Elliott Wave Analysis – XAUUSD, August 5, 2025📊
________________________________________
🔍 Momentum Analysis:
• D1 Timeframe:
Momentum has entered the overbought zone. As anticipated in previous plans, we've seen four consecutive bullish days, and the current overbought condition signals that bullish momentum is weakening.
• H4 Timeframe:
Momentum is reversing downward → We expect a potential pullback today, at least until the US session.
• H1 Timeframe:
Momentum is also turning down → This supports the possibility of a short-term pullback on the H1 chart.
________________________________________
🌀 Wave Structure Analysis:
Currently, there are two key scenarios to consider:
✅ Scenario 1 – ABC Correction Structure (black labels):
• If this is a C wave completing an ABC correction, the current bullish move is likely over.
• In this case, price may break below the 3315 support zone, resuming the medium-term bearish trend.
✅ Scenario 2 – Impulse Wave 12345 (black labels):
• If this is wave 5 of a 5-wave impulse, the uptrend may not be complete yet.
• Currently, wave 5 has reached its first target at 3385, however, we must still watch for an extended target around 3402.
• Notably, wave 4 took the form of a triangle. According to Elliott Wave theory, when wave 4 is a triangle, wave 5 typically travels a distance equal to the triangle’s maximum height → This makes 3385 a highly probable peak area.
________________________________________
🧭 Trade Plan (Reference Only):
🔹 Sell Setup #1 – Near Potential Wave 5 Top:
• Sell Zone: 3375 – 3378
• Stop Loss: 3387
• TP1: 3365
• TP2: 3344
• TP3: 3333
🔹 Sell Setup #2 – In Case of Extended Wave 5:
• Sell Zone: 3400 – 3402
• Stop Loss: 3410
• TP1: 3385
• TP2: 3368
• TP3: 3333
