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Elliott Wave Analysis XAUUSD – 4/9/2025 Momentum • D1: Currently showing bearish reversal signals. We need to wait for today’s daily candle close to confirm. If confirmed, it is likely that the recent rally has ended and the market will enter a corrective phase lasting several days. • H4: Momentum is moving into the oversold zone, suggesting that the current downward correction may be close to completion. Afterward, a rebound is expected within the next 1–2 H4 candles. • H1: Momentum is in the oversold zone and showing signs of turning upward, indicating a short-term bullish bounce is likely. Wave Structure • D1: The first bearish candle has appeared after a steep rally, suggesting a 5-wave structure. The ongoing correction will help determine whether this was the completion of a larger Wave 5 or just Wave 1 within Wave 5. • H4: After reaching 3578, price turned lower. This likely marked the completion of black Wave 5, as well as the green wave and purple Wave iii. The market is now in the corrective phase of purple Wave iv. • H1: Purple Wave iii has completed, including both black Wave 5 and green Wave v. An ABC corrective structure is currently forming, but its formation time is relatively short, which means extra caution is needed as the correction may not be fully completed or could extend further. 📍 Target zones for the completion of purple Wave iv: • Zone 1: 3498 • Zone 2: 3469 Once purple Wave iv is completed, the uptrend is expected to continue into purple Wave v with projected targets: • Target 1: 3602 • Target 2: 3667 Trading Plan • Buy Zone 1: 3500 – 3498 o SL: 3490 o TP1: 3524 • Buy Zone 2: 3471 – 3469 o SL: 3459 o TP1: 3500
OANDA:XAUUSDLong
by WavePoint_FX
Gold Smashes Records: Trade the Fed Drama & Rate Cut Hype!Fundamental Analysis: Why Gold Keeps Breaking Records! 🌟 New Peaks: Spot gold hit a record $3,527.5/oz on September 2, with analysts predicting a climb to $3,600-$3,900 this year, potentially surpassing $4,000 by 2026 if economic and geopolitical uncertainty persists. Reuters polls show 2025 average price forecasts rising from $2,756/oz (January) to $3,220/oz (July). 📈 Fed Rate Cut Buzz: Fed Chair Jerome Powell acknowledged rising job market risks, boosting bets for a September rate cut. “A weakening USD, fueled by rate cut expectations, investor aversion to US assets, and tariff-related economic uncertainty, supports gold,” says Ricardo Evangelista from ActivTrades. Gold thrives in low-rate environments! 🏦 USD Weakness: The USD has lost nearly 11% since Trump’s return to the White House in January 2025, making gold more attractive to foreign currency holders. 📉 Fed Drama: Trump’s criticism of Powell and attempts to oust Fed Governor Lisa Cook have raised fears about Fed independence, driving safe-haven gold demand. “Speculative bullishness stems from potential Fed interference and concerns over the USD’s safe status,” notes Carsten Menke from Julius Baer. ⚖️🇺🇸 Other Drivers: Middle East tensions, Russia-Ukraine conflict, and central bank buying (e.g., China’s PBOC added gold for the 9th consecutive month in July 2025). The World Gold Council (WGC) reports central banks plan to increase gold reserves while reducing USD holdings. “Rising gold prices and central bank accumulation are boosting gold’s share in reserves,” says Michael Hsueh from Deutsche Bank. Gold ETFs like SPDR Gold Trust saw holdings rise 12% YTD to 977.68 tons, the highest since August 2022. Technical Analysis: Bullish Surge Continues, Prioritize BUY but Watch for Pullbacks! 📉 Gold keeps setting new highs, breaking through the round 3,500 level, dipping briefly to 3,469, then surging to 3,54x—near the Fibonacci extension 0.618. No clear reversal signals yet, so prioritize BUY if gold retraces to 3,52x or 3,51x. Bulls remain in control! Key Resistance: 3,554 - 3,564 - 3,574 Key Support: 3,521 - 3,508 - 3,450 - 3,475 Trading Opportunities: Sell Scalp : 3,543 - 3,545 SL: 3,549 TP: 3,540 - 3,535 - 3,530 Sell Zone : 3,571 - 3,573 SL: 3,581 TP: 3,563 - 3,553 - 3,543 - 3,523 Buy Scalp: 3,510 - 3,508 SL: 3,504 TP: 3,513 - 3,518 - 3,528 Buy Zone: 3,475 - 3,473 SL: 3,465 TP: 3,483 - 3,493 - 3,503 - 3,513 - Open #Gold #XAUUSD #Fed #Trump #TradingView #MarketUpdate #Forex #Investing #TechnicalAnalysis #GoldTrading #Finance #Crypto
OANDA:XAUUSDLong
by Jeremy_NPC
GOLD crosses $3500! What’s next for Indian traders?Gold (XAUUSD) has shown massive momentum, moving nearly 50–60 points daily. Price is now reacting at an important FIBO extension level. Sellers are stepping in, but so far there is no strong confirmation on higher timeframes (H1–H2). 📊 MMFLOW VIEW Sideways consolidation → Breakout → New ATHs every day. Liquidity & FVG zones are still favoring the BUY side. SELL is only safe when higher timeframe volume confirms. For now: Focus on BUY entries from liquidity zones. 🔑 KEY LEVELS Resistance: 3440–3446 (ATH) | 3564 | 3576 | 3586 | 3595 Support: 3528 | 3508 | 3494 | 3480 | 3468 🎯 MMFLOW PLAN ✅ BUY ZONE: 3481 – 3479 SL: 3474 TP: 3486 – 3490 – 3495 – 3500 – 3510 – 3520 – 3530 – ??? ✅ BUY SCALP: 3496 – 3494 SL: 3490 TP: 3500 – 3510 – 3520 – 3530 – 3540 – ??? ❌ SELL ZONE: 3576 – 3578 SL: 3584 TP: 3570 – 3565 – 3560 – 3555 – 3550 – 3540 – 3530 – 3520 – 3510 – 3500 ⚠️ Important for Indian traders: GOLD is extremely volatile right now. Don’t rush into trades. 👉 Wait for confirmation at Key Levels, use proper Risk Management, and target smart entries for maximum profit. 🔥 This is the MMFLOW TRADING PLAN – Follow us on TradingView for daily GOLD strategies and never miss the next big move!
OANDA:XAUUSDLong
by MMFlowTrading
1
Gold Approaches All-Time High with Strong Bullish MomentumAnalysis: Gold (XAU/USD) is showing strong bullish momentum after breaking through the buy zone around the $3,450 level. Price action has respected the ascending channel and successfully pushed above key resistance levels. Currently, gold is trading at $3,473, with the next major target set at the all-time high (ATH) of $3,550, as highlighted on the chart. The breakout above the consolidation zone suggests continued buyer strength, supported by high trading volume. If the bullish momentum sustains, we can expect a new ATH around $3,550+, while a failure to hold above $3,450 may bring a short-term pullback toward $3,400 – $3,346 support levels. Overall, sentiment remains bullish, and gold looks ready to test higher highs if momentum continues. Would you like me to also create a trade plan (entry, stop loss, take profit levels) for this setup?
FX:XAUUSDLong
by Pipshunter27
1
Elliott Wave Analysis XAUUSD – 03/09/2025 Momentum • D1: Momentum is still overlapping. As mentioned in the previous plan, with 6 consecutive daily candles in this condition, a reversal may occur today or tomorrow. • H4: Momentum is preparing to turn bearish. If a confirming candle closes, we may see a downward move on H4. • H1: Momentum is also turning bearish but right above the oversold zone. This suggests the correction on H1 may be near completion, followed by another upward move. ________________________________________ Wave Structure • D1: Price is still in an uptrend, possibly wave 1 of wave 5 or the final larger wave 5. Current wave targets are 3602 or 3667. This aligns with momentum on D1, which has been overlapping for 6 candles, signaling that in 1–2 more candles a reversal is likely. • H4: A 5-wave purple structure is forming – the dominant structure of the current rally. Price is currently running in wave iii (purple). o Inside wave iii purple, a 5-wave green structure has already formed and is nearing its final stage. o Wave iii and iv green appear completed, and price is now in wave v green, which has broken the previous high of wave iii green, confirming its development. • H1: o The first target of wave v green was hit at 3542. The second target remains at 3585. o Within wave v green, a 5-wave black sub-structure is visible. o The Asian session opened with a breakout above the previous high, implying 2 scenarios: 1. Wave 5 black has completed after reaching the first target (3542). 2. Or it is forming a wave 4 black flat, holding above 3525 before heading to 3570–3585. If price drops below 3525, it means wave 5 black has completed. Then, wave iv purple will target the zones 3498 and 3469 – areas to look for the next buy opportunity. ________________________________________ Trading Plan • Buy Zone 1: 3500 – 3498 o SL: 3400 o TP1: 3524 • Buy Zone 2: 3471 – 3469 o SL: 3459 o TP1: 3500
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD 2/9/2025 Momentum • D1: Momentum is still overbought and has been “sticking together” for about 5 consecutive daily candles. Usually, this amount of candles is enough for a potential reversal. This suggests that price may rise for only 1–2 more D1 candles before a daily reversal occurs. • H4: Momentum is currently turning upward, which indicates that today the market is likely to continue higher for at least 2 more H4 candles. • H1: Momentum is turning down. This implies that before H4 can continue its upward move, H1 may first produce a short corrective pullback and then resume the uptrend in line with H4. ——————————————- Wave Structure • D1: Price is still within wave 5 after completing a correction. Since D1 momentum has already stayed overbought for 5 candles, a multi-day correction may soon develop. This correction will clarify whether the current move is wave 1 of a larger wave 5, or if the larger wave 5 has already finished. • H4: Price is completing the 5-wave structure (1-2-3-4-5 in red). Breaking above the wave 3 high confirmed that wave 5 in red is unfolding. With momentum on H4 turning up, the upward progress of wave 5 in red is expected to continue. • H1: Within the 5-wave red structure, we can currently count 9 waves, where the upward waves are nearly equal in length. This reflects an extended wave iii (green). Counting 9 waves also hints that wave iii green is near its end, which implies wave 5 red may also be approaching completion. Drawing an Elliott channel from wave 2 to wave 4 (red) and extending it over the top of wave 3 shows that wave 5 red is nearing the upper boundary of the channel. This supports the expectation that wave 5 red is close to finishing. On a smaller scale, the current short-term decline in H1 looks like wave 4 of wave 5 red. The target zones for wave 4 have already been marked on the chart. ————————————— Principle & Plan • We do not enter against wave iii, especially in the case of an extended wave iii. • Wait for wave iv to complete in order to look for buying opportunities into wave v (green). ————————————— Wave iv targets: • 23.6% retracement of wave iii: 3479.3 • 38.2% retracement of wave iii: 3459.7 Wave 5 target: • Projected at 3577.6 (the farthest TP). ————————————— Trading Plan • Buy Zone 1: 3481 – 3478 o SL: 3470 o TP1: 3521 • Buy Zone 2: 3461 – 3459 o SL: 3450 o TP1: 3521
OANDA:XAUUSDLong
by WavePoint_FX
1
Gold Surges $70+ – Is XAUUSD Ready for the Next Big Move?🔥 Market Update Gold (XAUUSD) just made a massive rally of more than $70, shaking the entire trading community. The rise in geopolitical tensions is pushing safe-haven demand to extreme levels, and gold has once again become the most-watched asset worldwide. For Indian traders, where gold holds not just market value but also cultural importance, this move is a wake-up call – volatility is at its peak, and discipline is key. 🔎 Macro Outlook 🌍 Global geopolitical risks → Strong inflows into gold as a safe haven. 💵 USD and bond yields are not enough to stop buyers rushing to gold. 📊 Upcoming US PCE data & Fed decisions could bring even bigger swings. 📊 Technical View (H4) After the sharp rally, gold built a base around CP Zone H4 before breaking out again. Key Support Levels 3,462 – 3,443 → Must hold to keep the bullish structure intact. Key Resistance Levels 3,487 – 3,518 → Likely area for pullback or reaction. A clean break could target 3,536+ next. 📌 Possible Market Scenarios ✅ Scenario 1 (Preferred) Price holds above 3,462 → Tests 3,511 – 3,518 and can push towards 3,536. ⚠️ Scenario 2 (Deeper Pullback) Break below 3,462 → Retest of 3,443 before buyers step back in. 🎯 Trade Plan (Reference Only) ✅ BUY ZONE 1 Entry: 3453 – 3451 SL: 3446 TP: 3460 – 3465 – 3470 – 3475 – 3480 – ??? ✅ BUY ZONE 2 Entry: 3444 – 3442 SL: 3438 TP: 3450 – 3460 – 3470 – 3480 – ??? ❌ SELL ZONE Entry: 3512 – 3514 SL: 3518 TP: 3505 – 3500 – 3495 – 3490 – 3480 – 3470 💡 Key Takeaways for Indian Traders Gold is in a powerful uptrend, driven by global uncertainty. But after such a sharp move, a technical pullback is very possible. Best approach now: ✔️ Wait for dip-buying opportunities near strong supports. ✔️ Respect stop loss – capital protection comes first. ✔️ Keep an eye on global news that can spark instant volatility. This is the kind of market where patience + discipline = survival and profit. 🚀
OANDA:XAUUSDLong
by MMFlowTrading
Gold (XAU/USD) Targets $3,397 – $3,406 Amid Bullish MomentumAnalysis: The 4H chart of Gold (XAU/USD) shows strong bullish momentum after a corrective phase. Price has broken above consolidation and is currently trading around $3,382, with upside targets at $3,397 and $3,406 (highlighted resistance zone). The supply zone on the higher timeframe remains intact below $3,280, acting as a long-term support. Immediate support levels lie at $3,371, $3,356, and $3,348. A break below these could shift momentum bearish. Current bullish structure suggests that as long as price holds above $3,371, buyers may drive the price higher toward the resistance levels. A rejection from $3,406 may lead to a pullback toward the mid-support zone before another attempt higher.
FX:XAUUSDLong
by Pipshunter27
Smart money sold at premium (after BSL sweep)1.Premium Array (Top Zone) • Price rallied into the Premium Array (above equilibrium). • This is where smart money looks to sell, because the market is at a premium. • The spike above PDH/PWH = Buy-Side Liquidity (BSL) raid → stop hunt. 2.Liquidity Grab • That long wick above the Premium Array shows liquidity being taken. • Breakout traders went long; their stops funded institutional sell orders. • After liquidity is taken, price reverses down. 3.Market Structure Shift (MSS) • Once price rejected the premium zone, it broke lower, showing bearish intent. • This aligns with the “sell high, buy low” ICT logic. 4.Discount Array (Lower Zone) • The area below equilibrium (50% of the range) = Discount Array. • Smart money looks for buys in this zone. • Your chart shows 1H FVG + PDL + Sell-Side Liquidity (SSL) as confluence. 5.Bullish Setup Area • The shaded “Good area for bullish” + “Powerful A+ area for bullish” means: • Price may drop into the PDL/SSL/FVG confluence. • Once liquidity is grabbed below → market could reverse upward again. 📘 Narrative in ICT Style • First, price ran above BSL in the Premium Array to engineer liquidity. • Then, distribution happened at premium, shifting structure bearish. • Now, price is likely being delivered toward discount zones (PDL, FVG, SSL). • These are the optimal trade entry (OTE) zones for longs if bullish narrative holds. 👉 So in short: will look to buy back at discount (PDL/SSL/FVG zones).
OANDA:XAUUSD
by TurtleSoupConcept
2
Elliott Wave Analysis – XAUUSD 26/08/2025 1. Momentum • D1 timeframe: Price is currently in the overbought zone. The ongoing bullish cycle has already produced 5 daily candles. Combined with the overbought condition, this suggests that upside momentum is weakening. If no strong breakout occurs within the next 1–2 days, it is likely that the market is still in a larger corrective phase on the daily chart. • H4 timeframe: Momentum has turned bearish, with strong selling pressure emerging right after wave 2 was considered complete. This is an unusual sign and raises caution for the bullish scenario. • H1 timeframe: Momentum is also about to turn bearish, which implies an incoming corrective pullback. This is not an encouraging signal at a stage where wave 3 is expected to develop. 2. Wave Structure • D1: The main scenario still follows the larger corrective triangle. Price is unfolding waves 1–2 (green), and the current bullish leg is expected to be wave 3 (green). However, the strength so far has not been convincing. Having already completed 5 D1 candles without a decisive breakout suggests weakness in the rally. • H4: The Asian session opened with a strong rally, but this momentum quickly faded and was followed by aggressive selling. Momentum reversed sharply, highlighting abnormal behavior for the expected uptrend. • H1: At the 3387 level, strong selling pressure appeared, whereas this should have been the breakout zone for wave 3 (black) after surpassing wave 1 (black). Ideally, price should have pushed straight toward 3403 to confirm the impulsive strength of wave 3. This unusual behavior suggests that wave 1 (black) actually completed at 3387, and the market is now in wave 2 (black). On the lower timeframe (M15), the current decline is forming an ABC structure, with the measured target for wave C at 3364 – a potential buy zone. If price falls back to 3350 and breaks below, the 1–2–3–4–5 (yellow) count will be invalidated. In that case, the market may be unfolding a larger corrective structure, and the wave count plan will need to be updated. 3. Trading Plan • Buy Zone: 3365 – 3363 • Stop Loss: 3349 • Take Profit 1: 3387 • Take Profit 2: 3403 ⚠️ Note: The stop-loss range is relatively wide, and momentum does not fully support the bullish wave scenario yet. Traders should consider carefully before entering directly.
OANDA:XAUUSDLong
by WavePoint_FX
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
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