Elliott Wave Analysis – XAUUSD August 10, 2025
1. Momentum Analysis
• D1 Timeframe: Daily momentum lines are still overlapping without a confirmed reversal signal. This suggests that a potential reversal could occur within the next 1–2 days.
• H4 Timeframe: Momentum is currently rising, indicating that prices may continue to climb during the Asian session tomorrow.
• H1 Timeframe: Momentum is also rising, further supporting the expectation of continued upside movement in the Asian session.
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2. Wave Structure Analysis
• Current price action is overlapping, reinforcing the hypothesis that an ending diagonal is forming.
• This structure could either be part of Wave 5 (black) or Wave C (black). In both cases, it represents an ending diagonal 12345, with the market currently in Wave 4 (blue).
• Confirmation signal: A sharp and steep decline will confirm the ending diagonal — as mentioned in previous plans, this has not yet occurred.
• The projected completion targets are at 3412 or 3419. If the price breaks 3439, it will likely confirm the completion of Wave 5 (black).
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3. Possible Scenarios
• Scenario 1: If the current move is part of a 5-wave 12345 black structure, once Wave 5 completes, a corrective ABC 3-wave decline could follow, targeting 3333.
• Scenario 2: If the current move is part of a 3-wave ABC black structure, once Wave C completes, a 5-wave bearish sequence could unfold, breaking below 3315.
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4. Combining Momentum & Wave Structure
Given that:
• D1 is in the overbought zone and could reverse within 1–2 days,
• H4 momentum is rising, and
• Price is likely in Wave 4 (blue),
→ On Monday, we may see one more upward push to complete Wave 5 (blue). This presents a potential SELL opportunity in the 3412–3419 target area.
Since this is a wide zone, it’s best to wait for clear reversal signals before entering.
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5. Trade Plan
SELL ZONE 1: 3411 – 3413
• SL: 3416
• TP1: 3400
• TP2: 3381
• TP3: 3342
SELL ZONE 2: 3419 – 3421
• SL: 3429
• TP1: 3400
• TP2: 3381
• TP3: 3342
1. Momentum Analysis
• D1 Timeframe: Daily momentum lines are still overlapping without a confirmed reversal signal. This suggests that a potential reversal could occur within the next 1–2 days.
• H4 Timeframe: Momentum is currently rising, indicating that prices may continue to climb during the Asian session tomorrow.
• H1 Timeframe: Momentum is also rising, further supporting the expectation of continued upside movement in the Asian session.
________________________________________
2. Wave Structure Analysis
• Current price action is overlapping, reinforcing the hypothesis that an ending diagonal is forming.
• This structure could either be part of Wave 5 (black) or Wave C (black). In both cases, it represents an ending diagonal 12345, with the market currently in Wave 4 (blue).
• Confirmation signal: A sharp and steep decline will confirm the ending diagonal — as mentioned in previous plans, this has not yet occurred.
• The projected completion targets are at 3412 or 3419. If the price breaks 3439, it will likely confirm the completion of Wave 5 (black).
________________________________________
3. Possible Scenarios
• Scenario 1: If the current move is part of a 5-wave 12345 black structure, once Wave 5 completes, a corrective ABC 3-wave decline could follow, targeting 3333.
• Scenario 2: If the current move is part of a 3-wave ABC black structure, once Wave C completes, a 5-wave bearish sequence could unfold, breaking below 3315.
________________________________________
4. Combining Momentum & Wave Structure
Given that:
• D1 is in the overbought zone and could reverse within 1–2 days,
• H4 momentum is rising, and
• Price is likely in Wave 4 (blue),
→ On Monday, we may see one more upward push to complete Wave 5 (blue). This presents a potential SELL opportunity in the 3412–3419 target area.
Since this is a wide zone, it’s best to wait for clear reversal signals before entering.
________________________________________
5. Trade Plan
SELL ZONE 1: 3411 – 3413
• SL: 3416
• TP1: 3400
• TP2: 3381
• TP3: 3342
SELL ZONE 2: 3419 – 3421
• SL: 3429
• TP1: 3400
• TP2: 3381
• TP3: 3342
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👉 Join the channel to receive more scalping signals!
Channel Telegram: t.me/+XkFQ95yHVOEwNDc1
Channel Telegram: t.me/+XkFQ95yHVOEwNDc1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.