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Elliott Wave Analysis – XAUUSD July 24, 2025📊 ________________________________________ 🔍 Momentum Analysis: • D1 Timeframe: Momentum is currently in a downtrend, indicating that the dominant trend in the short term (at least until early next week) is likely to remain bearish or sideways. • H4 Timeframe: Momentum has entered the oversold zone and is showing signs of a potential bullish reversal. This suggests that a corrective upward move may occur today. • H1 Timeframe: Momentum is still declining and is expected to need around two more H1 candles before entering the oversold zone, implying that one more leg down may occur before a recovery begins. ________________________________________ 🌀 Elliott Wave Structure Update: Yesterday’s expectation of a breakout above the resistance zone at 3453 to confirm the start of a new bullish trend did not materialize. Instead, price dropped to the 3374 region, opening up two primary scenarios: ✅ Scenario 1: The correction is still unfolding • Wave (d) in blue appears to be complete. • The current leg is likely wave (e), the final leg in a contracting triangle correction. • In this case, the lower boundary of the triangle and overlapping support zones will serve as key levels to watch for the completion of wave (e). ✅ Scenario 2: Wave 1 of a new bullish trend has completed • The current decline is wave 2 in a new bullish impulsive sequence. • The objective here is to identify the bottom of wave 2 to prepare for a potential buy entry into wave 3, which is expected to be stronger and longer than wave 1. 📌 Key difference between the two scenarios: • Scenario 1 → Wave (e) completes, followed by wave 1 of wave 5. • Scenario 2 → Wave 2 completes, followed by a powerful wave 3 of wave 5. ________________________________________ 🧩 Current Wave Structure: • A five-wave bearish structure is currently unfolding on the chart. • According to Elliott Wave Theory, corrective patterns do not typically form five-wave structures. • Therefore, this is likely wave A in a zigzag (5-3-5) formation. • Possible targets for wave 5 within wave A: o Target 1: 3374 – current reaction zone. o Target 2: 3360 – next significant support level. ________________________________________ 📌 Combining Wave Structure with Momentum: The D1 momentum is firmly bearish, reinforcing the view that the market is undergoing a larger ABC correction. On the H4 timeframe, momentum is oversold and showing early signs of reversal, aligning with the potential formation of wave B — typically a weak, sideways upward move. The likely resistance zone for the end of wave B lies between 3401 and 3410. Meanwhile, H1 momentum is still falling and not yet in the oversold zone, suggesting there may be one more move down to complete wave 5. The ideal target for this final leg is around 3360. Summary: • D1 bearish → confirms ongoing major correction. • H4 oversold → supports a potential weak wave B. • H1 still declining → wave 5 may complete around 3360 before a recovery begins. ________________________________________ 💼 Suggested Trading Plan: For traders with limited experience or those not yet confident in reading live market signals, a Buy Limit strategy at clear support levels is recommended: • Buy Zone: 3362 – 3360 • Stop Loss: 3352 • Take Profit: o TP1: 3384 o TP2: 3400 🎯 For experienced traders, it is advised to observe price action at the target support zones and look for real-time reversal signals to optimize entry timing.
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD July 23, 2025 ________________________________________ 🔍 Momentum Analysis: • D1 Timeframe: Daily momentum is showing signs of a potential bearish reversal. We need to wait for today’s daily candle to close to confirm this. It signals that the bullish momentum is weakening. • H4 Timeframe: Momentum is turning down. It may take around 2 more bearish H4 candles to push momentum into the oversold zone → suggesting continued downside movement today. • H1 Timeframe: Momentum is already in the oversold zone and the indicators are “clinging” together → implying possible continued minor declines or sideways movement. ________________________________________ 🌀 Elliott Wave Structure Update: • On the H1 chart, a 5-wave structure (yellow) is unfolding. o Wave 3 (yellow) appears completed, supported by a clear 5-wave internal structure in blue. o The market is currently in Wave 4 (yellow) – a corrective move. 🔸 Potential Wave 4 (yellow) targets: • Target zone 1: Around 3412 • Target zone 2: Around 3402 📌 Once Wave 4 (yellow) completes, we anticipate the market will form Wave 5 (yellow). 🔸 Projected Wave 5 (yellow) targets: • TP1: 3461 • TP2: 3492 (in case of an extension) ________________________________________ 🔄 Combining Momentum & Wave Structure: • The potential bearish reversal in D1 momentum suggests the current bullish trend may be nearing its end – consistent with Wave 5 being the final push before a broader correction. • H4 and H1 momentum support the ongoing correction in Wave 4. ✅ Wave 4 typically takes the form of a zigzag, flat, or triangle → Wait for a strong bullish H1 candle to confirm the end of Wave 4 and initiate a buy entry. ________________________________________ 📊 Trade Plan: 🟩 Buy Zone 1: • BUY ZONE: 3414 – 3412 • SL: 3407 • TP1: 3439 • TP2: 3461 • TP3: 3492 🟩 Buy Zone 2: • BUY ZONE: 3403 – 3401 • SL: 3393 • TP1: 3439 • TP2: 3461 • TP3: 3492
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD | July 22, 2025 🔍 Momentum Overview • D1 timeframe: Momentum has entered the overbought zone, signaling a potential reversal within the next 1–2 sessions. That said, the current bullish leg may still extend — it’s important to wait for tomorrow’s D1 candle close for confirmation. Entering overbought territory is a warning that upside momentum is weakening. • H4 timeframe: Momentum is currently declining. Unless a strong bullish candle closes above 3391 to trigger a reversal, the price is likely to continue moving sideways or downward today. • H1 timeframe: There are signs of a bullish reversal. If the price holds above 3385 and posts a strong breakout candle above 3391, it could present a short-term buying opportunity. 🌀 Elliott Wave Structure Update • Price is consolidating within the 3390 – 3402 range — a key zone to monitor closely. • The 3380 level is a critical threshold, aligned with the 0.382 Fibonacci retracement of Wave (3). A daily close below this level would raise the possibility that the move is part of a correction rather than Wave 4. • A flat ABC correction is currently unfolding, with the 1.618 extension of Wave A already reached at 3385. • If price breaks below 3360, it would overlap with the previous Wave 1, invalidating the current impulsive wave count. In that case, we should consider the potential continuation of a larger abcde triangle correction. 🔗 Momentum & Wave Structure Combined • H1 is showing early signs of a bullish reversal, but H4 momentum remains bearish. Without a strong breakout candle above 3391, price is likely to drift sideways or lower until H4 reaches the oversold zone. • Conservative approach: Wait for H4 to enter oversold territory before considering any long positions. • The ideal buy setup would be a bullish reaction from the 3382 – 3380 zone. 📈 Trade Setup • Buy Zone: 3382 – 3380 • Stop Loss: 3372 • Take Profit 1: 3402 • Take Profit 2: 3412 • Take Profit 3: 3428
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD | July 21, 2025🔍 Momentum Analysis - D1 Timeframe: Momentum is currently rising → the dominant trend over the next 3 days is likely to remain bullish. - H4 Timeframe: Momentum is approaching the oversold area → just one more bearish H4 candle could complete the entry into oversold territory. - H1 Timeframe: Momentum is about to reverse downward → suggesting a short-term corrective pullback in the current session. 🌀 Elliott Wave Structure Update On the H4 chart, price continues to consolidate within a corrective triangle structure. According to our previous plan, price approached the 3358 zone, and we expect: - Wave 1 (black) may have completed at the 3358 high. - Currently, Wave 2 (black) is likely unfolding: + Wave A appears to have completed. + The current upward leg is part of Wave B. + A final drop in Wave C is expected, with two key target zones: - Target 1: 3342 - Target 2: 3332 🔎 Combining Momentum & Wave Structure - If price breaks above 3358, we want to see a sharp, impulsive, and steep rally to confirm the beginning of Wave 3. - If price movement remains choppy or overlapping, the market is likely still in a corrective phase. - Key resistance zone to monitor: 3390–3402 – a clean breakout above this range would significantly strengthen the Wave 3 scenario. 📌 Trade Plan 1️⃣ BUY Setup #1 Entry Zone: 3343 – 3341 Stop Loss: 3337 Take Profit 1: 3358 Take Profit 2: 3390 2️⃣ BUY Setup #2 Entry Zone: 3333 – 3331 Stop Loss: 3323 Take Profit 1: 3358 Take Profit 2: 3390 📎 Note: Prioritize entries that come with clear confirmation signals from price action and momentum. Avoid buying during choppy or indecisive market conditions.
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD July 17, 2025 🔍 Momentum Analysis D1 timeframe: Momentum is still trending downward, but we’re starting to see signs of convergence between the indicator lines. Normally, we would expect another two daily candles to reach the oversold zone and trigger a potential reversal. However, with the current narrowing pattern, we cannot rule out the possibility of an earlier reversal. Today’s daily close will be crucial for confirmation. H4 timeframe: Momentum is clearly declining, suggesting that the market may either continue downwards or consolidate sideways throughout the day. 🌀 Elliott Wave Structure On the H4 chart, price action is compressing tightly at the end of a symmetrical triangle pattern – a classic setup in Elliott Wave theory. Notably, this final point of compression coincides with the POC (Point of Control), indicating a key price level where high volume has accumulated. Wave W (in black) follows a 3-wave structure. Yesterday, price surged to the beginning of wave W and then sharply reversed, forming the basis for two potential scenarios: Scenario 1 – WXY structure with current price completing wave Y within wave e (green): + Target 1: 3327 + Target 2: 3303 Scenario 2 – Wave e (green) evolves into a triangle: + In this case, price may consolidate sideways above the 3327 zone. 🔗 Combining Wave and Momentum Analysis Both D1 and H4 momentum indicators are still pointing downward. However, the price candles appear overlapping and lack clear directional strength – a common trait of compression near the triangle’s apex. With price sitting right on the POC, there’s a high chance of continued tightening before a breakout. At this stage, the recommended strategy is to wait for a strong bullish candle at one of the target zones before entering a BUY position. 📈 Trade Setup ✅ Scenario 1 – BUY at 3327 – 3326 + Stop Loss: 3317 + Take Profit 1: 3342 + Take Profit 2: 3358 + Take Profit 3: 3402 ✅ Scenario 2 – BUY at 3305 – 3302 + Stop Loss: 3295 + Take Profit 1: 3327 + Take Profit 2: 3358 + Take Profit 3: 3402
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD July 16, 2025🔄 Momentum Analysis D1 timeframe: Momentum is currently reversing to the downside, suggesting that the price may continue to decline or move sideways in the short term. H4 timeframe: Momentum is rising, indicating that the current recovery may continue. The next resistance zones to watch are 3342 and 3358. 🌀 Elliott Wave Structure At present, price action is being compressed within a contracting triangle corrective pattern, with its range narrowing further—signaling market consolidation. We should closely monitor for signs of a breakout that could end this correction. Based on the current wave structure, it is expected that wave d (green) has completed, and the current downward move is likely part of wave e (green). The trading strategy focuses on waiting for the price to approach the lower boundary of the triangle—drawn from the low of wave a to the low of wave c—looking for confluent support areas near this trendline to identify a potential BUY opportunity. 🎯 Target & Trade Plan BUY ZONE: 3303 – 3300 Stop Loss (SL): 3290 Take Profits (TP): - TP1: 3327 - TP2: 3358 - TP3: 3402
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD | July 14, 2025 🔍 Momentum Analysis D1 Timeframe: Momentum is currently reversing to the upside, indicating that the bullish trend may continue into early next week (Monday). H4 Timeframe: Momentum has entered the overbought zone, suggesting that a short-term correction is likely to bring momentum back down into oversold territory. 🌀 Elliott Wave Structure On the H4 chart, we observe a contracting triangle pattern (abcde) approaching its final stages. In the Friday trading plan, we anticipated that the corrective phase had ended and price was entering a new impulsive wave. However, there are two irregularities worth noting: A pin bar candle with high volume has appeared at the resistance zone near 3365, while H4 momentum is overbought. This signals a likely short-term correction — something that ideally should not happen if price is already in wave 3. Ideally, price should have surged to 3402 on Friday to strengthen the bullish case. On the H1 chart, bullish candles are small and overlapping, reflecting weak bullish momentum and a lack of conviction from buyers. These two signs suggest that the market may still be within the correction phase, and the 3402 level will serve as a key confirmation zone to determine whether the correction has truly ended. 💡 Trading Outlook The bullish momentum on the D1 chart still supports BUY positions for the coming week. However, since the H4 chart is overbought, a short-term pullback is likely. We will look to buy on dips toward lower support zones, targeting a move toward 3393 – 3402, which remains the target area as outlined in Friday’s plan with the original entry at 3332 – 3330. 📊 Trading Plan BUY Zone: 3342 – 3340 Stop Loss (SL): 3330 Take Profit 1 (TP1): 3370 Take Profit 2 (TP2): 3393
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD | July 15, 2025 🟢 Trade Update The BUY order at the 3342 – 3340 zone was triggered at 3341. As of now, price has moved up by 140 pips, and the market is still following the planned scenario from the previous analysis. 📊 Momentum Analysis D1 Timeframe: Momentum is in the overbought zone, and indicator lines are showing signs of crossing — a warning signal of a potential reversal on the daily chart. H4 Timeframe: After a 6-candle decline from 3377 to 3342, H4 momentum has reversed upward. With 2 bullish candles already formed, we expect another 3–5 bullish candles, aiming toward the 3390 zone. 🌀 Elliott Wave Update Price action is currently moving toward the end of the abcde contracting triangle. We are monitoring two potential scenarios: Scenario 1 – Ongoing Triangle Correction If price returns to the lower boundary of the triangle, it is likely forming wave e, which would present a buy opportunity for the final leg of the triangle. Scenario 2 – 5-Wave Impulse Extension The current structure shows a 5-wave impulsive move, with wave 4 completed and wave 5 now beginning. The projected target for wave 5 aligns with the resistance zone at 3398 – 3402. After completing wave 5, the market could enter a corrective phase, consistent with the idea that wave d ends at this resistance. 🔔 If the price breaks above 3402, it would likely confirm that the abcde correction is complete and that a new impulsive bullish wave has started. 🎯 Trade Plan 📍SELL Zone: 3396 – 3398 ⛔️ Stop Loss: 3406 🎯 TP1: 3376 🎯 TP2: 3327 📍BUY Zone: 3295 – 3293 ⛔️ Stop Loss: 3285 🎯 TP1: 3327 🎯 TP2: 3365 🎯 TP3: 3402 ✅ Note: Prioritize entries only after confirmation from price action and momentum at key levels.
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD July 10, 2025🌀 Elliott Wave Structure On the H4 timeframe, price has returned to test the upper boundary of the converging triangle – currently acting as dynamic resistance. Based on the current wave count, wave e (purple) may have completed at the 3279 low, and price is potentially starting a breakout move. 👉 A confirmed breakout above the triangle would validate the end of the abcde correction and mark the beginning of a new upward trend. 🔋 Momentum Analysis D1 timeframe: As forecasted yesterday, momentum is entering oversold territory and showing early signs of a reversal. This suggests that an upward trend could dominate over the next 5 days. H4 timeframe: The two momentum lines are sticking together, indicating a weakening upward drive. A minor pullback may be needed before the next leg up. Key nearby resistance levels to watch are 3330 and 3342. 🎯 Key Price Levels & Validation Zones The following support zones are crucial for identifying potential entries: Support Zone 1: 3306 – 3308 Support Zone 2: 3294 – 3297 ‼️ Important: A break below 3294 would invalidate the current wave structure, and a new count would be required. 📌 Trade Plan Scenario 1 – Buy at higher support: Buy Zone: 3308 – 3306 SL: 3303 TP1: 3342 TP2: 3366 TP3: 3390 Scenario 2 – Buy at deeper support (if stronger correction occurs): Buy Zone: 3297 – 3294 SL: 3287 TP1: 3342 TP2: 3366 TP3: 3390 Scenario 3 – Safer option (breakout confirmation): Wait for a breakout above the triangle, then enter on the retest (around 3325–3330) SL: Based on structure formed during the retest TP range: 3366 – 3390 📌 Preferred strategy: Wait for H4 to reach oversold or wait for a confirmed breakout and retest to enter safely in alignment with the new uptrend.
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD July 9, 2025 🔻 Momentum Analysis D1 timeframe: Momentum is approaching the oversold zone and may reverse upwards today or tomorrow. H4 timeframe: Momentum is already in the oversold zone. The two momentum lines are converging, signaling weakening downward pressure and a potential reversal. 🌀 Elliott Wave Structure The price level around 3318 (previous buy zone) failed to hold, despite a ~100-pip bounce before continuing to decline. Currently, price is nearing the lower boundary of a contracting triangle – a typical abcde corrective pattern. Based on the current wave structure: Wave d (purple) appears to be complete. Price is now likely forming wave e, expected to end near 3279, which coincides with the triangle’s bottom support. If the pattern holds, a strong breakout above the upper triangle boundary is expected once wave e completes. However, note: the formation of a triangle during a corrective wave often signals that the uptrend is nearing its end in the longer term. 📌 Trading Plan Given the complex 3-wave structure typical of triangles, risk is elevated, so: Trade with reduced position size, or Preferably wait for a confirmed breakout above the triangle before entering. Suggested Trade Setup: ✅ Buy Zone: 3280 – 3277 ❌ Stop Loss: 3270 🎯 Take Profits: TP1: 3309 TP2: 3342 TP3: 3390
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD – July 8, 2025 🔎 Momentum Analysis On the daily (D1) timeframe, momentum is currently declining. At the same time, the 4H momentum is showing signs of reversing downward. This suggests a likely short-term corrective decline, which provides a basis for projecting potential Elliott Wave patterns. 🌀 Elliott Wave Structure On the 4H chart, I currently see two main possible scenarios: Scenario 1: Contracting Triangle Correction (abcde – purple) This scenario assumes a contracting triangle correction labeled abcde in purple. The market appears to be in wave d (purple), which is unfolding as a wxy corrective structure. Currently, it is likely in wave y. The projected target for the end of wave y is between 3393 – 3402. However, due to the declining momentum, I expect a short-term pullback to the 3318 – 3321 region before price resumes upward to complete wave d. Scenario 2: Larger WXY Correction In this case: Wave W has completed as a standard 3-wave abc. Wave X has also completed as a double zigzag. Wave Y appears to be forming a small contracting triangle abcde in red. Currently, the price is being compressed between the upper and lower boundaries of the red triangle, suggesting that it is in the final wave e. In this scenario, the projected retracement also aligns with the 3318 – 3321 zone. After completing wave e, price is expected to break out strongly above the upper boundary of the red triangle. ✅ Strategic Conclusion Both scenarios point to a confluence zone at 3318 – 3321, making this a key potential buying area. Two trading approaches can be considered: Aggressive Entry: Buy within the 3318 – 3321 range. Conservative Entry: Wait for a confirmed breakout above the red triangle before entering a long position. 📈 Suggested Trade Plan Buy Zone: 3318 – 3321 Stop Loss: 3308 Take Profit 1: 3342 Take Profit 2: 3362 Take Profit 3: 3393
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD, March 7, 2025 🌀 Elliott Wave Structure On the H1 chart, wave 3 appears to have completed, and price is now entering a phase with an unusual structural behavior. Wave 3 previously showed strong momentum, moving steeply and continuously, with no clear internal pullbacks – a classic impulse wave. Following this, we observed a corrective abc pattern in black, suggesting the end of wave 3. Interestingly, although yesterday's ADP report was extremely bullish, gold only managed a mild breakout above the wave 3 high before pulling back this morning. Notably, the upward move followed a 3-wave abc structure in green, and price action is now showing overlapping waves with no clear directional momentum. 🧩 These signs suggest a high probability that: 🔹 Wave 5 is forming as an Ending Diagonal – a 5-wave structure with a 3-3-3-3-3 pattern. 🔹 This is typically seen at the end of a bullish cycle and often precedes a sharp reversal. Although it's too early to confirm, we should patiently observe the upcoming price action. If the ending diagonal completes, it may present a strong sell opportunity. 🎯 Target for wave 5: around 3395, provided all 5 sub-waves within the diagonal complete. ⚠️ If price breaks below 3324, we must consider that the full 5-wave structure is already done, and a new abc corrective phase may have begun. 🔍 Momentum Analysis Daily (D1): Momentum is about to turn bearish from overbought territory → suggests a weakening uptrend. H4: Momentum is turning upward → likely a mild rally or sideways movement today before H4 reaches overbought again. 📌 Trading Plan Given the current wave behavior and overlapping structure, it is best to remain patient and wait for confirmation before taking a strong position. If the Ending Diagonal structure is confirmed, it could signal a major reversal. SELL Zone: 3392 – 3395 Stop Loss: 3403 Take Profits: • TP1: 3368 • TP2: 3340 • TP3: 3324
OANDA:XAUUSDShort
by WavePoint_FX
Elliott Wave Analysis – XAUUSD | February 7, 2025 🌀 Elliott Wave Structure (H1 Timeframe) Looking at the current price structure, we can see that the price is moving sharply and steeply—this suggests the formation of a 5-wave impulsive structure. Specifically: - Waves 1, 2, and 3 (green) appear to have completed. - Currently, wave 4 is forming as a 3-wave corrective structure (abc in black). - Once wave 4 completes, we anticipate the next upward move as wave 5, which will complete the full 5-wave cycle (green). 🎯 Potential Price Targets for Wave 4 Based on the structure of the abc correction and support zones, we identify two key target areas: + Target 1: 3324 + Target 2: 3311 When the price breaks above the top of wave b (black), it will serve as a strong confirmation that wave 4 has ended and wave 5 is beginning. 📈 Momentum Analysis Daily (D1): Momentum is still rising and likely needs 2–3 more days to enter the overbought zone, supporting the continuation of the uptrend. H4: Momentum is about to turn upward, signaling wave 4 may be nearing completion. H1: Momentum is also preparing to turn up, suggesting the price is approaching the end of the wave 4 correction zone. 💼 Trading Plan BUY ZONE: 3325 – 3322 STOP LOSS: 3215 TAKE PROFIT 1: 3345 TAKE PROFIT 2: 3368 TAKE PROFIT 3: 3395 📌 Wait for H1–H4 momentum alignment before triggering a BUY entry for wave 5.
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD Trading Plan for June 30, 2025 🌀 Elliott Wave Structure On the H1 chart, we observe a double zigzag correction WXY (in red). Currently, Wave Y appears to be developing as a green abc structure. In this abc structure: + Wave a started with a leading diagonal (5-wave triangle). + Wave b followed as a typical abc correction (in black). + Wave c is currently unfolding as a clear 5-wave impulsive move, characterized by sharp and rapid price action. The key issue now is to determine whether: + The price has completed wave 5 (black), or + It has only completed wave 3 (black) within the green wave c. If the current movement is wave 3 (black), we should expect a wave 4 correction, followed by one more leg down to complete wave 5. In this scenario, wave 5 will be confirmed if the price breaks below 3255. There are two potential target zones for wave 5: + Zone 1: 3247 + Zone 2: 3224 If wave 5 has already completed, the upward move to 3283 could be wave 1 of a new bullish trend. The next pullback would be wave 2, with an expected target between 3266 – 3261. ⚡️ Momentum Analysis D1 timeframe: Momentum is in the oversold region, suggesting a high probability of a bullish trend in the upcoming week. This supports the view that wave c (green) of wave Y (red) is nearing completion. H4 timeframe: Momentum is turning bullish, indicating the current upward movement may continue. This adds to the uncertainty about whether wave 3 or wave 5 has ended. 🧭 Trading Plan 📍 BUY ZONE 1 Entry: 3264 – 3261 SL: 3254 TP1: 3283 | TP2: 3297 | TP3: 3315 📍 BUY ZONE 2 Entry: 3247 – 3244 SL: 3237 TP1: 3283 | TP2: 3297 | TP3: 3315 ⚠️ Important Note This trading plan assumes either wave 3 or wave 5 has completed. Therefore, if in the early Asian session, the price does not touch the 3264 – 3261 zone but instead rises above 3283 without closing above 3297, and then drops back below 3283, we should avoid buying at 3264 – 3261. Instead, we should wait for a potential entry at the 3247 – 3244 zone.
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD Plan for June 26, 2025 🌀 Wave Structure On the H1 chart, our previous plan anticipated price movement within green wave 3. However, the current price action lacks the sharp, impulsive characteristics typically seen in wave 3. Instead, the overlapping structure of minor waves suggests that we may not be in wave 3. This leads us to consider two primary scenarios: 🔹 Scenario 1 – abc Correction (black): Price may be forming wave c (black). However, due to the overlapping nature of recent price moves, it is likely that wave c is developing as an ending diagonal (wedge). ➡️ Confirmation signal: A sharp, steep decline that breaks below the 3297 level would signal that wave c has completed. 🎯 Target zone for wave c: 3352 – 3356 🔹 Scenario 2 – Leading Diagonal in Wave 1: The overlapping price structure could also be forming a leading diagonal (3-3-3-3-3) as wave 1. In this case, price is currently in wave 3 or 4 of this formation. ➡️ Once wave 1 completes, we expect a retracement to the 0.618 Fibonacci level of the entire wave 1 – forming wave 2. 🎯 Target zone for the end of wave 1: 3352 – 3356 📉 Momentum Analysis Momentum plays a crucial role in determining which wave structure is unfolding. D1 Timeframe: Momentum is turning upward from the oversold zone – indicating that the downtrend may be ending. This supports the scenario of a leading diagonal wave 1 and suggests we may see a sustained bullish move over the next 5 days. H4 Timeframe: Momentum is preparing to reverse downward from the overbought zone. This is a key signal to monitor today, especially during tonight’s news events. If price continues to move sideways within a wedge, it would support the leading diagonal scenario. If price breaks down sharply, it would favor the abc correction scenario. 🧭 Trade Plan 🔻 Sell Zone: 3352 – 3355 ⛔ Stop Loss: 3362 🎯 Take Profit 1: 3333 🎯 Take Profit 2: 3323
OANDA:XAUUSDShort
by WavePoint_FX
Elliott Wave Analysis – XAUUSD Plan for June 25, 2025🌀 Elliott Wave Structure Looking at the H1 chart, we can see a 5-wave black triangle structure has formed within wave Y. This suggests two possible scenarios: Scenario 1: Wave Y has completed → the current upward move is wave 1 of a new 5-wave green structure. The ongoing pullback would then be wave 2 of this sequence. Scenario 2: Wave A of wave Y has completed as a 5-wave move → we are now in wave B of wave Y, which typically forms a 3-wave pattern. In this case, wave a (black) has formed and wave b (black) is currently developing. ✅ In both scenarios, the ongoing decline is a shared element — representing a buying opportunity. 🎯 Key Target Zones Target 1: 3313 – 3310 Target 2: 3301 ⚠️ If price breaks below 3297, the current wave count is invalidated, and we must prepare for a deeper correction. Updates will follow if that happens. 🔁 Momentum Outlook D1 Timeframe: Momentum is about to reverse upward. We expect at least 5–6 days of bullish movement for D1 momentum to reach overbought territory ⇒ This supports a potential short-term uptrend and favors both bullish wave counts. H4 Timeframe: Momentum is about to reverse downward from the overbought zone → A further decline to our buy zones is likely. H1 Timeframe: Momentum is currently declining → The ongoing pullback is expected to continue. 📌 What to wait for: A bullish reversal in H1 momentum aligned with H4 in the oversold region will confirm the bottom is in. ✅ Trade Plan 🔹 BUY ZONE 1: 3313 – 3310 • SL: 3306 • TP1: 3335 | TP2: 3350 | TP3: 3376 🔹 BUY ZONE 2: 3303 – 3301 • SL: 3296 • TP1: 3335 | TP2: 3363 | TP3: 3376
OANDA:XAUUSDLong
by WavePoint_FX
1
tXAU/USD Bullish Reversal from Key SupportXAU/USD Bullish Reversal from Key Suppor 📈🟢 📊 Chart Analysis: Rounded Bottom Structure ⬆️ The price has formed a rounded bottom pattern, indicating potential trend reversal from bearish to bullish. Multiple bounces (🟠 circles) from the curved support trendline confirm the validity of this structure. Support Zone Rejection ✅ Price recently rejected from a major horizontal support zone (around 3,303.796 USD) with a strong bullish wick. This zone has acted as a springboard for prior upward moves. Falling Wedge Breakout 💥 A falling wedge (bullish pattern) has formed and is breaking to the upside. Breakout confirmation is underway, indicating momentum shift. Target Projection 🎯 The projected move from the breakout suggests a potential target at 3,385.820 USD. This aligns with previous resistance areas. Key Levels to Watch: Resistance: 3,385.820 USD (target) and 3,425–3,450 USD (major resistance zone) Support: 3,303.796 USD (short-term), followed by 3,225–3,250 USD zone 🔔 Conclusion: Price action suggests a bullish bias with a possible upward continuation if it sustains above the wedge breakout. Confirmation above 3,330 USD with volume can fuel a rally toward the 3,385–3,400 USD target zone. 📌 Risk Management Tip: Watch for fakeouts near wedge resistance or a re-test of 3,303 USD for better entries.
OANDA:XAUUSDLong
by MrStellanSight
Elliott Wave Analysis – XAUUSD June 24, 2025 🌀 Wave Structure Looking at the H1 chart during the Asian session today: + Price broke below the previous low at 3341, invalidating the idea that Friday’s rally marked the beginning of a new uptrend. + Instead, the rally appears to be forming a wave X in a larger WXY corrective structure. + Given the current complex corrective pattern, it’s challenging to precisely define the exact wave shape and targets. 🔻 Wave Y Structure: + The price action suggests the formation of a 5-wave decline, with the market currently in wave 4. + Wave 4 target zone: 3357 – 3363 → Sell zone. + After completing wave 4, we expect a continuation of the downtrend via wave 5, with a target around 3327 – 3324 → Buy zone. + Once wave 5 completes, we anticipate at least a corrective upward retracement, with targets at 3363 – 3376 (these are the TP levels for the buy trade). ⚡️ Momentum Analysis + D1 timeframe: Momentum is turning bullish, suggesting a potential rally lasting around 5–8 D1 candles after wave 5 finishes. + H4 timeframe: Momentum is declining and may enter oversold territory within 1–2 candles, supporting the completion of wave 5. + H1 timeframe: Momentum is rising and approaching overbought levels, indicating a likely end of wave 4 within 1–2 H1 candles. 📌 Trade Plan 🔹 SELL ZONE: 3363 – 3365 + SL: 3373 + TP1: 3342 + TP2: 3330 🔹 BUY ZONE: 3327 – 3324 + SL: 3317 + TP1: 3342 + TP2: 3363 + TP3: 3376 + Important Note:❗️ - If price reaches these zones with a Mazuboru candle (long-bodied candle with no wick) and fast volatility, do not enter immediately. - Wait for the candle to close. If the zone breaks, keep an eye on the next support area around 3313 for potential reactions.
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD | June 23, 2025 🌀 Current Wave Structure – H1 Timeframe In previous plans, we were debating between two triangle patterns in green: 1. A leading diagonal triangle forming wave 1, or 2. A corrective triangle structure forming wave X (as labeled on the chart). In last Friday’s plan, I also identified a five-wave triangle structure forming within wave c, with strong evidence of completion shown by a sharp bullish candle. 📰 News Supporting the Move At this point, it seems war-related news is supporting an upcoming bullish trend, which also strengthens the case that a three-wave abc correction (black) has completed. We are now expecting a bullish leg this week. 🎯 Price Outlook The current zone is a promising area for a BUY NOW setup. However, we should be cautious about the potential gap-up at the market open. If that occurs, we’ll observe whether the gap gets filled to reassess the buy zone. If price rallies to the 3382 area and then pulls back, we will look for a swing BUY entry around 3357. 📈 Momentum & Larger Wave Outlook D1 timeframe: Momentum is about to shift upward, indicating a potential strong and steep bullish trend this week. If confirmed, this supports the scenario that wave 2 (black) has ended and wave 3 is beginning. However, if price moves in a slow and overlapping fashion, we must prepare for an alternative scenario: that the correction is not yet complete, and another leg down may occur to finalize the structure. H4 timeframe: Momentum has already shifted to the upside, suggesting a high probability of a gap-up during the Asian session open. H1 timeframe: Momentum is also about to reverse to the upside, allowing us to consider buying at current levels. 📝 Trade Plan – BUY Setup: ✅ Buy Zone: 3361 – 3379 ❌ Stop Loss: 3351 🎯 Take Profit Targets: TP1: 3382 TP2: 3396 TP3: 3412
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD Trade Plan for June 19, 2025 🌀 Wave Structure On the H4 timeframe, following a strong selloff, price is now consolidating within a narrow price channel — suggesting that we are currently in wave b (black) of an abc correction. This structure implies that one more leg down is likely to complete wave c (black). However, due to the overlapping and sideways nature of the move, it's difficult to clearly identify the end points of waves a and b, making traditional Fibonacci targeting less effective. ➡️ To improve accuracy, we’re combining Volume Profile data with price action and have identified four key support zones: 3349, 3335, 3313, and 3297 Among these, we’re giving special attention to: 🎯 Target 1: 3335 🎯 Target 2: 3297 We'll wait for bullish momentum signals near these levels to increase the probability of catching the end of wave c. 🔋 Momentum Outlook Daily (D1): Momentum is about to enter oversold territory. By the end of today or tomorrow, the daily candle is expected to confirm this — suggesting a weakening bearish trend. H4: Also approaching oversold. If price is hovering around one of the key support levels (3349 | 3335 | 3313 | 3297) when this happens, and the D1 is already oversold, then we may be looking at a high-probability reversal zone. H1: Nearly oversold as well — expect a short-term bounce soon. The best timing for a BUY will be when the H1 starts turning bullish while both the D1 and H4 are oversold. ✅ Trade Setup 🔹 Scenario 1 BUY ZONE: 3336 – 3333 SL: 3326 TP1 | TP2 | TP3: 3345 | 3378 | 3402 🔹 Scenario 2 BUY ZONE: 3300 – 3297 SL: 3290 TP1 | TP2 | TP3: 3313 | 3345 | 3402 ⏳ Patience is key — wait for confluence between support zones and momentum reversals. That’s where the high-probability BUY setups emerge.
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD | June 18, 2025 🌀 Current Wave Structure on H4 The recent drop has broken below the previously labeled wave 1 zone, requiring an adjustment to our wave count. Following the abc corrective move (black), a potential triangle formation is emerging. At this point, we’re monitoring two possible scenarios: 🔹 Scenario 1 – Triangle as a Wave X Correction: Price is forming an abcde triangle, potentially part of a larger WXY corrective structure. If this plays out, we may see a strong decline forming wave Y, targeting a break below 3297, and possibly extending to 3248. 🔹 Scenario 2 – Leading Diagonal Triangle as Wave 1: If this is a leading diagonal triangle for wave 1, then wave 1 is likely completed, and we are currently in wave 2. In this scenario, price should hold above 3248, with likely support zones around 3335 or 3300. 🎯 Key Price Zones & Resistance Levels Major Resistance: 3389 – 3402 (based on volume profile) – prime area for potential short setups. Short-term Resistance Levels: 3389, 3402, 3412 – watch for reversal signals here. 🔻 Momentum Outlook Daily (D1): Momentum is declining and expected to enter oversold territory within 2 candles – indicating a weakening downtrend and supporting the leading diagonal scenario. H4: Momentum is preparing to turn bearish – supports short opportunities. H1: Already turned bullish – suggests a possible corrective bounce before the next drop. 📌 Trade Plan 🔴 Sell Zone: 3400 – 3403 • SL: 3410 • TP1: 3365 • TP2: 3335 🟢 Buy Zone 1: 3335 – 3332 • SL: 3325 • TP1: 3365 • TP2: 3402 🟢 Buy Zone 2: 3302 – 3209 • SL: 3292 • TP1: 3335 • TP2: 3365 • TP3: 3402
OANDA:XAUUSDShort
by WavePoint_FX
I Elliott Wave Analysis – XAUUSD June 16, 2025🌀 Elliott Wave Structure On the H1 timeframe, price is forming a 5-wave structure (1) (2) (3) (4) (5) in green, with the market currently in wave 4. Last Friday, after breaking above the 3444 high, price failed to continue toward 3482 and instead reversed lower. This behavior suggests that wave 4 is developing as a Flat correction in black abc structure. 👉 Based on this outlook, wave c is expected to complete around 3314, marking the end of wave 4 in green. From there, a bullish impulse is anticipated to complete wave 5. 🔎 Momentum Overview D1 timeframe: Momentum is rising → indicating the dominant trend for early this week is likely bullish. H4 timeframe: Momentum is declining → supporting the scenario that wave c of wave 4 may still have one more leg down. H1 timeframe: Momentum is about to turn downward → suggesting a potential drop during the Asian session on Monday. 🚨 However, ongoing geopolitical tensions in the Middle East could trigger unexpected price spikes, especially during the Asian session. 📈 Trade Plan Buy Zone: 3415 – 3412 Stop Loss: 3405 Take Profit 1: 3444 Take Profit 2: 3482
OANDA:XAUUSDLong
by WavePoint_FX