ew_17i
Gold is currently in a corrective Wave 4 after completing Wave 3. The price is consolidating, showing signs of a temporary pullback. 📉 Wave 4 correction in play 📈 Waiting for a bullish setup to enter Wave 5 🔍 Traders are watching the $3,360–$3,380 zone for potential buying opportunities. Once Wave 4 completes, we expect a strong upward move toward new highs in...
Chart Review (EUR/USD – 1H Timeframe): This chart appears to follow a clear Elliott Wave structure. The count shows that wave (2) has completed, and we are now progressing through a strong impulsive wave (3). Within wave (3), sub-waves 1 and 2 are labeled, with wave 3 in progress. The internal structure of wave 3 is unfolding nicely, with smaller-degree waves...
The chart illustrates the recent price movement of Gold against the US Dollar (XAU/USD) on a 4-hour timeframe, with an Elliott Wave analysis overlay. As of April 12, 2025, gold is trading at $3,237.93, showing a steady upward trend. The Elliott Wave count suggests that the market has completed the first two major impulsive waves ((I)) and ((II)), followed by a...
The gold market is currently undergoing a corrective phase after completing a clear Elliott Wave 5-wave impulse structure to the upside, as marked on the chart. 🟦 Wave Count Overview: The chart shows a completed 5-wave impulse structure labeled (1) to (5). The sub-waves within Wave (5) are also clearly detailed: (i), (ii), (iii), (iv), and (v). This suggests...
The chart shows a completed five-wave impulse structure, labeled from (1) to (5). The final wave (5) has ended, with sub-waves i, ii, iii, iv, v marked within it. This suggests that the impulsive bullish trend is over. Bearish Reversal Indicated: There is a strong downward movement after wave (5), confirming a possible trend reversal. Potential Targets for...
Current Wave Progression: Wave (5) is in progress, with the sub-waves (i), (ii), (iii) already formed. The market seems to be in wave (iv), a minor corrective pullback before another rally toward wave (v). Key Levels to Watch: Resistance: $3,150 - $3,180 → Possible target for wave (v) if the uptrend continues. Support: $3,100 → Key level to maintain bullish...
Gold (XAU/USD) Elliott Wave Analysis – Potential for Further Upside? Market Overview The chart represents a 1-hour timeframe of Gold (XAU/USD) with an Elliott Wave analysis. The price is currently trading around $3,085, showing a strong bullish trend. Wave Structure Breakdown The chart highlights a five-wave impulse structure following Elliott Wave Theory. Wave...
XAU/USD 28/8/2024 UP wave will continue on 1H. Wait for the buy signal at the current price range. Take profit at 253x area.