fresh Bullish Structure is Emerging!The 3330 liquidity zone continues to prove its strength as gold rebounds sharply from this level, forming a clean new bullish structure on the M30 timeframe. Buyers are now pushing price to trade around 334x, and if this momentum holds, the next upside targets lie at the FIB – CP Zones above 335x and 336x. On the higher timeframe, the corrective wave is still in play, but short-term price action is opening opportunities for both BUY & SELL setups, provided we time our entries with precision. Market Context & Key News Today, the market will be watching the Trump–Putin meeting, which could trigger sharp geopolitical-driven moves. This Friday also brings the usual liquidity sweep, adding to potential volatility. That’s why MMFLOW recommends observing the trend closely to pick safe entry points and avoid getting caught in false breaks. Trading Plan 1. SELL Zones 3355 – Prime OBS SELL ZONE, expecting strong reaction. 3362 – Higher resistance, aligned with the descending trendline. Note: Best to take entries here if reached during Asia or early London; late London/NY session tests are prone to false break traps. 2. BUY Zones Watch 3334 – 3336 for early BUY entries on lower timeframes. Safe stop-loss: below 3330. If 3330 breaks → wait patiently for BUY opportunities around 331x. Action Strategy Prioritise early BUYs at 3334–3336 with confirmation signals. SELL at 3355 or 3362 if clear rejection occurs. Manage risk strictly – SL below 3330 for BUYs and above 3365 for SELLs. 💡 MMFLOW NOTE: This is gold – volatility can erupt at any moment. Control your emotions, wait for precise setups, and you’ll gain the edge.
OANDA:XAUUSDLong
by MMFlowTrading
1
Elliott Wave Analysis – XAUUSD August 14, 2025Elliott Wave Analysis – XAUUSD August 14, 2025 1. Momentum Analysis • D1 timeframe: Momentum is showing signs of reversal. Although price may not reverse immediately when the two momentum lines converge, this is a clear signal that the current selling pressure is weakening. • H4 timeframe: Momentum is declining and has only formed 2 H4 candles since the reversal began. It will likely take another 2–3 H4 candles to enter the oversold zone and potentially reverse upward. • H1 timeframe: Momentum is also falling, suggesting a likely downward move during the Asian session. ________________________________________ 2. Wave Structure • On H1, price is moving in a choppy manner, indicating a corrective phase that has nearly reached its target. • However, the D1 momentum preparing to reverse upward creates two possible scenarios: Scenario 1: D1 momentum reverses upward and confirms → The uptrend could last for 4–5 days, conflicting with the current scenario of a corrective wave B. In this case, we would have an alternative scenario of an initial diagonal wave 1 as shown in the right-hand chart. Scenario 2: D1 momentum enters the oversold zone and stays there → A strong drop would be needed to confirm that the current price action is wave B. ________________________________________ 3. Two Potential Price Scenarios 1. WXY corrective pattern → Target for wave Y is around 3381. 2. Initial diagonal wave 1 → Wave 2 could decline toward 3345 before wave 3 rises again. This scenario currently aligns better with the D1 momentum signal. ________________________________________ Conclusion: At present, there is a conflict between momentum signals and wave structure. Further observation is required to determine a clearer trading plan, so no trade recommendation for today.
OANDA:XAUUSD
by WavePoint_FX
Elliott Wave Analysis – XAUUSD (August 13, 2025) 1. Momentum • D1 Timeframe: Momentum is about to enter the oversold zone. By the end of today, it is likely to be fully in oversold territory. This stage often leads to strong price movement – either a sharp decline or a bullish reversal. • H4 Timeframe: Momentum is preparing to turn upward. We need to wait for the current H4 candle to close for confirmation. If confirmed, a recovery move is likely to occur today. • H1 Timeframe: Momentum is currently tightening and approaching the overbought zone – a typical sign of sideways price action. This explains why, despite the high probability of a recovery, H1 does not yet provide a good entry signal. ________________________________________ 2. Wave Structure • RSI shows a bullish divergence between price and the indicator – a pattern often seen in wave 3 or wave 5. This supports the view that wave 5 (black) has completed around the 3333 level. • With a complete 5-wave structure, wave A (red) of the ABC (red) correction may already be in place. • A recovery in wave B (red) is expected, which aligns with H4 momentum preparing to turn upward. Wave B typically forms a 3-wave corrective structure, where price moves in a choppy, overlapping manner rather than trending strongly. • Wave B target zones: 1. 3371 2. 3381 These two levels are close to each other, so they can be treated as one combined zone. The plan is to take the first target as the base level while extending the SL to cover the second target. If price approaches these levels, it’s best to watch real-time price action before entering a trade. • Alternative scenario: If wave 5 (black) is not yet complete, the 3323 zone remains a good Buy opportunity (as per the previous analysis). ________________________________________ 3. Trading Plan Sell Setup: • Entry Zone: 3371 – 3373 • SL: 3385 • TP1: 3358 • TP2: 3331 • TP3: 3323 Buy Setup: • Entry Zone: 3323 – 3321 • SL: 3313 • TP1: 3331 • TP2: 3357 • TP3: 3371 2. Wave Structure • RSI shows a bullish divergence, often seen in wave 3 or 5, suggesting wave 5 (black) may have completed around 3333. • Wave A (red) of the ABC cycle may be complete; wave B (red) is expected to recover in a 3-wave, choppy pattern. • Wave B target zone: 3371–3381 (treated as one zone; monitor price action before entry). • Alternative scenario: If wave 5 (black) is not yet complete, 3323 remains a potential Buy zone.
OANDA:XAUUSD
by WavePoint_FX
Elliott Wave Analysis – XAUUSD August 12, 2025 1. Momentum Analysis • D1 Timeframe: Momentum is declining → the downtrend remains intact. It may take another 2–3 daily candles for price to reach the oversold zone and potentially reverse. • H4 Timeframe: Momentum is rising → from now until the U.S. session, price may either retrace upwards or move sideways. • H1 Timeframe: Momentum is preparing to turn down → a minor pullback could occur in the short term, so this move should be monitored. ________________________________________ 2. Elliott Wave Structure • The green wave structure in the form of an ending diagonal may have been completed. This could mean that Wave 5 or Wave C (black) has formed. • Personally, I do not want to see the Green 5-Wave Structure end with an ending diagonal at this stage because: o If this is an impulsive uptrend structure, we are only at Wave 1 of the larger degree. o An ending diagonal in Wave 5 (black) indicates weak buying pressure, which is not ideal when price hasn’t broken the previous high to confirm a new trend → increasing the probability that this is a corrective wave. • Looking at the current downward wave structure, I tentatively label it as five black waves 1-2-3-4-5. The current slight rebound is expected to be Wave 4, which could take the form of either a Flat or Triangle. • Wave 4 targets: 1. 3358 2. 3364 • If price breaks 3381, the current 1-2-3-4-5 bearish count will be invalidated (Wave 4 would overlap Wave 1). In that case, the structure could turn into a corrective ABC or a new 5-wave advance. • With a Wave 4 target at 3364, the projected Wave 5 target would be 3323. ________________________________________ 3. Combining Momentum & Wave Structure • D1 downtrend → supports the scenario of another drop, forming Wave 5. • H4 rising + H1 declining → could indicate Wave 4 forming as a triangle, with the key signal being that the current drop does not break 3342. o If 3342 breaks, Wave 5 may already be in play, targeting 3323. • Since H4 momentum is still rising, there remains a chance that price breaks above 3381, which would require a full recount—possibly turning into an ABC correction or a 5-wave rally. ________________________________________ 4. Trading Plan • If Wave 4 forms as a triangle → the 3358 area is a good sell zone, or wait for a breakout below 3342. • Limit Sell Order: o Entry: 3364 – 3366 o SL: 3374 o TP1: 3342 o TP2: 3333 o TP3: 3323
OANDA:XAUUSDShort
by WavePoint_FX
Elliott Wave Analysis – XAUUSD August 10, 2025 1. Momentum Analysis • D1 Timeframe: Daily momentum lines are still overlapping without a confirmed reversal signal. This suggests that a potential reversal could occur within the next 1–2 days. • H4 Timeframe: Momentum is currently rising, indicating that prices may continue to climb during the Asian session tomorrow. • H1 Timeframe: Momentum is also rising, further supporting the expectation of continued upside movement in the Asian session. ________________________________________ 2. Wave Structure Analysis • Current price action is overlapping, reinforcing the hypothesis that an ending diagonal is forming. • This structure could either be part of Wave 5 (black) or Wave C (black). In both cases, it represents an ending diagonal 12345, with the market currently in Wave 4 (blue). • Confirmation signal: A sharp and steep decline will confirm the ending diagonal — as mentioned in previous plans, this has not yet occurred. • The projected completion targets are at 3412 or 3419. If the price breaks 3439, it will likely confirm the completion of Wave 5 (black). ________________________________________ 3. Possible Scenarios • Scenario 1: If the current move is part of a 5-wave 12345 black structure, once Wave 5 completes, a corrective ABC 3-wave decline could follow, targeting 3333. • Scenario 2: If the current move is part of a 3-wave ABC black structure, once Wave C completes, a 5-wave bearish sequence could unfold, breaking below 3315. ________________________________________ 4. Combining Momentum & Wave Structure Given that: • D1 is in the overbought zone and could reverse within 1–2 days, • H4 momentum is rising, and • Price is likely in Wave 4 (blue), → On Monday, we may see one more upward push to complete Wave 5 (blue). This presents a potential SELL opportunity in the 3412–3419 target area. Since this is a wide zone, it’s best to wait for clear reversal signals before entering. ________________________________________ 5. Trade Plan SELL ZONE 1: 3411 – 3413 • SL: 3416 • TP1: 3400 • TP2: 3381 • TP3: 3342 SELL ZONE 2: 3419 – 3421 • SL: 3429 • TP1: 3400 • TP2: 3381 • TP3: 3342
OANDA:XAUUSDShort
by WavePoint_FX
Elliott Wave Analysis – XAUUSD August 8, 2025📊 🔍 Momentum • D1 Timeframe: Daily momentum is currently turning down, limiting the potential for a long-term rally in the current bullish wave. This also suggests that the top may already have formed around the 3,409 level. • H4 Timeframe: Momentum is still declining and needs about one more H4 candle to reverse upward. For now, the downward move is likely to continue, so caution is advised. • H1 Timeframe: Showing early signs of a short-term bearish reversal. This decline is important and will be analyzed further after the wave structure review. 🌀 Wave Structure The current price action suggests a potential Ending Diagonal formation. Once completed, this pattern is typically followed by a sharp and sudden drop. So far, no sharp decline has occurred, meaning the ending diagonal may not be finished yet. The ideal completion zones for Wave 5 are around 3412 or 3419. Ending diagonals tend to develop in a complex manner, so a safer approach is to enter trades after price breaks below the lower boundary of the diagonal. 👉 Additional Scenario: If H1 momentum reverses downward and price breaks below 3381, it is likely to drop toward 3371. This area could be considered for a Buy setup. Conversely, if price does not break below 3381 and instead rises toward 3412, it may indicate that Wave 5 is completing at that level. 📈 Trading Plan • SELL Zone 1: 3412 – 3414 o SL: 3417 o TP1: 3393 o TP2: 3372 • SELL Zone 2: 3419 – 3421 o SL: 3429 o TP1: 3395 o TP2: 3372
OANDA:XAUUSDShort
by WavePoint_FX
Elliott Wave Analysis – XAUUSD | August 7, 2025📊 ________________________________________ 🔍 Momentum Analysis: • D1 Timeframe: Daily momentum is turning bearish, signaling that a medium-term downtrend may have already started and could last until mid-next week. • H4 Timeframe: Momentum is rising, but the slope of the two momentum lines is relatively flat → indicating weak bullish strength. We should closely watch the overhead resistance zones. • H1 Timeframe: Momentum has entered the overbought zone → a short-term reversal is likely, especially near the 3386 level. ________________________________________ 🌀 Elliott Wave Structure: • Based on the bearish momentum shift on the D1 chart, we expect the market is entering an ABC corrective pattern (in green). • Currently: o Wave A is completed. o Wave B is in progress. • Since Wave A appears to be a 3-wave structure, Wave B may unfold as a flat correction. In that case, potential target zones for Wave B are: o 3385 o or 3395 → these are the key resistance levels to monitor. • Within Wave B (green), we observe an internal 3-wave ABC structure (in red), where: o Wave C (red) may reach:  3386  or extend toward 3395 → In alignment with the D1 momentum signal, 3386 is considered a potential entry point for a short position. ________________________________________ 📈 Trade Plan: • SELL Zone: 3386 – 3389 • Stop Loss: 3397 • Take Profits: o TP1: 3370 o TP2: 3353 o TP3: 3333
OANDA:XAUUSDShort
by WavePoint_FX
Elliott Wave Analysis – XAUUSD August 6, 2025📊 ________________________________________ 🔍 Momentum Analysis • D1 Timeframe: Daily momentum is showing signs of a potential bearish reversal. However, we need to wait for today’s candle to close to confirm the signal. While waiting for confirmation, price may still experience a minor upward move on lower timeframes, but the current bullish momentum is weak and unlikely to extend far. • H4 Timeframe: Momentum is also preparing to reverse. We need to observe the current H4 candle for confirmation. Notably, the reversal signal is forming just below the overbought zone, suggesting there may be one more upward push before a potential decline. • H1 Timeframe: Momentum is approaching the oversold zone. It may take 1–2 more bearish candles before a short-term bullish rebound occurs. ________________________________________ 🌀 Elliott Wave Structure Update Yesterday’s bullish move was disappointing — instead of pushing directly to the 3402 or 3419 target zones to complete Wave 5, price only broke slightly above 3385 before reversing. This behavior complicates wave analysis by introducing conflicting possibilities. We currently consider two main scenarios: Scenario 1: Wave 5 is not yet complete • Given that D1 momentum is preparing to reverse downward, it’s unlikely that the current move is Wave 1 of Wave 5. A more likely scenario is that Wave 3 of Wave 5 has completed and price is currently in Wave 4. • The current corrective structure has stopped at the 0.382 Fibonacci level. As long as price remains above 3370 (the 0.5 Fib level), this strengthens the case for a Wave 4 retracement before another leg up in Wave 5. • Since bullish strength appears limited, we now focus on two main target zones for Wave 5: 3395 and 3402, instead of the previous high at 3419. Scenario 2: Full 5-wave structure is complete – now in correction • If the 5-wave pattern has already finished, the current decline marks the beginning of a corrective phase. • With current momentum conditions, this is still a viable scenario. However, due to the remaining upside possibility, we recommend waiting for today’s D1 candle to confirm momentum before taking any trade. ________________________________________ 📌 Trade Plan For experienced traders: • Wait for price to reach the 3395–3402 zones. • Look for reversal signals in those areas to enter short positions. Suggested trade plan for newer traders: • Sell Zone: 3395 – 3398 • Stop Loss: 3408 • Take Profits: o TP1: 3385 o TP2: 3370 o TP3: 3349 ________________________________________ ✅ Note: This trade plan should be reassessed after today’s D1 candle closes for confirmation of the momentum shift.
OANDA:XAUUSDShort
by WavePoint_FX
Elliott Wave Analysis – XAUUSD, August 5, 2025📊 ________________________________________ 🔍 Momentum Analysis: • D1 Timeframe: Momentum has entered the overbought zone. As anticipated in previous plans, we've seen four consecutive bullish days, and the current overbought condition signals that bullish momentum is weakening. • H4 Timeframe: Momentum is reversing downward → We expect a potential pullback today, at least until the US session. • H1 Timeframe: Momentum is also turning down → This supports the possibility of a short-term pullback on the H1 chart. ________________________________________ 🌀 Wave Structure Analysis: Currently, there are two key scenarios to consider: ✅ Scenario 1 – ABC Correction Structure (black labels): • If this is a C wave completing an ABC correction, the current bullish move is likely over. • In this case, price may break below the 3315 support zone, resuming the medium-term bearish trend. ✅ Scenario 2 – Impulse Wave 12345 (black labels): • If this is wave 5 of a 5-wave impulse, the uptrend may not be complete yet. • Currently, wave 5 has reached its first target at 3385, however, we must still watch for an extended target around 3402. • Notably, wave 4 took the form of a triangle. According to Elliott Wave theory, when wave 4 is a triangle, wave 5 typically travels a distance equal to the triangle’s maximum height → This makes 3385 a highly probable peak area. ________________________________________ 🧭 Trade Plan (Reference Only): 🔹 Sell Setup #1 – Near Potential Wave 5 Top: • Sell Zone: 3375 – 3378 • Stop Loss: 3387 • TP1: 3365 • TP2: 3344 • TP3: 3333 🔹 Sell Setup #2 – In Case of Extended Wave 5: • Sell Zone: 3400 – 3402 • Stop Loss: 3410 • TP1: 3385 • TP2: 3368 • TP3: 3333
OANDA:XAUUSDShort
by WavePoint_FX
Elliott Wave Analysis – XAUUSD, August 3, 2025📊 🔍 Momentum Analysis: D1 Timeframe: Momentum continues to rise strongly. It's expected that the price will keep rising for at least two more trading days, pushing the momentum indicator into the overbought territory, reinforcing the current bullish trend. H4 Timeframe: Momentum is showing signs of a potential bearish reversal, indicating a possible corrective pullback during Monday’s trading session. H1 Timeframe: Momentum is strongly bullish, especially evident from the powerful upward move on Friday. Price may continue rising at the open of the Asian session, potentially creating a Gap. However, caution is advised, as this Gap could signal exhaustion. 📌 Wave Pattern Analysis: Given Friday's strong price action, the primary scenario currently favors wave 3 within the 5-wave bullish structure (12345 – black). However, we cannot entirely eliminate the possibility that this is wave C within an ABC corrective structure (black). Presently, the price is forming a smaller 5-wave bullish structure (blue), likely in the final wave 5. Attention should be paid to two critical target zones: 🎯 Blue Wave 5 Targets: • Target 1: 3368 • Target 2: 3385 ⚠️ Next Scenario: Upon completing the blue 5-wave structure, a corrective move downward will occur. • If the correction does not break below 3315, the larger 5-wave bullish structure (12345 – black) is confirmed, and the price will continue upward to complete black wave 5. • If the correction breaks below 3315, the structure shifts to an ABC corrective pattern (black), increasing the likelihood of a deeper decline to complete the larger corrective wave C (red). 🧩 Combining Momentum & Wave Analysis: • D1 momentum strongly supports the continuation of the bullish trend. • H4 momentum forecasts a short-term bearish correction on Monday, aligning with the formation of wave 4 correction. • H1 momentum suggests the possibility of a Gap at Monday's Asian session open, marking the beginning of a corrective pullback as momentum reverses. 🎯 Short-term Trading Plan: We will trade the current blue wave 5 with the following limit order plan: ✅ Sell Limit Zone: 3385 – 3387 ⛔️ Stop Loss (SL): 3399 🎯 Take Profit (TP1): 3368 🎯 Take Profit (TP2): 3355 📌 Note: The detailed trading plan for capturing the larger wave 4 correction (black) will be updated once sufficient evidence confirms the completion of the blue wave 5. Happy trading, everyone! 🚀
OANDA:XAUUSDShort
by WavePoint_FX
Elliott Wave Analysis – XAUUSD August 1, 2025📊 ________________________________________ 🔍 Momentum Analysis: • D1 Timeframe: Momentum has reversed to the upside. Based on this signal, we expect a bullish trend to continue for the next 5 daily candles — likely until mid-next week. • H4 Timeframe: Momentum has also turned upward → This suggests that from now until the U.S. session, the price will likely continue to rise or consolidate with an upward bias. • H1 Timeframe: Momentum is currently turning down → We anticipate a short-term corrective move. We should wait for H1 to enter the oversold zone and give a bullish reversal signal before looking for long entries. ________________________________________ 🌀 Wave Structure Analysis: The current wave structure remains complex and lacks clear confirmation. Thus, the current wave labeling should be considered provisional. However, the wave count has not been invalidated, and D1 momentum supports a bullish outlook — so we continue to maintain our wave structure bias. Important Note: Wave (C) in red appears relatively short. This leaves open the possibility that the price may continue lower, targeting: • ⚠️ 3246 • ⚠️ 3200 → This scenario will be triggered if price breaks below 3268, especially given today's Nonfarm Payroll (NFP) report. ________________________________________ 📌 Two Possible Wave Scenarios: 1. Scenario 1: Black Waves 1 – 2 – 3 o Wave 1 (black) is complete. o We are now in Wave 2 (black) → Preparing for Wave 3. o Wave 3 tends to be strong, impulsive, and sharp with large candle bodies. o Target: 3351 2. Scenario 2: Black ABC Correction o The market is currently in Wave B (black). o Potential target for Wave C: 3328 ________________________________________ 🛡 Support Zones & Trade Strategy: • Support Zone 1: 3290 → A good area for potential buying, but we must wait for H1 to enter the oversold region and show a bullish reversal. • Support Zone 2: 3275 → Deeper buy zone if the price corrects further. ________________________________________ 💡 Trade Plan: 📍 Option 1 – Buy Limit: • Buy Zone: 3290 – 3289 • Stop Loss: 3280 • Take Profit 1: 3309 • Take Profit 2: 3328 • Take Profit 3: 3351 📍 Option 2 – Buy Limit: • Buy Zone: 3275 – 3273 • Stop Loss: 3265 • Take Profit 1: 3309 • Take Profit 2: 3328 • Take Profit 3: 3351 ________________________________________ 📎 Notes: • Experienced traders should wait for clear confirmation signals on H1 before entering trades. • New traders may consider using limit orders in the proposed buy zones.
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD | July 30, 2025📊 🔍 Momentum Analysis • D1 Timeframe: Momentum has started to reverse upward, but we need to wait for today’s daily candle to close for confirmation. Until then, there is still a risk of another short-term decline. • H4 Timeframe: Momentum lines are clustering in the overbought zone, signaling a possible weakening of the current upward move. However, this signal alone is not enough to confirm that the uptrend has ended. ________________________________________ 🌀 Wave Structure • Price has reached the projected target for wave e, but there has been no strong bullish reaction. The recent candles are short-bodied and overlapping – typical of corrective structures. Also, this wave has lasted longer than previous corrective upswings, suggesting that the decline may not be over yet and the wave count needs to be reviewed. Currently, we are facing two equally probable scenarios (50/50), but they suggest opposite outcomes: ➤ Scenario 1: Zigzag (5-3-5) Structure • The current structure may represent only wave A of a larger zigzag. • We are now in wave B, which tends to be complex and unpredictable, making it not ideal for wave-based trading. • The red zones marked on the chart indicate potential target areas for wave B. ➤ Scenario 2: Completed 5-Wave Correction • The downtrend may have completed at wave (e). • The current upward movement could be wave 1 forming as a triangle – a potential start of a new bullish cycle. • However, to confirm this scenario, price must hold above 3309. If it fails to do so and H4 momentum reverses downward, a new low is very likely. ________________________________________ 📝 Trading Plan Given the current market conditions, I only recommend short-term scalp trading based on the predefined support and resistance zones. Avoid wave-based trading until the structure becomes clearer. Once clarity returns, I will provide an updated trading plan.
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD – July 28, 2025📊 ________________________________________ 🔍 Momentum Analysis: • D1 Timeframe: Momentum has entered the oversold zone. This strongly suggests a potential bullish reversal today, which could lead to a rally or sideways movement lasting around 4–5 days. • H4 Timeframe: Momentum is reversing upward. This indicates a likely bullish or sideways move in the short term, at least until momentum reaches the overbought zone (estimated within the next 2 H4 candles). • H1 Timeframe: Momentum is currently overbought, so we may first see a pullback or sideways movement until a clearer reversal signal appears. ________________________________________ 🌀 Wave Structure Analysis: • On the H4 chart, as noted in previous plans, the assumption that price is forming a contracting triangle (abcde) is still valid. Price is currently in the final leg (wave e) of this triangle. • On the H1 chart, we can observe a channel structure, within which an abc corrective pattern is unfolding. • The lower boundary of the triangle (marked by the green trendline) combined with support zones will be critical areas to monitor for the end of wave e. 🔺 Note: Wave e does not necessarily end precisely at the triangle boundary – it can slightly overshoot. Hence, we’ll rely on smaller wave structures to identify potential reversal zones. ________________________________________ 🎯 Key Price Zones to Watch: • Target 1: 3329 • Target 2: 3309 • Target 3: 3290 ________________________________________ 🔎 Lower Timeframe Structure (M10): From the current price action (as shown in the chart), we can see a leading diagonal triangle structure forming. This is a pattern commonly seen in wave 1. If this pattern is confirmed, a sharp and steep decline toward the 3329 zone is likely. ________________________________________ ⚖️ Combining Momentum & Wave Structure: • D1: Signals a potential reversal → favors Buy setups. • H4: Momentum is rising, but price hasn’t confirmed a new bullish trend → need to stay alert and tighten Stop Loss. • H1: Overbought + possible leading diagonal → Expecting a pullback for wave 2 toward 3329 → this would be the optimal Buy zone. ________________________________________ 🧭 Trade Plan: • For experienced traders: → Wait for price to reach key levels and watch for reversal signals before entering. • For beginners: → Use the following Limit Buy setup: ✅ Setup 1: • Buy zone: 3330 – 3328 • Stop Loss: 3320 • TP1: 3351 • TP2: 3370 • TP3: 3385 ✅ Setup 2: • Buy zone: 3310 – 3308 • Stop Loss: 3300 • TP1: 3328 • TP2: 3351 • TP3: 3370
OANDA:XAUUSDLong
by WavePoint_FX