Elliott Wave Analysis – XAUUSD | 1H Timeframe
As previously mentioned, the main bullish move in gold appears to have come to an end, and we are now in a corrective phase. The current wave structure clearly suggests a high probability of a zigzag correction—a three-wave pattern that often follows a strong trend.
This correction could potentially push prices lower...
📊 GBP/USD Analysis – Bullish Outlook with a Short-Term Correction
The GBP/USD pair is in an uptrend and approaching a key resistance zone. A short-term correction is expected before the price resumes its upward movement from the 1.29578 support level. 📈
🔹 Resistance Zone: The red area where sellers may step in.
🔹 Key Support Level: 1.29578, which could serve as...
I entered a buy trade at the 3002.043 support level, where the price showed a positive reaction and started an upward trend. Currently, the price is approaching a key resistance level, which, if broken, could pave the way for further growth.
Market Analysis:
✅ Strong Support: The price was supported at 3002.043, and buyers stepped in.
✅ Key Resistance: The 3030...
📉 USDCHF Analysis – Sell Setup in Play! 🚀
🔻 The price was rejected from the 0.88400 - 0.88500 resistance zone and is now moving downward.
📍 The key support at 0.88000 - 0.88100 could be the next short-term target for sellers.
⚠️ If this level breaks, further decline toward 0.87700 is possible. Otherwise, a bullish reversal may occur.
🎯 Strategy: Manage the trade...
📊 Gold: A Short Correction Before the Next Rally? 🚀✨
It looks likely that gold will continue its upward trend after a short-term correction, especially given the current geopolitical and economic conditions.
📉 Reasons for a Possible Correction:
🔹 Profit-taking after recent gains
🔹 Short-term traders exiting positions
🔹 Market volatility due to central bank...
Technical Analysis of Gold (XAU/USD) on the 4-Hour Timeframe:
Based on the chart, gold has followed an Elliott Wave upward trend and is now showing signs of correction after completing the fifth wave. This correction could retrace to key support levels, with the most significant one being around $2,955. This level coincides with the previous fourth wave and may...
The price of gold in the XAU/USD chart has been in an uptrend, forming waves 1, 2, 3, 4, and 5. Currently, we are within the larger wave 5, where three main sub-waves have already formed, and we are now waiting for the formation of the corrective wave 4 within wave 5.
Based on price action and classical patterns, corrective wave 4 may take one of the following...
