XAUUSD Weekly Analysis – Gold in Correction or Bullish Move? Gold (XAUUSD) Weekly Update:
Gold has entered a correction phase after showing divergence. Based on Elliott Wave, Wave 3 has ended, and we're now in Wave 4. If 2800 holds, the main trend stays bullish, and after this correction, Wave 5 could push us towards $3000! 💰
Key Levels:
Support: 2800
Resistance: 2862 – 2882
As long as price stays below the 2862-2882 range, the trend is bearish short-term. A break above could signal a bullish continuation. 📈
What’s your take on gold? Will we see $3000 soon? Drop your thoughts below! 👇
#XAUUSD #Gold #GoldAnalysis #XAU #TechnicalAnalysis #Trading #ElliottWave #Forex #Investing #GoldPrice
Elliott Wave
Correction up for BitcoinHi traders,
Let's keep it positive for Bitcoin. So it could be that the last drop was an impulsive wave of a bigger correction. I've updated the wave count.
So now we could see a (corrective) move up again to the Daily FVG.
Let's see what the market does and react.
Trade idea: Wait for a sweep of the previous lows, a change in orderflow to bullish and a small correction down on a lower time frame to trade longs.
If you want to learn more about trading ICT concepts with wave analysis, please make sure to follow me, give a boost or respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis.
If you don't agree, that's fine but I don't need to know it.
Don't be emotional, just trade!
Eduwave
Correction up for goldHi traders,
Last week XAUUSD slowly went up and dropped on Tuesday. I think this was the finish of an ending diagonal wave 5 (grey). I've adjusted the wave count.
Next week we could see a correction up to the FVG's above and after that another drop.
Let's see what price does and react.
Trade idea: Wait for for a change in orderflow to bullish and a small correction down on an lower time frame to trade (intraday) longs to the FVG's above.
If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis.
If you don't agree, that's fine but I don't need to know it.
I do not provide signals.
Don't be emotional, just trade!
Eduwave
Up for SPX500USDHi traders,
Wow! Last week the price action of SPX500USD went exactly to the target as predicted in my outlook. On Monday it dropped and after a correction up it took the liquidity under the previous lows and filled the 4H FVG. I've updated the wave count.
Now next week we could see a corrective upmove to the higher 4H FVG.
Let's see what the market does and react.
Trade idea: Wait for a small correction down to finish and after that a change in orderflow to bullish to trade longs.
If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis.
If you don't agree, that's fine but I don't need to know it. I do not provide signals.
Don't be emotional, just trade!
Eduwave
Up for EUHi traders,
Last week EU started impulsive up as I've predicted in my outlook but it could not break the highs and on Wednesday it dropped.
Now it could be that this was a leading diagonal (orange wave 1) and price has now finished wave a (grey) of wave 2. In that case next week we could see a correction up and another impulse down to finish wave 2 (orange).
Or the last move is wave c (blue) of a bigger wave 4 of the leading diagonal and we could see another impulse wave up.
In both cases I expect a move up to minimal the 4H FVG (light blue box).
Let's see what the market does and react.
Trade idea: Wait for a change in orderflow to bullish and a small correction down on a lower timeframe to trade longs.
If you want to see more from my analysis, please make sure to follow me, give a boost or respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. If you don't agree, that's fine but I don't need to know it.
Don't be emotional, just trade!
Eduwave
New monthly candle macro stareThis next month will be interesting. It's generally been true that price below this 55 month EMA has been the best time to buy and hold. Also the base channel of the impulse wave assumed to be just finished has held since 2013 so any break below that would be relatively quick or else it would start to look like a bigger correction is a significant possibility.
SONIC ( PRE FTM )Analysis of the FTM OR Sonic currency
It seems that a trend reversal has formed and has completed 5 microwaves in the form of a larger wave 1
Next we need to see if it can break the major ceiling to confirm the new move
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XRP ANALYSISVery important #XRP analysis on the daily time frame
Which in my opinion is one of the most important time frames to understand and comprehend the next movement of this currency.
So stay with us to be aware of the Ripple trend
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Thank you
5th waveThis is all from Claude AI:
The Rule of Alternation states that if one impulse wave in a five-wave sequence is extended (significantly longer than the others), the other two impulse waves will typically not be extended. This means:
If wave 2-3 is 1.272 times the size of wave 0-1, this means that the distance from point 2 to point 3 is 127.2% of the distance from point 0 to point 1.
In this context, this relationship could indicate:
Wave 3 is likely extending (which is common, as wave 3 is often the longest impulse wave)
The move has good momentum, as the 1.272 extension suggests strength in the trend direction
This Fibonacci relationship helps confirm that you're correctly identifying the wave structure
In Elliott Wave Theory, measuring the height of wave 0-1, multiplying it by 1.618 (the Golden Ratio), and projecting this distance from the bottom of wave 4 is a standard method for establishing a wave 5 target.
VRA in 2025#VRA has been in a bearish trend since Oct 2021. The current price action isn’t bullish enough, so another dip is likely before a strong reversal.
The $0.00160–$0.00130 zone looks like a good buying area.
Passing $0.00815 confirms a shift.
Long-term hope remains as long as it stays above $0.00034.
#Verasity
BITCOIN Final update !!! We're about to BOOM!!!According to bigger picture, we're still in bull market, 5th of macro and ending 4th of micro elliott wave.
Good news is, that we're about to get back into bullish mega green candles soon!!
BTC's major CME gap has been filled and this was also the region where FVG is also available and also corrective pattern (double three) Y ends in this region in combining with expanded flat's C. we may most probably by will of GOD almighty will see green days in coming weeks. Targets of wave 5 are up to 120-130K region.
BTC: Feb2025 UpdateCRYPTOCAP:BTC update
As long as #Bitcoin holds above $74K, the bullish outlook remains valid, and a new all-time high is expected.
However, if the price drops below $74K with high volume—without reaching a new ATH first—it could confirm the start of a bear market.
Once this potential bullish wave concludes, a critical bearish scenario could follow.
Miota ($IOTA)Weekly TF Elliott Wave Crypto Analysis FIB TCAnalysis of the IOTA/USDT Weekly Chart Using Elliott Wave Principle
Overview & Key Elements
The chart represents the IOTA/USD pair on a weekly timeframe with Elliott Wave structures, Fibonacci retracements, and channel trends.
Key observations:
• completed five-swing downtrend.
• corrective wave (ABC) retracement following the previous bear market.
• potential macro bottom around $0.06-$0.07, indicating capitulation.
• price has bounced off key Fibonacci levels (0.618, 0.786).
• Fibonacci extension targets project potential upside targets at $2.74, $6.61, and $7.50.
• Bearish parallel channel: The price recently broke out of the descending structure.
• Resistance zones: Around $0.60, $0.85, and $2.75 before reaching the higher targets.
• RSI Indicator: previously in oversold territory, now signaling a potential macro reversal.
• The momentum is turning bullish, aligning with the forecasted Wave 3 impulse move.
What Does This Mean for Price Action?
Bullish Reversal Confirmed:
The price action suggests a completed bear market correction and the beginning of a new impulsive bullish wave (likely Wave 3).
A break above $0.57 and $1.00 would strongly confirm this bullish scenario.
Potential Targets for 2025-2026:
• $1.00 - $1.50 → Initial major resistance zone.
• $2.74 - $3.40 → Key Fibonacci extension level, historically significant.
• $6.61 - $7.50 → Maximum projected target based on the 1.236 Fibonacci extension.
Risk Factors:
If IOTA fails to hold above $0.12 - $0.15, further downside towards $0.06 could occur before resuming upward. A break below $0.06 would invalidate this bullish setup.
Conclusion:
Highly bullish setup for IOTA with a strong Elliott Wave structure.
Long-term accumulation levels: $0.12 - $0.20.
Target zones for the next bull run: $2.30 - $7.50.
A parabolic breakout is likely in 2025
GOLD → False breakdown and pullback before the fallFX:XAUUSD is updating lows within the framework of the changed local trend. The price is testing the liquidity zone of 2852. Possible rebound before further decline
Gold traded near two-week lows below $2,900 in Asian markets on Friday, breaking an eight-week run of gains. The metal is being pressured by a strengthening U.S. dollar amid Trump's new tariff threats and the U.S. economy.
Trump confirmed 25% tariffs on Mexican and Canadian goods from March 4 and an additional 10% on Chinese imports. Weak US GDP data (2.3% in Q4) and rising jobless claims also support the dollar.
Traders are waiting for the PCE core price index data to gauge the Fed rate outlook and the impact on gold
Resistance levels: 2869, 2877, 2885
Support levels: 2852, 2834
A false break of 2852 could trigger a pullback to the imbalance zone (2869-2877) or to the liquidity zone (2885) before a further decline. Fundamental and technical background is weak, gold may try to renew the low.
Regards R. Linda!
USDJPY → A rebound following a rising dollarFX:USDJPY is growing following the dollar. A local reversal is being formed due to US politics and economy
The price stops in the zone of 149.4 - 148.6 after a strong fall. Long-term consolidation is forming a reversal setup, the situation is also supported by the reversal and strengthening of the dollar. Against this background, the Japanese yen is losing positions.
The focus is on the resistance 150.3, if the bulls can keep the defense above this zone, then in the short to medium term the price may strengthen to the trend resistance.
Resistance levels 150.3, 150.95
Support levels: 149.4, 149.15
At the moment we have a downtrend and the potential for counter-trend correction. Everything depends on the dollar and the upcoming news. If the outcome is positive for us, the price may reach 152.3
Regards R. Linda!
BTCUSDT WAVE ANALYSIS"Below is an Elliott Wave analysis of $BINANCE:BTCUSD. Based on the analysis, I believe that a bullish 5-wave pattern was completed in January 2025, and Bitcoin is now experiencing a bearish movement.
P.S.:
Red zones indicate resistance areas.
Green zones represent support areas.
Orange zones correspond to Fibonacci targets at 23.6%, 38.2%, 50%, 61.8%, and 78.6%."