Chart Overview:
Gold (XAU/USD) is at a critical juncture. The recent action shows a completed three-wave correction, and price is now setting up for what could be a powerful motive wave. My primary scenario is a bullish move once the current structure matures, but I’m also tracking alternate counts—flat, triangle, and double zigzag—all of which still point to at least one more push higher.
Why This Count?
The leading diagonal (5-3-5-3-5 or 3-3-3-3-3) for wave 1 fits the textbook, with wave 4 overlapping wave 1—a classic Elliott Wave signature.
The three-wave correction appears complete, which often signals the start of a new impulsive sequence.
I’m watching for confirmation: a completed corrective pattern and a strong move off the lows.
What’s Next?
If the correction finishes and price holds above the wave 1 low, I’ll be looking for a long setup targeting the 100% or 1.618 extension of wave 1.
Invalidation is simple: if the wave 1 low breaks, the count is off and I’ll reassess.
I’ll wait for structure to complete before entering—patience is key.
Gold (XAU/USD) is at a critical juncture. The recent action shows a completed three-wave correction, and price is now setting up for what could be a powerful motive wave. My primary scenario is a bullish move once the current structure matures, but I’m also tracking alternate counts—flat, triangle, and double zigzag—all of which still point to at least one more push higher.
Why This Count?
The leading diagonal (5-3-5-3-5 or 3-3-3-3-3) for wave 1 fits the textbook, with wave 4 overlapping wave 1—a classic Elliott Wave signature.
The three-wave correction appears complete, which often signals the start of a new impulsive sequence.
I’m watching for confirmation: a completed corrective pattern and a strong move off the lows.
What’s Next?
If the correction finishes and price holds above the wave 1 low, I’ll be looking for a long setup targeting the 100% or 1.618 extension of wave 1.
Invalidation is simple: if the wave 1 low breaks, the count is off and I’ll reassess.
I’ll wait for structure to complete before entering—patience is key.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。