WaveTalks -COMEX GOLD: The Sharp Fall 4479 to 4355's- What Next?Comex Gold
1:42 am / 11th Sep 2026 (Indian Standard Time)
Last @ $4364
"Is Gold teasing before a deep dive? Well, only the next few candles will tell. Did you get the red candles? Like there was no floor... This is exactly what unfolded and is called a Thrust (Deep Dive)."The quote above highlights the real-time breakdown flagged earlier on the WaveTalks social media channels at 11:29 am on 10th September 2026.
Already completed 1st Bigger Impulse
$3963 to $4755 & Fall from $4755 to $4329 - Discussed via Social Media Handle.. This analysis continuation from $4329 lows.
⚠️ DISCLAIMER:
This analysis is for educational purposes only. No solicitation to buy or sell.
Primary Wave Scenario - ABC
( Wave-A Blue Color Done at $4329.2...Wave-B Blue Color unfolding as Smaller Wave - abc in black...Once Wave-B completes on top close to $4590-4600... Expect Fall in Wave-C Blue Color )
Alternate Wave Scenario- ???
Gold futures are currently completing a sharp thrust lower in a complex Wave-B correction down to the $4,350-4355 area before embarking on a bullish reversal toward the $4,600 region as a possible scenario.
🟢 1. CURRENT ELLIOTT WAVE STRUCTURE 🟢
• The initial impulsive rally from the $4,329 bottom completed Wave- (A) Black at the $4,558 peak.
• Since that top, price action has been carving out a choppy and messy complex Wave-B structure - which is ongoing ...current low is 4355's ( 12:54 pm /11th Sep 2026 / Indian Standard Time )
• This corrective wave featured a connecting contracting triangle pattern labeled sub-waves a through e.
• The sudden drop from the $4,479 sub-wave e peak represents a classic post-triangle thrust.
• This floorless decline is rapidly flushing out weak longs to finalize the corrective phase.
🟢 2. PROJECTED UPSIDE TRAJECTORY 🟢
• Once the current downward thrust concludes near the $4,350-4365 support zone, a bullish reversal is expected next.
• This upcoming advance will develop as a major impulsive Wave-C leg to the upside.
• The multi-session bullish recovery will officially trigger once price decisively breaks back above the $4,410-$4,420 trigger zone.
• The primary upside targets reside at the previous structural high of $4,479 - 4,489 zone and the major resistance cluster between $4,550 and $4,560.
• Extending the wave relationships suggests the rally could ultimately reach a peak within the $4,590-$4,600 terminal window.
🟢 3. RISK MANAGEMENT AND KEY LEVELS 🟢
Trading this layout requires strict adherence to defined risk parameters at every major pivot zone.
• Immediate Downside Support: $4,350-4365 zone
• Bullish Breakout Confirmation: $4,410-$4,420
• Intermediate Resistance Targets: $4,479 - 4489
• Major Supply Cluster: $4,550-$4,560
• Terminal Target Zone: $4,590-$4,600
🟢 4. NEXT WEEK HORIZON 🟢
• As the broader blue Wave-B peak nears completion close to the $4,600 level next week, buyers must aggressively secure profits.
• A major structural top is anticipated to form inside that high-altitude supply zone.
• Reaching this terminal zone will complete the larger-degree corrective bounce and set the stage for a bearish reversal.
• Traders must exercise extreme caution at those highs of $4590-4600 zone (If unfolds) because the subsequent leg will unfold as a deep, aggressive liquidation phase in blue Wave-C.
WaveTalks
Market Whispers! Can you hear them?
In-depth trading ideas
THREE BLACK CROWWSNifty is currently forming a pattern that strongly resembles Three Black Crows, though the final candle is still actively developing.
If it not take immediate support then it will causious...
If the 23,600 level breaks, we might see a period of sideways to bearish movement, based on my observations.
So not take unnecessary long calls.
Institutional Trading MasterclassCore Structure of Institutional Option Trading
Institutions focus on 4 pillars:
A. Direction
Will market go up, down, sideways?
B. Volatility
Will movement increase or decrease?
C. Time Decay
How much premium melts daily?
D. Risk Exposure
How much capital at risk?
Rules to Become Consistent
Never trade without plan
Gold: Breakout or False Move?Gold is showing a strong recovery after finding support near 150,000.
The key development is the break above the descending trendline. Price is now back near 156,000, turning the previous resistance into an important support zone.
Key levels:
• Support: 153,000–154,000
• Resistance: 160,000–162,000
• Next upside zone: 165,000+
If gold holds above 153,000, the breakout structure remains valid and another move toward 160,000–162,000 becomes likely.
A rejection back below the trendline would weaken the setup and suggest a false breakout.
For now, buyers have regained short-term control.
The important question is no longer whether gold can bounce.
It is whether buyers can turn this breakout into a sustained move.
MCX Gold: Correction May Continue Toward 140077MCX:GOLD1! appears to be forming a larger W-X-Y corrective structure on the daily chart. The first leg, Wave W, developed as an A-B-C correction, followed by an X-wave recovery.
Within Wave Y:
Wave A: 1,64,497 → 1,39,801
Wave B: 1,39,801 → 1,64,773
Wave C: currently developing
The important point is that Wave B reached 1,64,773 , slightly above the start of Wave A at 1,64,497 . This makes the current Y-wave look more like a flat correction rather than a normal zigzag. In a regular flat, Wave B normally returns close to the beginning of Wave A, while Wave C generally moves slightly beyond the end of Wave A.
For short-term traders: 149511 - 140077 is the first major downside zone.
The 1,39,801 level is also important because it is the end of Wave A. A move below this level would provide additional confirmation that Wave C is extending lower.
For positional traders: Deeper downside possibility - 124815
In short:
MCX Gold is currently in a corrective phase, with Wave C of the preferred Y-wave structure potentially developing. The first important downside zone is 1,49,511 , while 1,40,077 is the main target. A stronger decline below 1,39,801 could expose Gold to the deeper 1,24,815 level.
Key Economic Events This Week: Traders should keep an eye on the following major economic releases, particularly the US Crude Oil Inventories on Wednesday and the US Nonfarm Payrolls, Unemployment Rate and Average Hourly Earnings data on Friday, as these high-impact events may increase market volatility.
Oversold MarketsWhat is overbought?
When the market goes up too much, too fast — like it got overexcited. RSI crosses above 70. This means most people who wanted to buy have already bought. Not many buyers left. So the market will likely slow down or fall a bit.
What you do: don't buy now. If you're already in profit, book some of it. Keep your stop loss tight.
What is oversold?
When the market falls too much, too fast — like everyone panicked and sold everything. RSI drops below 30. Most of the panic selling is already done. So a bounce or recovery is likely coming.
What you do: don't rush in all at once. Wait for one green candle or a volume pickup as confirmation. Then buy in small parts.
Intraday AnalysisOption Chain Analysis: Decoding Open Interest (OI) to find where the "Big Players" are positioned.
FII/DII Data: Understanding institutional activity and its impact on market direction.
Intraday Strategies: Scalping and swing setups using Price Action and key EMAs.
Global Market Cues: How GIFT Nifty and US Markets might influence our opening.
Institution Option Trading Part-1PCR means Put Call Ratio
It tells us how many Put options and Call options people are buying or trading.
Why it matters for institution trading
Big players mostly use options. So PCR helps us understand what big money may be thinking.
If PCR is high
More puts than calls.
Means traders are scared or taking protection.
Sometimes big players expect weakness.
If PCR is low
More calls than puts.
Means confidence in upside.
Sometimes market is bullish.
Institution Option TradingPCR (Put-Call Ratio) – Institutional Trading Strategy
What is PCR?
PCR = Put OI ÷ Call OI
It shows market sentiment of big players in indices like NIFTY 50.
Institutional Psychology
2. How Big Players Use PCR
Retail buys options randomly
Institutions control PCR zones to trap traders
👉 You follow PCR = You follow smart money
📈 PCR Levels (Game Changer)
3. Key Zones
PCR < 0.7 → Bearish sentiment (too many Calls) → ⚠️ Reversal possible
PCR 0.7 – 1 → Neutral zone
PCR > 1.2 → Bullish sentiment (too many Puts) → ⚠️ Reversal possible
Trading AnalysisWhere is Nifty right now?
Nifty closed at 23,689 on Thursday May 14. After a brutal fall earlier this week (it touched ~23,300), it bounced back for 2 days in a row. So right now it's in a recovery mood — but it hasn't really "fixed" itself yet. Think of it like someone who had a fever, now feeling slightly better, but not fully healthy.
2 What's the wall above? (Resistance)
If Nifty tries to go up next week, it will hit a wall around 23,500–23,600 first. That's the first test. If it somehow crosses that, the BIGGER wall is at 23,900–24,000 — where all the major moving averages (50-day & 200-day) are sitting. Lots of sellers will be waiting there to book profits. So going above 24,000 next week? Unlikely unless something very positive happens.
3 What's the floor below? (Support)
If Nifty starts falling, the first safety net is around 23,300–23,150. This zone has held multiple times recently. If it breaks this level decisively (and stays below it), then the next stop could be 23,000 or even 22,900. That's the danger zone — but that's not the most likely scenario for next week.
Trading MasterclassPCR (Put-Call Ratio) – Institutional Trading Strategy
What is PCR?
PCR = Put OI ÷ Call OI
It shows market sentiment of big players in indices like NIFTY 50.
Institutional Psychology
2. How Big Players Use PCR
Retail buys options randomly
Institutions control PCR zones to trap traders
👉 You follow PCR = You follow smart money
📈 PCR Levels (Game Changer)
3. Key Zones
PCR < 0.7 → Bearish sentiment (too many Calls) → ⚠️ Reversal possible
PCR 0.7 – 1 → Neutral zone
PCR > 1.2 → Bullish sentiment (too many Puts) → ⚠️ Reversal possible
GOLD COMEX: Bullish Flag Pattern | Breakout Above $4490GOLD COMEX TECHNICAL ANALYSIS: BULLISH FLAG PATTERN | $4,370 SUPPORT & $4,490 BREAKOUT
GOLD COMEX — SHORT-TERM TECHNICAL VIEW
After the breakout from the Falling Wedge Pattern , Gold COMEX Futures witnessed a strong upward rally.
As discussed in our previous analysis, the 0.236 Fibonacci retracement level around $4,350 acted as an important support zone.
Previous Analysis:
CURRENT SETUP — 17 AUGUST 2026
On the 4-Hour Chart , Gold COMEX has formed a Bullish Flag Pattern following the sharp rally after the Falling Wedge breakout.
The current consolidation range is:
Flag Support: $4,370
Flag Resistance: $4,490
Any sustained 1-Hour candle close above $4,490 could confirm a bullish breakout and potentially trigger the next upward move.
TWO TRADING STRATEGIES
1. SWING TRADING STRATEGY
Look for buying opportunities around the $4,370 support zone .
Stop Loss: Below $4,340
2. BREAKOUT TRADING STRATEGY
Buy only after a confirmed breakout above $4,490 .
Stop Loss: $4,465
For breakout trades, traders should preferably confirm the breakout candle on both the 15-Minute and 1-Hour Charts before entering the trade.
KEY LEVELS TO WATCH
$4,370 — Flag Support
$4,490 — Breakout Resistance
$4,340 — Swing Trade Stop Loss
$4,465 — Breakout Trade Stop Loss
SHORT-TERM VIEW:
The overall short-term structure remains BULLISH as long as Gold holds the key support zone.
Trade with proper risk management and wait for confirmation before entering breakout trades.
#Gold #GoldCOMEX #GoldFutures #GoldTrading #GoldTechnicalAnalysis #GoldAnalysis #GoldPrice #TechnicalAnalysis #BullishFlag #BreakoutTrading #CommodityTrading
Intraday AnalysisOption Chain Analysis: Decoding Open Interest (OI) to find where the "Big Players" are positioned.
FII/DII Data: Understanding institutional activity and its impact on market direction.
Intraday Strategies: Scalping and swing setups using Price Action and key EMAs.
Global Market Cues: How GIFT Nifty and US Markets might influence our opening.
GOLD COMEX – TECHNICAL VIEW📊 GOLD COMEX – TECHNICAL VIEW
GOLD COMEX has given a breakout from a Falling Wedge pattern on the Daily Chart. Following the breakout near $4,100, Gold witnessed a strong rally of nearly $300.
After this sharp upmove, the price has consolidated over the last two trading sessions. We expect this consolidation to be followed by a resumption of the upward rally.
🔹 FIBONACCI ANALYSIS
Applying Fibonacci retracement from the recent high of $5,626.80 to the low of $3,955.40, we identify the 0.236 Fibonacci level at approximately $4,349.50 as a key support zone.
As long as Gold COMEX Futures sustain above the $4,320 level, the broader bullish structure remains intact and the uptrend is expected to resume.
📌 TRADING STRATEGY
BUY GOLD COMEX FUTURES
Around: $4,350
Stop Loss: $4,320
The $4,320 level will be crucial. Sustaining above this level can trigger the next leg of the upward rally.
⚠️ Trading involves market risk. Please trade with appropriate position sizing and risk management.
Institution Option Trading Part-1PCR means Put Call Ratio
It tells us how many Put options and Call options people are buying or trading.
Why it matters for institution trading
Big players mostly use options. So PCR helps us understand what big money may be thinking.
If PCR is high
More puts than calls.
Means traders are scared or taking protection.
Sometimes big players expect weakness.
If PCR is low
More calls than puts.
Means confidence in upside.
Sometimes market is bullish.
GOLD | Big Decision Zone — 4,150 Breakout or 3,900 Breakdown?Gold Futures — Daily Chart Study
COMEX: Gold Futures
Gold is currently trading near an important decision zone. Price is trying to hold the major support area, while the falling trendline resistance is still creating pressure on the upside.
The key support zone to watch is 3,900–3,960. As long as Gold holds this area, the structure is not fully broken and a recovery attempt can remain active.
Chart observations:
Gold is holding near an important support zone.
Falling trendline resistance is still visible on the daily chart.
3,900–3,960 is the major support belt.
4,120–4,150 is the key breakout confirmation zone.
A sustained move above 4,150 can shift the structure toward bullish recovery.
On the upside, if Gold manages to cross and sustain above 4,120–4,150, the bearish pressure can reduce. In that case, the next important zones to track are 4,300–4,350, followed by 4,600, and then 4,800–5,000 as broader resistance/reference zones.
On the downside, if Gold breaks below 3,900, the current support structure may weaken. Below this level, the next downside zones are 3,750–3,600. A move toward 3,500–3,300 looks like a rare panic scenario only if global sentiment turns sharply negative.
Key levels:
Support zone: 3,900–3,960
Breakdown risk below: 3,900
Downside zones: 3,750–3,600 / 3,500–3,300
Breakout confirmation zone: 4,120–4,150
Upside resistance zones: 4,300–4,350 / 4,600 / 4,800–5,000
For now, Gold is in a breakout-or-breakdown decision zone. A sustained move above 4,150 can strengthen the bullish recovery structure, while a breakdown below 3,900 can increase downside risk.
Shared only for educational study and chart-tracking purpose. This is not a buy/sell recommendation, trading advice, or investment advice. I am not a registered financial advisor. Please do your own research or consult a qualified financial advisor before taking any market decision. I am not responsible for any profit or loss based on this post.
#GOLD #GoldFutures #COMEX #GoldAnalysis #CommodityMarket #DailyChart #BreakoutWatch #SupportAndResistance #TechnicalAnalysis #TradingView
Intraday AnalysisOption Chain Analysis: Decoding Open Interest (OI) to find where the "Big Players" are positioned.
FII/DII Data: Understanding institutional activity and its impact on market direction.
Intraday Strategies: Scalping and swing setups using Price Action and key EMAs.
Global Market Cues: How GIFT Nifty and US Markets might influence our opening.






















