🔹 Overall Trend: The market is in a corrective pullback after a strong bullish wave, currently testing a key Buy Zone. 🔹 Wave Structure: The price is forming a potential Elliott Wave correction, with a possible bullish reversal from the demand zone. 🔹 Technical Analysis: • Buy Zone: Identified between 2,846 - 2,841, aligning with Fibonacci Naji retracement...
Timeframe: 4-Hour Chart :XAUUSD This analysis uses Elliott Wave Theory and Fibonacci retracements to project the market’s next potential movements. Currently, the chart suggests that we are in the C-wave of a larger correction. Within this wave, I anticipate that the second subwave of wave C will likely exhibit a corrective structure (e.g., Zigzag or Flat), in...
Timeframe FUSIONMARKETS:XAUUSD 4-Hour Chart: This analysis uses Elliott Wave Theory and Fibonacci retracements to project the market’s next potential movements. Currently, the chart suggests that we are in the C-wave of a larger correction. Within this wave, I anticipate that the second subwave of wave C will likely exhibit a corrective structure (e.g.,...