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Elliott Wave

GOLD → Correction before NFP. What are the chances of a decline?FX:XAUUSD strengthens amid dollar correction. The market is correcting ahead of NonFarm Payrolls, trying to accumulate potential before high volatility. Gold recovers ahead of US employment report On Friday, gold rebounded from a two-week low, recouping some of its losses ahead of the release of US labor market data (NFP), which could set the tone for prices going forward. Amid optimism over trade talks and a strong dollar, gold ended its worst week in two months, but geopolitical tensions and a potentially weak jobs report could boost demand for safe-haven assets again. The correction in the dollar gives gold a small chance to strengthen. However, fundamentally, the overall trend has already set the tone and gold may continue to fall. Resistance levels: 3268, 3285, 3295 Support levels: 3227, 3204 The correction may reach a local zone of interest (money pool) — liquidity above 3270, or the 0.7 Fibonacci zone, after which the price may continue its course along the new trend — down to 3193. However, unpredictable and unexpected data could disrupt the structure and push the price up to 3320-3350. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
9
USDJPY → Price in range, retest of resistanceFX:USDJPY is emerging from local consolidation in hopes of seeing economic data that could support the dollar. The target for this movement could be the liquidity zone at 144.00. The currency pair is trading within a neutral range of 144.14 - 141.64. However, a local consolidation has formed within the range, from which the price has broken out. The main task for the bulls is to hold the defense above 142.75, in which case we will be able to catch the price distribution to the upper border of the global range of 144.14. News ahead, positive data may strengthen the dollar, which will accordingly affect USDJPY, but there is strong resistance at 144.14, whose liquidity pool may trigger a downward rebound. The trend is neutral. Resistance levels: 143.9, 144.14 Support levels: 142.75, 141.98 There are no reasons to exit the global range. Over the past two weeks, this will be the first retest of the 144.14 zone, which in general only increases the chances of a false breakout and correction. Best regards, R. Linda!
by RLinda
8
USD/JPY Eyes Breakout After Healthy Wave 4 CorrectionThe USD/JPY pair is currently unfolding a clean impulsive 5-wave structure to the upside. The price action has already completed Waves 1, 2, and 3, and has entered a probable Wave 4 correction. Wave 3 appears extended and tapped into a key Fair Value Gap (FVG), which acted as resistance. Wave 4 is likely to develop as a shallow retracement, possibly forming a bull flag or expanded flat before launching into Wave 5. The ascending channel supports the bullish structure with both Wave 2 and Wave 4 respecting lower bounds. Targets: 144.750 - 144.351 Stoploss: 146.268
by Money_Dictators
1
DOGE: The Dogecoin ArmyCRYPTOCAP:DOGE is among the top10 cryptocurrenices and although it's a memecoin but it's a legit store of value. After it's historical run during 2020/2021, it went in a 4 years long correction so far that is still ongoing and expected to last another couple of years as long as the price stays in the current bullish triangle pattern. By holding above $0.057 (the stop-loss) and below the level of $0.48 which passing it confirms targeting a new all-time high. #Dogecoin
CRYPTO:DOGEUSDLong
by MohamedSewid
BITCOIN | 30M | IMPORTANT SUPPORT ZONE Hello, my friends, Yesterday, I shared a Bitcoin analysis and stated that my target level is 97,300. At the moment, we are within the blue support zone I highlighted in my analysis yesterday. Although this is not a very strong support zone, I am expecting an upward movement from here. However, the most critical support level lies between 92,000 and 91,000. As I mentioned yesterday, as long as the price does not drop below the 92,000 - 91,000 levels, my target remains at 97,300. Please don't forget to like. Thank you to everyone who supports with likes.
CAPITALCOM:BTCUSDLong
by TraderTilki
Gold Analysis Based Elliott Triangle WaveCAPITALCOM:GOLD h2 timeframe Gold pair analysis for today 23 April 2025 Gold analysis based on Elliott Impulse wave and Elliott Triangle Wave We first consider the (1 to 5) Elliott Impulse Wave which succeeded in going up from the bottom. Now we will consider the (ACBDE) Elliott Triangle Wave for the coming days which indicates going down from the top to 3050. we look at the RSI which is hovering around 41.02 which is clearly indicating a sell trend and we will consider selling. CAPITALCOM:GOLD Gold Sell Entry 3336 TP 3214 TP 3050 SL 3400
CAPITALCOM:GOLDShort
by HamandMagic