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Elliott Wave

Gold forecast for next week and next monthAs of mid-May 2025, gold prices have experienced a notable decline, retreating from April's record highs above $3,500 per ounce to approximately $3,180. This downturn is attributed to easing geopolitical tensions, particularly the U.S.-China trade truce, and a strengthening U.S. dollar, which have reduced the demand for gold as a safe-haven asset. Technical Analysis: Short-Term Outlook Key Support Levels: Analysts identify the $3,155 level as a critical support point. A breach below this could signal further declines towards the $3,000–$3,050 range. Resistance Zones: Resistance is observed around $3,275–$3,287.85. A decisive move above this range may indicate a potential reversal or continuation of the uptrend. Indicators: The Relative Strength Index (RSI) remains in bearish territory, suggesting continued downward pressure. However, if gold maintains its position above the ascending channel's lower boundary, a rebound towards $3,450 is plausible. Fundamental Analysis: Medium-Term Outlook Central Bank Demand: The People's Bank of China has increased its gold reserves for the sixth consecutive month, reflecting sustained institutional interest. Investor Sentiment: Despite recent corrections, gold remains up 21% year-to-date, indicating robust investor confidence. However, nearly 50% of fund managers surveyed by Bank of America believe gold is overvalued, which could lead to cautious trading behavior. Economic Indicators: U.S. producer prices fell by 0.5%, and retail sales stagnated, with inflation dipping to 2.3%. These factors may influence Federal Reserve policy decisions, potentially affecting gold prices. Forecast Summary Next Week: Gold prices may test the $3,155 support level. A breach could lead to further declines towards $3,000. Conversely, holding above this level might prompt a rebound towards $3,275. Next Month: Analysts anticipate a consolidation phase, with gold trading between $3,000 and $3,300. Factors such as central bank purchases and economic data releases will play pivotal roles in determining the direction.
FOREXCOM:XAUUSD
by AdamIdris2
S&P 500 Wave Analysis – 16 May 2025 - S&P 500 broke the resistance level 5900.00 - Likely to rise to resistance level 6100.00 S&P 500 index recently broke the resistance level 5900.00, the former support from January and February. The breakout of the resistance level 5900.00 should accelerate the active short-term impulse wave 3, which belongs to the intermediate impulse wave (3) from the end of April. S&P 500 index can be expected to rise to the next resistance level 6100.00, which reversed the price multiple times from December to March, as can be seen below.
SP:SPXLong
by FxProGlobal
SUI Structure Complete – Time for Pain or Profit?Yello Paradisers, have you noticed how calm #SUIUSDT has been lately? Feels like nothing’s happening... but that's exactly how the market sets the trap before it strikes. The recent price action has lulled many into a false sense of comfort, trading tightly in a sideways structure after a strong impulsive leg. But behind that calm surface, a bigger move is loading — and only those who can read the structure properly will be prepared for it. 💎#SUI has now completed its 5-wave Elliott impulse, finishing with a classic Ending Diagonal in the fifth wave, which very often signals the final push before a correction. Given the current price action, we are likely in the early formation of an ABC corrective structure, most probably a Zigzag or Flat formation. This transition is crucial — many traders misinterpret this as the start of a new trend and get trapped. But as professionals, we know that this is not the time to rush into positions. This early corrective phase often includes fakeouts and liquidity grabs, punishing both longs and shorts before clarity returns. 💎SUI has been trading with high volatility compression, coming off a significant bullish breakout that began around early April. The rally initiated with a textbook Leading Diagonal, moved into a sharp Wave 3 impulsive expansion, and finally started to slow down into what looked like exhaustion through Wave 5. During this phase, price carved out a Contracting Triangle (Falling Wedge), providing a resting phase before the final fifth wave. But right after the Ending Diagonal was completed, momentum has stalled, and now we're entering a very tricky part of the market cycle — the corrective phase. 💎Zooming out, the entire structure has unfolded in a methodically clean and technically sound manner. Wave 1 kicked off the move with a Leading Diagonal, signaling the early stages of bullish initiation. This was followed by a shallow Wave 2 retracement, which is typical of fast, trending markets. Wave 3 then expanded with strong bullish momentum, confirming the impulse. After that, Wave 4 transitioned into a Contracting Triangle (Falling Wedge) — a classic consolidation pause before the final push. Finally, Wave 5 wrapped up the sequence with an Ending Diagonal, a clear sign of momentum exhaustion. This full five-wave development marks a textbook impulsive structure, and strongly suggests that we are now entering a critical transition phase, where the market moves from trending into correction. These are often the most deceptive parts of the cycle — known for shakeouts, liquidity traps, and emotional whiplash for those who act too soon. 💎Looking ahead, the next probable strong move depends on how price reacts around the key S/R level at $3.006. If this zone holds and the correction stays controlled above it, we can prepare for a powerful continuation leg back toward the $4.20 resistance, and potentially challenge the major resistance at $4.80–$5.00. However, if the correction unfolds deeper, a full retest of the $2.40–$2.00 range is absolutely on the table. This zone aligns with macro demand levels and could act as a reload zone for the next major impulse. But only once the correction completes. 💎One of the main hurdles SUI now faces is breaking cleanly above $4.20 — this is the near-term barrier where supply pressure remains strong. Beyond that, $4.75–$5.00 is a macro resistance zone that needs significant volume and structure to crack. Until then, any sharp move upward could just be part of a larger fakeout inside the corrective pattern. 💎On the downside, our key invalidation level sits just below $3.00. A 12H candle close below $3.006 would confirm that the support zone is lost and shift our bias into a much deeper retracement phase. This would invalidate any early bullish setups and bring the $2.40–$2.00 zone in play, with liquidity likely waiting beneath that structure. This is the point where the weak hands get shaken out and smart money reloads. If you're aiming for long-term success, wait for high-probability setups and protect your capital. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
1
FTSE 100 Wave Analysis – 16 May 2025 - FTSE 100 broke the resistance level 8650.00 - Likely to rise to resistance level 8800.00 The FTSE 100 index recently broke the resistance level 8650.00, which stopped the previous medium-term impulse wave (1) at the start of this month. The breakout of the resistance level 8650.00 should accelerate the active medium-term impulse wave (3) from the start of May. Given the improved sentiment across the global equity markets, the FTSE 100 index can be expected to rise to the next resistance level 8800.00, which has been reversing the price from the start of February.
FTSE:UKXLong
by FxProGlobal
Next goalFrom a general view of the chart, we find, according to the analysis, that this rise is not a motive, but rather a correction, and this indicates that there is another strong decline coming soon unless it breaks the analysis failure area specified above. *In principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then this is for you. If you do not like this analysis, there is no problem. Just ignore it. My goal is to spread the benefit. I am not one of the founders of the currency.
CRYPTOCAP:OTHERS
by KhaldHegazy
Silver Finds Its Footing—Are the Bulls Back? (Elliott Waves)Silver rebounded quite aggressively in April, following Trump’s decision to impose a 90-day tariff pause. At the time, there was still a lot of uncertainty, so many investors turned to metals as a safe haven—particularly during periods of trade tensions. More importantly, we can see silver forming five waves up from the 28.34 low. In Elliott Wave terms, when we see a strong directional move that can be counted in five waves, it often represents the beginning of a new trend. That means the current pause is likely just a correction, and more upside should follow. The 31.00–31.50 area is a very interesting support zone for silver—an area from which we could see a rebound, possibly after a completed A-B-C setback from the 33.70 region.
OANDA:XAGUSDLong
by ew-forecast
XAUUSD Elliott Wave Analysis (15M TF) – Wave (4) Forming, Short 🟡 XAUUSD Elliott Wave Analysis (15M TF) – Wave (4) Forming, Short Setup in Play 📅 Date: May 16, 2025 📈 Instrument: Gold (XAU/USD) – 15M Chart 🔍 Technique: Elliott Wave, SNR, Fibonacci, AO Convergence ✅ Wave Count Summary We have a clean 5-wave Elliott structure unfolding: ✅ Wave (1), (2), and extended Wave (3) are completed. 🔄 Price is now in a Wave (4) pullback phase. 🔽 Anticipating a final push down for Wave (5). 🔍 Wave (4) Confluence Zone (Short Setup) Price is currently approaching a strong confluence zone around 3196, which includes: 📌 Confluences at 3196: 🔴 SNR (Support-Turned-Resistance): Historical reaction level 🌀 Fibonacci Retracements: 0.618 of wave (3) = 3171.6 1.618 Fib Extension (minor internal leg) = 3198.81 Several Fibo clusters between 3195–3200 📐 Dominant Break occurred previously → retest likely 🕯️ Bearish Reaction Expected: Monitor for reversal candlesticks near this level 💡 This is the ideal entry zone for Wave (5) shorts. 📉 Wave (5) Bearish Target Projections Using Fibo projections from Wave (3) to (4), expect: Target Level Description Price Zone 🎯 TP1 100% of Wave (1) extension ~3154.80 🎯 TP2 Full Wave (5) extension zone ~3135–3140 📊 AO Divergence may signal Wave (5) completion as momentum fades. 💼 Trade Setup Idea (For educational purposes – follow your own strategy & confirmation rules) Parameter Value Entry Zone 3195–3198 (SNR + Fibo) Stop Loss 3206–3210 (above structure) TP1 3155 (safe zone) TP2 3135 (extended target) Risk–Reward ~1:2.5 to 1:3 depending on SL 📌 Confirmation Tips: Wait for bearish engulfing or pin bar near 3196. Watch for AO turning red = sign of bearish momentum resuming. 🧠 Conclusion Wave (4) looks to be maturing near the 3196 SNR/Fibo cluster, with a bearish reaction expected to kickstart Wave (5). This setup offers a great R:R opportunity if confirmed by price action. Patience and confirmation are key — don’t front-run until a rejection forms. 📈 Let the chart do the talking. Trade what you see.
FOREXCOM:XAUUSDShort
by AwesomeOscDad
XAUUSD M15 Analysis – Wave 3 in Progress with Momentum Sell Conf🔍 Technical Breakdown: The M15 chart has completed a 5-wave impulsive decline, followed by a clear ABC corrective structure. Price has now broken below the (B) wave low, suggesting the beginning of Wave 3 to the downside. A bearish sell zone is identified between 3208 – 3215, which aligns with previous structure and Fibonacci retracement levels. The Awesome Oscillator (AO) has printed a fresh red histogram bar, confirming a momentum sell signal—perfect timing for Wave 3 initiation. 🎯 Trade Setup: Sell Limit Zone: 3208 – 3215 (shaded red area) Stop Loss: Just above Wave (C) high or around 3218 Take Profit Zone: Targeting the 1.618 Fibonacci extension (~3180 area) 📌 Confluence Factors: Elliott Wave structure supports the Wave 3 sell. AO confirms bearish momentum returning after correction. Strong rejection expected from previous structure zone (supply area). ⚠️ Risk Note: Wave 3 often brings strong movement—stay disciplined with stop placement and position sizing. 💬 This setup is clean and supported by momentum tools—wait for a pullback into the zone and let price action confirm before entering.
FOREXCOM:XAUUSDShort
by AwesomeOscDad
EURJPY H1 Analysis – Wave 4 Retracement in Play🕐 Timeframe: 1H 📅 Updated: 17 May 2025 📌 Pair: EURJPY ⸻ 🔍 Technical Outlook: • Price is in a clear bearish trend, respecting lower highs and lower lows. • Awesome Oscillator (AO) shows bearish convergence — momentum is weakening but still bearish overall. • Price retraced to the 2.618–2.786 extension zone (162.902–162.982), a common wave 4 reaction level. • This zone may act as a rejection area, setting up for the start of wave 5. ⸻ 🔧 Elliott Wave Structure: • ✅ Wave 1–3: Completed with strong bearish momentum. • 🟡 Wave 4: Likely completed at 162.982 or may slightly extend, but momentum is fading. • 🔴 Wave 5: Expected next move — continuation to the downside. ⸻ 📍 Key Levels: • 🔺 Wave 4 Resistance Zone: 162.902–162.982 • 🔻 Potential Wave 5 Target: • 🎯 TP1: 162.000 • 🎯 TP2: 161.835 (Fib 4.236 extension) • 🎯 TP3 (Extension): 161.50 or lower if selling accelerates ⸻ 🧠 Strategy: 1. Monitor price action at 162.982 — if rejected, likely wave 4 completed. 2. Look for bearish engulfing / momentum candles for entry signal. 3. Short Setup Idea: • Entry: Below 162.88–162.90 after confirmation • SL: Above wave 4 high (163.12 or tighter at 163.00) • TP: 100+ pip potential — trailing to lock profit ⸻ ✅ Summary: • AO confirms bearish convergence → weak momentum • Price hit Fib confluence zone → wave 4 likely done • Wave 5 could give 100+ pips to the downside • Wait for confirmation, then short the breakdown
Short
by AwesomeOscDad
S&P 500 Breaks Out — Trump, Tariffs & Bullish Island PatternDonald Trump has mentioned the US stock market in every meeting he has held in the past few days, which has caused the US stock market indices , including the S&P500 Index ( SP:SPX ), to rise: "Better go out and buy stocks now". President Donald Trump told a crowd in Saudi Arabia on Tuesday that the markets are just getting started. “It’s going to get a lot higher,” he said, right as the S&P 500 posted its first gain since late February. But one of the main reasons for the increase in the S&P 500 Index and US stocks is The United States has dropped its tariffs on Chinese goods to 30% , down from a brutal 145% , while China is slashing its own duties on US imports to just 10% , temporarily, for the next 90 days . ------------------------------------------------- Now let's take a look at the S&P 500 Index chart on the daily time frame . S&P500 Index managed to break the Resistance zone($5,737_$5,506) and 21_SMA(Weekly) by Breakaway Gap . In terms of Classic Technical Analysis , the S&P500 Index has managed to form a Bullish Long Island Pattern , and this pattern is one of the continuing patterns and will be a sign of the continuation of the S&P500 Index's upward trend . In terms of Elliott Wave theory , it seems that the S&P500 index has completed the corrective wave and is in new impulsive waves , which could cause a new All-Time High(ATH) to form. I expect the S&P500 index to increase by at least +5% as it approaches the Uptrend line , and we will see the possibility of a new ATH . Please respect each other's ideas and express them politely if you agree or disagree. S&P 500 Index Analyze (SPX500USD), Daily 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 and updates; 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:SPX500USDLong
by pejman_zwin
15