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Elliott Wave

GOLD → An amazing recovery. Up to 3400?FX:XAUUSD continues to strengthen, testing resistance in the range, with buyers not giving up. The price breaks through the flat line and enters the buying zone; everything depends on the bulls... Gold is rising for the second day in a row amid a weak dollar, increased demand for safe assets, and escalating conflicts in the Middle East and Eastern Europe. Market nerves are being stoked by trade risks and instability in Asia, while investors await the Fed's decisions and Powell's speech. GOLD is breaking out of its neutral range. Focus on 3369 and local resistance at 3381. The fundamental backdrop is favorable for gold. If buyers hold their ground above the indicated levels, the price may continue to rise. Resistance levels: 3369, 3381, 3408 Support levels: 3352 (0.5f), 3330 I do not rule out the possibility of a retest of the local liquidity zone (long squeeze) at 3352 (0.5f) before continuing to rise. But at the moment, the focus is on 3369-3370, which are key levels (currently acting as support). Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
17
VIRTUALUSDT → Rebound from resistance. Trend break, U-turn?BINANCE:VIRTUALUSDT.P is pausing within an uptrend and forming a range within which signals of a possible reversal and decline are appearing. Bitcoin is pausing its rally and moving into correction. This is a negative development for altcoins, which will not grow without the flagship. VIRTUAL is consolidating, but pressure is building in the market (as can be seen from the cascade of resistance levels within the range). Another prerequisite for a breakdown of the market structure is a downward exit from the upward channel (a break of the trend support). Another retest of support at 1.581 could trigger a breakout and a fall. There is a fairly free zone below, and the nearest target is located in the 1.178 zone. Resistance levels: 1.72, 1.829 Support levels: 1.581, 1.416, 1.178 Focus on the current range of 1.581 - 1.829. The chart shows that the price continues to storm and test support, which is an important signal against the backdrop of a broken uptrend. A break of support at 1.581 and consolidation below this level could trigger liquidation and a fall to the fvg zone or the liquidity zone at 1.178. Best regards, R. Linda!
Short
by RLinda
3
USDCAD → Storming the support level to break throughFX:USDCAD continues to storm support within the trading range amid a global downtrend The currency pair is within the range, but the battle for support continues. The reaction to false breakouts is weakening and the price continues to attack the 1.378 level, which only increases the chances of a further decline The dollar is rebounding from resistance and beginning to fall, which is having a corresponding effect on USDCAD. If the currency pair breaks 1.378 and consolidates below the level, this could trigger a continuation of the trend after consolidation... Resistance levels: 1.381, 1.383 Support levels: 1.378, 1.374 Focus on the lower boundary of the trading range at 1.378. The role of the range is consolidation against the backdrop of a downtrend. Thus, a breakout of support will activate the distribution phase Best regards, R. Linda!
Short
by RLinda
4
Stromm | GOLD Bullish Continuation in PlayIt’s good to see Gold OANDA:XAUUSD getting the attention it deserves again. But honestly, the performance it’s putting in right now is just insane. If you zoom into the 4-hour chart, you’ll spot a clear Demand Continuation Pattern: Rally → Base → Rally. In simple terms: strong move up, sideways consolidation, strong move up again. The first rally pushed Gold up 9.77% within a few days, followed by a sideways base, and then another 9.6% rally straight into the $3,500 mark. With commodities like Gold, you really feel how powerful psychological levels are — $3,000, $3,500, $4,000 — all massive magnet zones where large investors naturally look to take profits. Now, after tagging $3,500, we’ve pulled back. If this Demand Continuation structure holds, here's how I see it playing out: Inside the current base, there’s a 4-hour order block, and it’s the one I’m watching most closely. Ideally, we get a push up into the 4h Balance Price Range between $3,336–$3,347, followed by a rejection that sweeps the Previous Weekly Low, tagging that 4h order block for a proper retest. From there, a move toward the 8h Balance Price Range would be good. Now, two possibilities: Best case for bears: After retesting that 4h zone, we fall further — possibly targeting $3,050. Sneaky scenario: We fake a drop to trigger stop-losses, push back up toward $3,510, then properly roll over. On the monthly chart, it gets even more interesting: Given the massive rejection off $3,500, I wouldn’t rule out a much deeper retracement toward $2,500–$2,000 before Gold makes another serious attempt at $4,000. That would perfectly fit into a larger Elliott Wave structure, completing a Wave 3 or setting up a Wave 5 push later. (And yes — catching a Wave 3 top is brutal — especially when it is an all-time high) Unless geopolitical events massively change the landscape, it feels like $3,500 is a strong local top — for now. But if the world starts burning again? Gold might have other plans.
OANDA:XAUUSDLong
by stromm
1
Gold Completes Wave 4 - Pullback – Time for the Next PushGold ( OANDA:XAUUSD ) touched $3,223 as I expected in the previous idea (Full Target) . Gold has managed to break the Resistance zone($3,308-$3,293) and is trying to break the Resistance lines and complete the pullback . In terms of Elliott wave theory , it seems that Gold is completing microwave 4 , which could act as a pullback to the broken Resistance zone($3,308-$3,293) . After the completion of microwave 4 , we should expect Gold to attack the Resistance lines to complete microwave 5 . I expect Gold to rise to at least $3,232 , and if the Resistance zone($3,387-$3,357) breaks, we can expect further gains . Note: If Gold touches $2,272 (the worst Stop Loss(SL)), we can expect further declines. Gold Analyze ( XAUUSD ), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
18
USD/MXN Mirrors 2017 Reversal; Elliott Wave Pointing Lower Back in 2016–2017, we first saw a very sharp recovery on USD/MXN, but when Trump took office in January 2017, the market reversed strongly lower, falling all the way from 22 to 17.60, lost nearly 20% . That very similar pattern is now becoming visible again with 2024–2025 price action. Last year, after Trump won the US election, we saw significant depreciation of the Mexican peso, but since he has officially taken office in January, we’re seeing a complete reversal—just like in 2017. In fact, the Mexican peso has been gaining nicely over the past few months, likely based on speculation that Trump will find the agreement and trade deals with other countries, particularly related to tariffs. Since no one really benefits from trade wars, it’s not surprising that even Trump’s recent remarks reflect an acknowledgment of the global situation being unsustainable, especially when it comes to CHINA-US trade. With that in mind, markets in general are likely to recover, and we’re already seeing some nice rebounds. And when stocks are in recovery mode, commodity currencies—including the peso—tend to perform well. Looking at USD/MXN specifically, we’re seeing a strong reversal down from February highs, just like in 2017. The current drop hasn't even retraced 38.2% of the 2024 rally yet, which suggests more downside is likely—ideally toward the 19.00 area, maybe even 18.00 by year-end. From an Elliott Wave perspective, it's useful to zoom in on smaller time frames. The structure doesn’t look like completed impulse yet, so technically there can be more weakness coming. Resistance for wave four rally sits around the 19.77–19.84 zone, which aligns with Fibonacci projections for wave four, as well as swing lows from March and April. This area could serve as a nice resistance of the current bounce, especially if the Fed delivers any dovish remarks this week. No rate cuts are expected, but even a hint at future cuts could send the US yields lower, which would weigh on the dollar and support risk assets—meaning commodity currencies could outperform. In that case, USD/MXN could ideally fall back below 19.50. Elliott Wave analysis also helps define clear invalidation levels, very important when it comes to potential trade setups. In this scenario, 20.16 is a key level to watch. A break above it would overlap with the start of the current move and signal that the bears are finished for now, thus I would need to adjust the view accordingly. Grega
Short
by ew-forecast
3
Fibonacci Confluence Fuels Gold’s Next Rally: Wave (Y) InsightThis 4-hour chart of XAU/USD is showcasing a WXY corrective pattern, a classic double zigzag (W)-(X)-(Y) correction after a strong impulsive move Wave (W) has topped, marking the end of the first corrective leg. A deep correction into the 0.5 Fibonacci retracement level occurred with wave (X), forming a potential higher low within the red demand zone. Now, wave (Y) is anticipated, which typically mirrors or slightly exceeds the length of wave (W) but in a more corrective format. Target 1: 3292.629 Target 2: 3372.161 Stop loss: 3201.955
OANDA:XAUUSD
by Money_Dictators
GOLD → Gold not ready to fall? What's going on?FX:XAUUSD is forming a local bottom and is not ready to continue falling. The price is breaking through the downward resistance amid a weakening dollar and a complicated fundamental backdrop. At the beginning of the week, the price of gold stabilized above $3,250 as investors returned to defensive assets due to ongoing uncertainty surrounding US trade agreements with China and Japan, as well as growing geopolitical tensions in the Middle East and Ukraine. The weakness of the dollar ahead of the Fed meeting and declining expectations of a rate cut are also supporting demand for gold. The focus remains on US trade news and the possible hawkish tone of the Fed this week. Technically, the price is testing the bottom of the range as resistance. If there is no reaction to the false breakout and the price continues to storm 3268, then a breakout and consolidation above the level will allow it to strengthen to 3292-3314. Resistance levels: 3269, 3294, 3314 Support levels: 3243, 3222, 3204 The price is forming a second retest of 3269 since the session opened. Buyers are testing resistance for a breakout. If the bulls break 3269 and consolidate above 3270, the chances for growth will be good. I do not rule out the possibility of a retest of the liquidity zone at 3243 before growth. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
17
EURJPY → False breakout of strong resistance at 164.FX:EURJPY rallies on news and reaches an important milestone. The liquidity pool formed above 164.00 may prevent the price from rising. There is a high chance of a false breakout. Against the backdrop of the dollar's growth caused by PMI news, the currency pair is forming a retest of the key resistance level of 164.188 as part of a consolidation distribution and, with no possibility of continuing its growth, is making a false breakout. Consolidation in the sell zone (below 164.188) will trigger a reversal and a fall. Overall, the situation is neutral, with the market in a sideways range, and a false breakout could lead to a correction or reversal of the local trend. Resistance levels: 164.188 Support levels: 163.17, 162.57 The formation of a reversal pattern relative to resistance and price consolidation below the level could give a good signal for a reversal. Best regards, R. Linda!
Short
by RLinda
4
USDJPY: Detail Technical Analysis and USDJPY CharacteristicsIn this long video, I go through USD/JPY short idea in 2 parts: Part 1: Detailed Technical Analysis and Elliott Waves 1. Head and shoulders - daily 2. Completion of Elliott Waves 3. Breaking down of A-B-C 4. Measurement rules on profit targets. Part 2: USDJPY as a product (characteristics) 1. It's a flight-to-safety product similar to Gold 2. thus also a short equity markets product. 2. It is a short dollar product.
Short
by yuchaosng
NZDCHF Elliott Wave AnalysisHello friends In the NZDCHF currency pair chart, we are witnessing the formation of a complete Elliott wave pattern. These waves from 1 to 5 are clearly defined. Now this 5-wave pattern is an upward contracting triangle that usually forms in waves 1 or 4 or 5 or C. Considering the counting of the previous waves, which is a wide ABC with a C wave extended or waves 1 to 3, we assume that we are facing wave 1 or 4. It is definitely not wave 5 or C. So if it is wave 1, then it must correct at least 50 to 61.8% of Fibonacci from wave 1. So the first target is the 04800 range. If it is wave 5, it must go below the bottom of wave 3 and the second target is at least the 04600 range. This movement usually occurs with a break of the trend line and a pullback to it. Good luck and be profitable.
Short
by M_Gheysvandi
SPX Running Into Important Resistance At 5780Last week we saw a weaker-than-expected Advance GDP in the first release, which led some to believe Powell might consider cutting rates. But Friday’s NFP came in better than expected. Expectations are no change for the Fed, and I honestly don’t believe they’ll move either. Despite Trump putting pressure on them, inflation is still not at their 2% target, and the job market remains solid—so there may be no real reason to cut yet. They’re watching markets too, and we've seen a pretty strong rebound, so there’s likely no urgency to act now. Also, if they were to cut, it could appear politically motivated due to Trump, and that could seriously damage investor trust in the Fed’s independence. So with that being said, we are wondering if the SPX can find some resistance if FED does not deliver a dovish view at this moment. Well, looking at the price action, it certainly looks overlaping recovery from April low, that can face limited upside near 5780, at April 2nd high. If by Friday, we close above the 78.6% Fib then we may look at wave 3, alt sceario. Grega
VANTAGE:SP500
by ew-forecast