XAU/USD Elliott Wave Analysis – Can Gold Reach New Highs?
🚀 XAU/USD Elliott Wave Analysis – Can Gold Reach New Highs?
📊 Market Context:
Gold is currently in the fifth wave of the third wave within a larger degree structure. The price has successfully reached its first target, which aligns with Elliott Wave guidelines—approximately equal to Wave 1. This signals a potential corrective phase ahead.
📉 What’s Next? Correction or Continuation?
As gold approaches a critical level, we should expect a correction before the next price action unfolds. This corrective phase could take different forms:
✅ A shallow and brief pullback
✅ A sharp and deeper retracement
Once this correction completes, the market's structure will provide signals for the next major move.
📈 Will Gold Continue to New Highs?
My answer is yes—gold has the potential to break previous highs. The key lies in observing the corrective structure. If the price action confirms a five-wave rally, we can confidently identify the ongoing movement as the third wave of a larger degree.
Additionally, if the fourth wave of the larger degree forms a triangle pattern, we may witness the longest and strongest wave in this rally.
🔎 Key Takeaways:
The first price target has been reached.
A correction is likely before the next major move.
Watch for price action signals after the pullback.
The structure suggests a continued bullish outlook.
📢 What’s Your View?
Do you agree with this Elliott Wave count? Let me know in the comments!
#Gold #XAUUSD #ElliottWave #TechnicalAnalysis #Forex #GoldForecast #WaveAnalysis #PriceAction #Trading #FX #Investing
📊 Market Context:
Gold is currently in the fifth wave of the third wave within a larger degree structure. The price has successfully reached its first target, which aligns with Elliott Wave guidelines—approximately equal to Wave 1. This signals a potential corrective phase ahead.
📉 What’s Next? Correction or Continuation?
As gold approaches a critical level, we should expect a correction before the next price action unfolds. This corrective phase could take different forms:
✅ A shallow and brief pullback
✅ A sharp and deeper retracement
Once this correction completes, the market's structure will provide signals for the next major move.
📈 Will Gold Continue to New Highs?
My answer is yes—gold has the potential to break previous highs. The key lies in observing the corrective structure. If the price action confirms a five-wave rally, we can confidently identify the ongoing movement as the third wave of a larger degree.
Additionally, if the fourth wave of the larger degree forms a triangle pattern, we may witness the longest and strongest wave in this rally.
🔎 Key Takeaways:
The first price target has been reached.
A correction is likely before the next major move.
Watch for price action signals after the pullback.
The structure suggests a continued bullish outlook.
📢 What’s Your View?
Do you agree with this Elliott Wave count? Let me know in the comments!
#Gold #XAUUSD #ElliottWave #TechnicalAnalysis #Forex #GoldForecast #WaveAnalysis #PriceAction #Trading #FX #Investing
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.