GOLD โ Long squeeze support could strengthen the price to 4500FX:XAUUSD continues its aggressive rally. The price has reached a new high of 4497.5, leaving a small gap of $2.5 to 4500 (insurance against profit-taking???). A retest of support could renew interest in buying...
Statements by US Treasury Secretary Bentsen about a possible transition to inflation targeting (instead of a fixed target of 2%) undermine confidence in the Fed's long-term policy.
โข The escalation of US sanctions against Venezuela (detention of tankers) and continued tensions in Ukraine and the Middle East are boosting demand for defensive assets.
Today, US GDP data for the third quarter and durable goods orders are expected. Speeches by Fed members may cause increased volatility amid low liquidity (end of the year).
The upward trend in gold continues, but in order to continue growing, the market may switch to liquidity hunting mode and form retests of support levels...
Resistance levels: 4497.5, 4500, 4510
Support levels: 4470, 4460, 4450
The 4470 zone is a liquidity pool; a retest or long squeeze could resume the rally. However, I do not rule out that, against the backdrop of the news, gold may test 4460 - 4450 before continuing to grow. In the current situation, all attention is focused on the range of 4470 - 4500.
Best regards, R. Linda!
Futures market
Price Is Rising Fast, but the Key Move Lies in the Pullback to 4Hello, I'm Domic.
Looking closely at the H4 chart, gold is currently in a very strong acceleration phase. A steep sequence of bullish candles has pushed price into the 4.48xx area, while both trendlines on the chart are clearly sloping upward. This confirms that the uptrend remains dominant, but it also shows that price is running ahead of its underlying support โ and that is usually when the market needs a pullback to reassess buying strength.
From a fundamental perspective, this rally is not happening in a vacuum. Geopolitical and energy risks are resurfacing as a key backdrop: the US tightening restrictions on Venezuelan oil and renewed tensions between Russia and Ukraine are classic drivers of safe-haven demand, pulling capital back into gold. On the other hand, more cautious signals from some Fed officials regarding the pace of rate cuts could keep the USD and bond yields firm, making it difficult for gold to rise in a straight line without intermittent corrections. In addition, a dense calendar of upcoming US economic data suggests intraday volatility may remain elevated but uneven.
The zone I am watching most closely is around 4,360โ4,330. In fast โmomentum-drivenโ uptrends like this, the market often repeats a familiar pattern: a sharp push higher that creates a breakout narrative, followed by a pullback to test the base and trend support, and only then does the market decide whether it has enough strength to continue higher. If gold can hold the 4,360โ4,330 area and show a clear buying reaction, the bullish structure will remain clean and intact.
Wishing you successful trading!
GOLD - We've updated ATH. What's next? A correction?FX:XAUUSD hit a new all-time high, approaching $4,425, for a bunch of reasons, one of which is increased interest in hedging against geopolitical risks...
Fundamental situation:
The US has increased sanctions pressure on Venezuela. Israel is considering options for attacking Iran's nuclear program. Russia-Ukraine negotiations show no progress. Weak US data (inflation and employment) have reinforced expectations of two Fed rate cuts in 2026.
On Tuesday, US GDP data for the third quarter and durable goods orders are expected, as well as speeches by Fed members, which may adjust short-term dynamics. The combination of geopolitical uncertainty and soft monetary policy continues to support the upward trend.
Resistance levels: 4420
Support levels: 4406, 4400, 4380
Any correction is likely to be limited as long as the current fundamental background remains unchanged. However, when entering the market, it is necessary to take into account the level of risk. Buying in the high zone is high risk. We are waiting for a pullback or correction to the indicated zone before making any decisions.
Best regards, R. Linda!
XAUUSD Long: Demand Zone Holds, $4,540 in SightHello traders! Hereโs a clear technical breakdown of XAUUSD based on the current chart structure. Gold previously completed a corrective phase after breaking above a descending resistance line, which marked a shift in market control from sellers to buyers. Following this breakout, price entered a consolidation Range, where the market absorbed supply and built a base before the next impulsive move higher. After leaving the range, XAUUSD accelerated into a strong bullish leg and formed an ascending channel, confirming sustained buying pressure. The breakout above the channel base was decisive, and price continued to print higher highs and higher lows. Recently, gold reached the Supply Zone around 4,500, where selling pressure appeared and caused a short-term rejection. This reaction pushed price back toward the Demand Zone near 4,430, which aligns with the channel support and previous breakout structure.
Currently, price is pulling back in a controlled manner within the bullish channel. The rejection from supply looks corrective rather than impulsive, suggesting profit-taking instead of trend reversal. Buyers are expected to defend the demand area as long as the channel structure remains intact.
My scenario: as long as XAUUSD holds above the 4,430 Demand Zone, the bullish structure stays valid. A strong reaction from this area could lead to another push toward the 4,500 Supply Zone, with a potential continuation toward 4,540 if a clean breakout occurs. A decisive breakdown below demand would invalidate the bullish setup and signal a deeper correction. For now, the bias remains bullish while price respects the ascending channel. Manage your risk!
The Christmas Silver Finally Breaks FreeFor decades, Silver has celebrated the holidays the same way ๐
Strong rallies.
Rising excitement.
And a familiar ceiling.
๐ Christmas 1980
Silver climbed like a Christmas tree, fast, vertical, and emotional.
The star was reached at the $50 level.
And just like that, the lights went out โจ
The market peaked and collapsed back into its long-term range.
๐ Christmas 2010
Different era. Same story.
Once again, Silver rallied into Christmas, lit up the chart, and tested the same $50 level.
The tree was tall.
The star was bright.
But price could not hold above it.
โญ๏ธWhy the Star at $50 Always Mattered
That star was not decorative .
It was structural .
The $50 level represented:
โข decades of trapped supply
โข historical excess from prior cycles
โข a psychological round number the market respected
Every Christmas rally stopped at the same place.
Until this oneโ๏ธ
๐ซChristmas 2025: The Star Breaks Free
This time, Silver did not just touch the star.
It broke above it and held.
The Christmas tree is no longer capped.
The star has turned into a shooting star โ๏ธ
That is what price discovery looks like.
When a market escapes a level it failed to conquer for decades, it stops trading inside a box and starts trading into open space.
๐Discovery Mode: The Sky Is the Limit
With the ceiling gone, Silver enters a new phase.
The blue zone ahead is not a prediction .
It is a projection .
A natural expansion toward the next psychological magnet near 100.
Not because history says so.
But because history no longer applies the same way once a multi-decade barrier breaks.
Above the star, there is only sky.
๐กThe Takeaway
Silver spent decades decorating the same tree.
This Christmas, it finally stepped outside the room ๐โก๏ธ๐
And once a market reaches open skies,
it does not ask for permission.
It explores .
๐งSo hereโs the real question:
Where do you see Silver next Christmas?๐
And where do you think it will be ten Christmases from now?
โ ๏ธ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
๐ Stick to your trading plan regarding entries, risk, and management.
Good luck! ๐
All Strategies Are Good; If Managed Properly!
~ Richard Nasr
GOLD 1H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 4360 and a gap below at 4327, as support. We will need to see ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
4360
EMA5 CROSS AND LOCK ABOVE 4360 WILL OPEN THE FOLLOWING BULLISH TARGETS
4388
EMA5 CROSS AND LOCK ABOVE 4388 WILL OPEN THE FOLLOWING BULLISH TARGETS
4417
EMA5 CROSS AND LOCK ABOVE 4417 WILL OPEN THE FOLLOWING BULLISH TARGETS
4449
BEARISH TARGETS
4327
EMA5 CROSS AND LOCK BELOW 4327 WILL OPEN THE FOLLOWING BEARISH TARGET
4299
EMA5 CROSS AND LOCK BELOW 4299 WILL OPEN THE SWING RANGE
4270
4236
EMA5 CROSS AND LOCK BELOW 4236 WILL OPEN THE SECONDARY SWING RANGE
4212
4183
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Lingrid | GOLD Short-Term Pullback Expected After ATHOANDA:XAUUSD perfectly played out my previous trading idea . Price has pushed into a fresh all-time high zone after a strong impulsive leg, but momentum is starting to stretch near the upper boundary of the rising channel. The latest higher high was formed directly into major psychological level. Price action is showing price deceleration, suggesting buyers may be losing short-term control.
If sellers step in around the 4,515โ4,520 area, TVC:GOLD could unwind part of the impulse and rotate lower toward the 4,425 support zone. This would still fit a healthy retracement within a broader uptrend rather than a trend reversal.
โก๏ธ Primary scenario: rejection near 4,515โ4,520 โ pullback toward 4,425.
โ ๏ธ Risk scenario: sustained acceptance above 4,520 may invalidate the pullback and open continuation into higher ATH territory.
If this idea resonates with you or you have your own opinion, traders, hit the comments. Iโm excited to read your thoughts!
Gold (XAUUSD) โ 4H Continuation After Bullish ConsolidationHi!
Market Structure:
Gold remains in a strong ascending channel, maintaining higher highs and higher lows. After briefly breaking above the mid-channel resistance, price respected the broader bullish structure, confirming trend continuation rather than reversal.
Price Action & Patterns:
The market experienced a healthy 40% corrective consolidation, followed by a strong impulsive leg that broke the local channel. This move was followed by a pennant formation, accompanied by a controlled 50% correction, indicating bullish compression rather than distribution.
Support & Demand Zone:
Price is currently pulling back into a key demand area, aligned with former resistance and the channel support. This zone is critical for continuation and provides a favorable risk-to-reward structure for trend-following setups.
Upside Scenarios:
If price holds above this demand zone, continuation toward the upper channel boundary becomes the primary scenario, with extended targets toward the 4,550โ4,580 region based on channel projection.
Invalidation:
A decisive breakdown below the demand zone and channel support would weaken the bullish bias and signal deeper consolidation.
Disclaimer: As part of ThinkMarketsโ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Thin Liquidity, Gold Can Fly: Are You Buying at the Right Level?Hello traders, letโs continue with todayโs XAUUSD outlook.
Personally, I believe the primary trend of XAUUSD remains BULLISH , supported by both fundamental news and technical structure . However, in a thin holiday liquidity environment , the market may choose one of two clear scenarios below before confirming its next directional move.
From a news perspective, gold has just printed a record high during the Asian session , driven by rising safe-haven demand amid escalating U.S.โVenezuela geopolitical tensions . With year-end trading volumes remaining light , defensive capital flows tend to amplify price swings, making gold more prone to sharp breakouts or fast pullbacks than usual.
Scenario (1) โ Direct continuation higher:
If price holds firmly above the 4,480 area (support zone 1) and buying pressure remains steady, gold could push directly toward the 4,550 target. This is the trend-following scenario, favored when safe-haven sentiment stays dominant and no strong selling pressure appears at current levels.
Scenario (2) โ Deeper pullback, then rally:
If the market needs to โcool offโ, price may correct toward the 4,400 area (support zone 2). Should this zone be well defended, the pullback would likely be technical in nature, forming a stronger base for the next bullish leg toward 4,550. This scenario often unfolds when RSI eases and buyers step back in at more favorable prices.
Conclusion:
Regardless of which path the market takes, 4,550 remains the key short-term objective. The most important factor is discipline: buy only with confirmation at support, and avoid FOMO during strong holiday-driven volatility.
Note: This is only a trading idea for reference. Iโd be happy to hear your viewsโfeel free to share your perspective or leave a comment below.
Gold - This metal is collpasing very soon!๐ฑGold ( OANDA:XAUUSD ) is preparing a major dump:
๐Analysis summary:
Gold has been rallying an incredible +175% over the course of the past couple of months. But at this exact moment, Gold is retesting the ultimate resistance trendline. Considering that Gold is totally overextended, we will see a harsh drop in the very near future on Gold.
๐Levels to watch:
$4,500
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
XAUUSD: Rejection from 4,420 Resistance - Pullback Toward 4,350Hello everyone, here is my breakdown of the current XAUUSD setup.
Market Analysis
XAUUSD continues to trade within a broader bullish structure, but the current price action signals a short-term corrective phase. After forming a strong upward impulse, gold established a well-defined upward channel, confirming buyer control. Price then broke above the previous consolidation range, which marked a continuation of bullish momentum.
Currently, XAUUSD pushed higher and reached the Resistance Zone around 4,410โ4,420, a level that has historically acted as a strong supply area. At this zone, price showed clear rejection, with sellers stepping in aggressively and limiting further upside. This reaction suggests that supply is currently outweighing demand at these highs. As a result, price is now pulling back from resistance and moving toward the Support Zone around 4,350, which aligns with the previous breakout area and the lower boundary of the upward channel. This zone represents a key demand area where buyers have previously defended the trend. The recent breakout above this level followed by a retest further strengthens its importance.
My Scenario & Strategy
My scenario remains short-term bearish as long as XAUUSD stays below the 4,410โ4,420 Resistance Zone and continues to show rejection from this area. I expect price to retrace toward the 4,350 Support Zone, where the next reaction will be crucial for determining continuation or deeper correction.
Therefore, A clean breakdown below the 4,350 Support Zone would confirm a deeper corrective move within the structure and could open the path toward lower demand levels along the channel support. However, if price reaches support and shows a strong bullish reaction, the broader bullish structure remains intact, and buyers may attempt another push toward the resistance highs. For now, the focus is on the corrective pullback, with 4,350 acting as the key level to watch.
That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Selena | XAUUSD Weekly Range Expansion | Market MoveFOREXCOM:XAUUSD
Price previously consolidated inside multiple range zones before delivering strong bullish momentum. The latest breakout above the prior range high confirms continuation strength. A shallow pullback or retest into the broken structure remains the preferred scenario before further upside expansion.
Key Scenarios
โ
Bullish Case ๐
Acceptance above the previous range high keeps the trend intact, with continuation toward higher resistance levels.
๐ฏ Target 1: 4,475
๐ฏ Target 2: 4,500+
โ Bearish Case ๐
Failure to hold above the breakout zone may lead to a corrective pullback toward channel support and prior demand.
๐ฏ Downside Target: 4,325 โ 4,300
Current Levels to Watch
Resistance ๐ด: 4,475 โ 4,500
Support ๐ข: 4,350 โ 4,300
โ ๏ธ Disclaimer: This analysis is for educational purposes only. It is not financial advice.
Gold Enters PRZ After New ATH โ Time to Watch for Shorts?Gold ( OANDA:XAUUSD ) started the new week by printing a New All-Time High(ATH).
At the moment, price is moving inside the Potential Reversal Zone(PRZ) and is also approaching the upper lines of the Small/Large ascending channel.
Technically, there is a strong probability that these upper channel lines act as dynamic resistance for gold.
From an Elliott Wave perspective, gold appears to be in the process of completing Main Wave 5.
The main wave 5 could reasonably terminate inside the Potential Reversal Zone(PRZ) .
Additionally, a clear Regular Bearish Divergence (RDโ) is visible between the last two consecutive highs.
This Regular Bearish Divergence (RDโ) is not limited to lower timeframes and can also be observed clearly on the Daily timeframe, which adds weight to the setup.
Based on this confluence, I expect gold to start a corrective move from the Potential Reversal Zone(PRZ) , with a minimum downside target toward the key support lines.
First Target: Support lines
Second Target: Support zone($4,357-$4,341)
Stop Loss(SL): $4,475
Points may shift as the market evolves
๐ก Please respect each other's opinions and express agreement or disagreement politely.
๐ Gold Analyze (XAUUSD), 4-hour time frame.
๐ Always set a Stop Loss(SL) for every position you open.
โ
This is just my idea; Iโd love to see your thoughts too!
๐ฅ If you find it helpful, please BOOST this post and share it with your friends.
XAUUSD โ Technical Analysis on 3H FrameXAUUSD โ Technical Analysis on 3H Frame
โ
Lana waits for a correction to buy safely ๐
Trend: Very strong increase, continuously setting new highs
Monitoring frame: 3H
Current status: Price is rising sharply, no significant correction yet
Strategy: Do not chase buying, wait for a correction to the liquidity zone to Buy
Market context
In today's Asian session, gold has surged strongly and approached the 4500 zone, an unprecedented price level. The increase is very steep, with almost no pause or small correction, indicating that buying pressure is completely dominant.
From a fundamental perspective, the expectation that the Fed will continue to maintain a dovish stance is weakening the USD, combined with escalating geopolitical tensions, has reinforced gold's role as a safe haven. The decisive break of the 4375โ4380 zone and then 4400 has triggered additional speculative inflows following the upward trend.
Technical view on 3H frame
On the 3H frame, the upward structure is still very clear and the price channel is well maintained. However, when the increase range is too large and continuous, entering orders at high zones becomes very risky.
For Lana, in such phases, patiently waiting for a correction is more important than trying to catch up with the market.
If the buying force continues after a pause, further targets around 4580 can be fully aimed for.
Price zones Lana is monitoring
Near Buy zone โ Liquidity
Buy around: 4415
This is the nearest liquidity zone, where the price may return to "gain momentum" before continuing to rise. Lana will closely observe the price reaction here.
Long-term Buy zone โ Deep correction
Long-term Buy: 438x
If the market shows a clearer correction, this is the price zone Lana prioritizes to find safer buying opportunities for the medium-term trend.
Notes when trading
Do not chase buying during phases with too large a range
Only enter orders when the small frame creates a clear structure according to Dow theory
Reduce volume, prioritize risk management during high market excitement phases
FOLLOW LANA TO ANALYZE TOGETHER EVERY DAY.
XAU/USD | Gold Breaks $4500 , Get Ready for $4600! (READ THE TA)By analyzing the #Gold chart on the 4H timeframe, we can see that price moved exactly as expected. Gold pushed into the $4440 to $4444 zone, faced selling pressure there, but only corrected to $4412 before strong demand stepped in again. Yesterday, gold rallied sharply and printed a new ATH at $4497.
After that move, price corrected again to $4430, but demand was so strong that the entire drop was recovered within four hours. Gold then broke above $4500 and is now trading around $4525, marking another new ATH.
At the moment, I do not see a clear reason for a heavy correction. From a mid-term view, I consider $4330 as a key price floor. The main demand zones to watch are $4330 to $4350, $4406 to $4419, and $4484 to $4500. As long as gold holds above $4500, my short-term upside targets are $4550, $4575, and $4600.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Gold Breaks Higher: Momentum Accelerates Beyond ExpectationsGold Breaks Higher: Momentum Accelerates Beyond Expectations
Five days ago, when I posted my previous analysis, gold was trading around 4270.
Today, price reached 4418, marking a rise of almost +3.5% in less than one week.
The move followed our expected direction, but the speed was much stronger than in previous sessions.
Most of this push happened today during the early European market hours, where gold gained +1.9% for no clear reasons as usual.
Last week, price faced its first sell-off near 4380, but buyers stepped in aggressively. This strong accumulation allowed gold to break and hold above 4380, turning it into a new support zone. As long as price stays above this level, higher prices remain likely.
Many news outlets explain the rally with:
Expectations of US Federal Reserve rate cuts
Strong safe-haven demand
A weaker US dollar
However, under normal market conditions, these explanations do not fully justify such aggressive buying.
Additionally, the BIS Bank recently highlighted that gold has shifted from a traditional store of value to a more speculative asset over the past year. This helps explain why gold now reacts strongly even without major news.
Gold behavior is not entirely normal, but momentum remains clearly bullish.
For now, price could face resistance near:
4425
4450
4500
While potential pullbacks may target 4380 before gold moves up further.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
Previous analysis:
GOLD Is Very Bearish! Short!
Please, check our technical outlook for GOLD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 4,459.75.
Considering the today's price action, probabilities will be high to see a movement to 4,363.61.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
XAUUSD: Bullish Trend Remains Clear, Pullbacks Are Just a Setup Hi!
On the H4 timeframe, price is moving cleanly within a well-defined ascending channel. What I value most about this rally is not its speed, but the way the market consolidates before each breakout. After the previous advance, XAUUSD did not experience aggressive selling; instead, it entered a consolidation phase with shallow pullbacks of roughly 40โ50%. This is a classic characteristic of a strong trend, where selling pressure is limited to short-term profit taking and is quickly absorbed.
Following this accumulation phase, price broke above the corrective trendline, forming a continuation pattern (pennant) and immediately triggering a strong bullish leg. This breakout pushed price deeper into the upper side of the trend channel, confirming a bullish continuation rather than distribution. From my experience, such โcleanโ breakouts are typically driven by institutional flows, not retail FOMO.
From a fundamental perspective, the current environment continues to favor gold. According to the Forex Factory calendar, the market is closely monitoring upcoming U.S. inflation and labor data, while expectations remain that the Fed will maintain a more accommodative stance, or at least avoid a strongly hawkish tone in the near term. Meanwhile, major outlets such as Bloomberg and Reuters continue to highlight safe-haven demand amid geopolitical risks and slowing global growth. These factors have limited the upside potential of the U.S. dollar and indirectly supported XAUUSD.
At this point, with price trading at fresh highs, I do not expect gold to move straight up. A more realistic scenario is a technical pullback toward the nearest support zone within the ascending channel, around the 4,45xโ4,46x area, to retest demand. If this zone holds, it would provide a solid base for price to continue higher toward the next resistance area around 4,55xโ4,58x, aligning with the upper boundary of the trend channel.
Wishing you successful trading!
Elise | XAUUSD | 30M โ Bullish Continuation StructureOANDA:XAUUSD
Following the impulsive breakout from the flip zone, price is consolidating within the channel. This consolidation indicates controlled bullish continuation rather than exhaustion. A shallow pullback toward channel equilibrium is expected before continuation higher.
Key Scenarios
โ
Bullish Case ๐
Sustained price action above the flip zone and channel support may lead to further upside.
๐ฏ Target 1: 4,480
๐ฏ Target 2: 4,500
โ Bearish Case ๐
A breakdown below the flip zone would invalidate the bullish structure.
๐ฏ Downside Target: 4,370 โ 4,350
Current Levels to Watch
Resistance ๐ด: 4,480 โ 4,500
Support ๐ข: 4,370 โ 4,350
โ ๏ธ Disclaimer: This analysis is for educational purposes only. Not financial advice.
Silver - Strength Speaks Loudest!!๐Silver has been one of the strongest performers across almost the entire market, consistently outperforming most assets and leading the momentum higher.
๐Structurally, price remains firmly bullish , respecting the rising blue channel with clean impulsive moves followed by shallow corrections. This behavior is exactly what strong trends look like.
๐นAs long as this rising blue channel holds , the plan remains straightforward:
Iโll be looking for trend-following longs on every correction, not chasing highs, but waiting patiently for pullbacks into structure.
Only a clear and decisive break below the channel would invalidate this bullish thesis. Until then, Silver remains a buy-the-dip market, favoring continuation rather than reversal.
โ ๏ธ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
๐ Stick to your trading plan regarding entries, risk, and management.
Good luck! ๐
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Hellena | GOLD (4H): SHORT to support area of 4360 (Correction).Colleagues, the price has shown fairly steady growth, reaching a new historic high, and I believe that a correction is not far off.
So, at the moment, wave โ1โ of the higher order is coming to an end, and I expect this to happen around the 4545 level, followed by the start of corrective movement โ2โ towards the 4360 level โ this is the minimum target. Of course, I expect a deeper correction, but I prefer to take more likely targets.
I would also like to point out that the price may already begin its correction, which would mean that wave โ1โ is already complete.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Elise | XAUUSD | 30M โ Bullish Continuation Inside ChannelOANDA:XAUUSD
After tapping HTF demand, XAUUSD printed a strong impulsive move followed by a controlled pullback. The current price action suggests a corrective phase rather than distribution, keeping the bullish structure intact while price holds above channel support.
Key Scenarios
โ
Bullish Case ๐
Continuation expected after pullback completion.
๐ฏ Target 1: 4,520
๐ฏ Target 2: 4,560
โ Bearish Case ๐
A decisive breakdown and close below HTF demand would invalidate the bullish bias.
๐ฏ Downside Risk: 4,430 zone
Current Levels to Watch
Resistance ๐ด: 4,520 โ 4,550
Support ๐ข: 4,430 โ 4,450
โ ๏ธ Disclaimer: This analysis is for educational purposes only. Not financial advice.






















