Elliott Wave Monitor
Elliott Wave Analysis for Gold (XAU/USD) β June 15, 2025
Wondering Where GOLD Might Be Headed Next?
βͺοΈTake a look at this chart: corrective wave (2) seems to have ended precisely at the classic 61.8% Fibonacci retracement level, A strong signal that a powerful impulsive wave β’ may be about to launch.
β«οΈWeβre now standing at the edge of wave β’, which is often the strongest and most explosive move in the Elliott Wave sequence.
βͺοΈWave β shows a clear five-wave structure, while the current correction looks complete, setting the stage for a potential rally toward the 3600β3700 zone.
βͺοΈTake a look at this chart: corrective wave (2) seems to have ended precisely at the classic 61.8% Fibonacci retracement level, A strong signal that a powerful impulsive wave β’ may be about to launch.
β«οΈWeβre now standing at the edge of wave β’, which is often the strongest and most explosive move in the Elliott Wave sequence.
βͺοΈWave β shows a clear five-wave structure, while the current correction looks complete, setting the stage for a potential rally toward the 3600β3700 zone.
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Elliott Wave Monitor
Wondering Where GOLD Might Be Headed Next? βͺοΈTake a look at this chart: corrective wave (2) seems to have ended precisely at the classic 61.8% Fibonacci retracement level, A strong signal that a powerful impulsive wave β’ may be about to launch. β«οΈWeβreβ¦
On June 29, 2025, we published a professional analysis of XAU/USD, forecasting a bullish reversal from the 61.8% Fibonacci level.
βͺοΈThat prediction played out perfectly as price bounced exactly as expected.
β«οΈToday, July 7, weβre back with an updated outlook confirming that wave (2) has likely bottomed at 3246.56.
βͺοΈAll signs now point to the beginning of a powerful wave (3) rally targeting the 161.8% Fibonacci extension near 3700.
β«οΈThe bullish wave structure remains intact, with strong support holding.
βͺοΈAny downside remains a buying opportunity within a well structured Elliott Wave scenario.
βͺοΈThat prediction played out perfectly as price bounced exactly as expected.
β«οΈToday, July 7, weβre back with an updated outlook confirming that wave (2) has likely bottomed at 3246.56.
βͺοΈAll signs now point to the beginning of a powerful wave (3) rally targeting the 161.8% Fibonacci extension near 3700.
β«οΈThe bullish wave structure remains intact, with strong support holding.
βͺοΈAny downside remains a buying opportunity within a well structured Elliott Wave scenario.
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The 4-hour GOLD chart shows we're in a minor wave (2) correction within a developing intermediate wave β’, which itself follows the completion of primary wave β‘ on the daily timeframe.
βͺοΈThis corrective move unfolded as a complex WXY pattern and completed near the 78.6% Fibonacci retracement of minor wave (1).
β«οΈThe primary scenario now anticipates the start of minor wave (3) to the upside, continuing the larger impulsive structure of intermediate wave β’.
βͺοΈThe invalidation level is set at 3246.56.
β«οΈAs long as price holds above this level, a bullish breakout targeting 3440 and beyond remains likely.
βͺοΈThis corrective move unfolded as a complex WXY pattern and completed near the 78.6% Fibonacci retracement of minor wave (1).
β«οΈThe primary scenario now anticipates the start of minor wave (3) to the upside, continuing the larger impulsive structure of intermediate wave β’.
βͺοΈThe invalidation level is set at 3246.56.
β«οΈAs long as price holds above this level, a bullish breakout targeting 3440 and beyond remains likely.
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GOLD Forecast
1. Weekly & Daily Outlooks
-> https://elliottwavemonitor.com/gold-forecast/
2. This Post Gives A Clearer Explanation If Youβd Like To Understand Better.
-> https://elliottwavemonitor.com/elliott-wave-analysis-of-gold-july-12-2025/
1. Weekly & Daily Outlooks
-> https://elliottwavemonitor.com/gold-forecast/
2. This Post Gives A Clearer Explanation If Youβd Like To Understand Better.
-> https://elliottwavemonitor.com/elliott-wave-analysis-of-gold-july-12-2025/
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This chart shows a EUR/USD daily time frame analysis based on Elliott Wave Theory.
β«οΈThe green wave (iii) completed at the 1.16321 high, followed by a correction forming wave (iv).
βͺοΈThis wave (iv) is expected to unfold as an irregular flat correction.
β«οΈThe initial drop formed wave (a), then price rallied sharply in wave (b), exceeding the top of wave (iii) and reaching 1.18301.
βͺοΈCurrently, the market is likely starting wave (c), a downward move expected to complete the flat pattern.
β«οΈThis wave could reach the 38.2% Fibonacci retracement level near 1.1100 before the uptrend resumes in wave (v).
β«οΈThe green wave (iii) completed at the 1.16321 high, followed by a correction forming wave (iv).
βͺοΈThis wave (iv) is expected to unfold as an irregular flat correction.
β«οΈThe initial drop formed wave (a), then price rallied sharply in wave (b), exceeding the top of wave (iii) and reaching 1.18301.
βͺοΈCurrently, the market is likely starting wave (c), a downward move expected to complete the flat pattern.
β«οΈThis wave could reach the 38.2% Fibonacci retracement level near 1.1100 before the uptrend resumes in wave (v).
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EURUSD - 4H
For Read: https://elliottwavemonitor.com/eurusd-analysis-will-the-fed-spark-a-bigger-sell-off/
For Read: https://elliottwavemonitor.com/eurusd-analysis-will-the-fed-spark-a-bigger-sell-off/
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GOLD Completes Wave 4 & Gears Up for the Major Wave 5.
Is This the Start of the Big Rally?
Is This the Start of the Big Rally?
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