Elliott Wave Monitor
Expected Bullish Momentum
On the 4-hour chart, GOLD has likely completed the corrective wave (ii) at the 3311.57 low, while the invalidation level remains at 3321.51. 1
Current price action suggests the start of an impulsive wave (iii) to the upside, which is typically strong in Elliott Wave theory.
As long as the market holds above the invalidation level, the bullish scenario stays valid with potential upside targets around 3440.
A drop below 3321.51 would negate this outlook.
Current price action suggests the start of an impulsive wave (iii) to the upside, which is typically strong in Elliott Wave theory.
As long as the market holds above the invalidation level, the bullish scenario stays valid with potential upside targets around 3440.
A drop below 3321.51 would negate this outlook.
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USDJPY Preparing to Complete Wave 4 Triangle
▪️From an Elliott Wave perspective, USDJPY appears to have completed most of its wave 4 triangle structure, with price currently unfolding the final wave e.
▪️The completion of this triangle is expected to provide a solid base for the upcoming impulsive wave 5, targeting levels above 150.919 toward 152–153.
▪️From an Elliott Wave perspective, USDJPY appears to have completed most of its wave 4 triangle structure, with price currently unfolding the final wave e.
▪️The completion of this triangle is expected to provide a solid base for the upcoming impulsive wave 5, targeting levels above 150.919 toward 152–153.
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According to Elliott Wave analysis, GOLD has completed the fourth corrective wave (IV) around 3268.04, which formed a standard triangle pattern (ABCDE).
The current wave (iii) of the major upward wave (3) is now moving strongly, with the price currently in sub-wave iii within this wave.
Expectations:
We anticipate a short-term correction near the 38.2% retracement of the previous wave, representing sub-wave iv.
After this correction, the likely scenario is a continuation of the uptrend to complete wave 5 within the major wave (3).
Potential bullish targets range between $3550 – $3620 per ounce, with support at $3400 being a key level for wave iv.
Conclusion:
The current trend remains bullish as long as price holds above $3400 support.
This scenario offers traders an opportunity to enter during the correction and target gains in the upcoming wave 5.
The current wave (iii) of the major upward wave (3) is now moving strongly, with the price currently in sub-wave iii within this wave.
Expectations:
We anticipate a short-term correction near the 38.2% retracement of the previous wave, representing sub-wave iv.
After this correction, the likely scenario is a continuation of the uptrend to complete wave 5 within the major wave (3).
Potential bullish targets range between $3550 – $3620 per ounce, with support at $3400 being a key level for wave iv.
Conclusion:
The current trend remains bullish as long as price holds above $3400 support.
This scenario offers traders an opportunity to enter during the correction and target gains in the upcoming wave 5.
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Gold – 4H Elliott Wave Analysis
We are currently tracking two main scenarios for gold:
▪️Count 1 (preferred): Wave (iii) of the larger degree is still in progress. Sub-wave iii topped at 3578, followed by a completed wave iv pullback. Price action suggests that wave v of (iii) is unfolding, with potential extension toward the 161.8% Fibonacci projection. After that, we should expect a corrective wave (iv) before the final push in wave (v).
▪️Count 2 (alternate): Alternatively, wave (iii) may have already completed at 3578. In this case, the market is tracing out a wave iv correction which could test the 38.2% retracement before resuming higher in wave v of (iii).
▫️In both scenarios, the broader structure remains bullish as long as price holds above the prior wave ii lows. Short-term pullbacks are corrective in nature, while the primary trend continues to favor the upside.
We are currently tracking two main scenarios for gold:
▪️Count 1 (preferred): Wave (iii) of the larger degree is still in progress. Sub-wave iii topped at 3578, followed by a completed wave iv pullback. Price action suggests that wave v of (iii) is unfolding, with potential extension toward the 161.8% Fibonacci projection. After that, we should expect a corrective wave (iv) before the final push in wave (v).
▪️Count 2 (alternate): Alternatively, wave (iii) may have already completed at 3578. In this case, the market is tracing out a wave iv correction which could test the 38.2% retracement before resuming higher in wave v of (iii).
▫️In both scenarios, the broader structure remains bullish as long as price holds above the prior wave ii lows. Short-term pullbacks are corrective in nature, while the primary trend continues to favor the upside.
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▪️No one in the world can predict whether gold will rise tomorrow or fall next month.
Anyone who claims otherwise is simply misleading.
▫️Elliott Wave is not a magic wand it’s an analytical tool that provides a primary and an alternate scenario.
Even with mastery, accuracy rarely exceeds 60%, just like any other form of analysis.
▪️Most importantly: analysis is not trading.
No trader can ride an entire wave from start to finish. Real trading is shaped by psychology, discipline, and risk management completely different from analysis itself.
▫️Bottom line: use Elliott Wave to understand market probabilities, not as an absolute prediction tool.
Anyone who claims otherwise is simply misleading.
▫️Elliott Wave is not a magic wand it’s an analytical tool that provides a primary and an alternate scenario.
Even with mastery, accuracy rarely exceeds 60%, just like any other form of analysis.
▪️Most importantly: analysis is not trading.
No trader can ride an entire wave from start to finish. Real trading is shaped by psychology, discipline, and risk management completely different from analysis itself.
▫️Bottom line: use Elliott Wave to understand market probabilities, not as an absolute prediction tool.
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Elliott Wave Monitor
▪️No one in the world can predict whether gold will rise tomorrow or fall next month. Anyone who claims otherwise is simply misleading. ▫️Elliott Wave is not a magic wand it’s an analytical tool that provides a primary and an alternate scenario. Even with…
Many won’t like this statement, especially those who provide shallow or misleading analyses, believing they can control the market.
The truth is, the market always outsmarts them, yet they continue to deny it.
The truth is, the market always outsmarts them, yet they continue to deny it.
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Soon, We will be in direct daily contact with you! 🔴
We will be trading gold live during the London session.
The live session will last approximately 6 to 8 hours, letting you follow every market move closely.
We will be trading gold live during the London session.
The live session will last approximately 6 to 8 hours, letting you follow every market move closely.
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Which Platform Would You Like Us To Do The Live GOLD Trading Session On?
Anonymous Poll
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Tiktok
31%
Instagram
57%
Youtube
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Out of 10,000 subscribers on the channel, only 2.5% participated in the poll.
Interest in live trading seems low
Is That Correct?
Regarding The GOLD Price
Gold is at an all-time high, but as a trader, this isn’t the main concern.
▪️After every rally, wait for a price correction downward.
▪️During the correction, identify a Key Level to buy.
▪️Target: the last peak only, don’t chase 3700, 3800, or 4000.
Interest in live trading seems low
Is That Correct?
Regarding The GOLD Price
Gold is at an all-time high, but as a trader, this isn’t the main concern.
▪️After every rally, wait for a price correction downward.
▪️During the correction, identify a Key Level to buy.
▪️Target: the last peak only, don’t chase 3700, 3800, or 4000.
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The chart shows XAU/USD – 4 hour timeframe.
▪️From the mid-August low, gold started an impulsive rally forming waves (i – ii – iii – iv – v) on a smaller degree, then moved into a larger wave structure.
▪️The price reached 3675, marking the top of the main wave (iii).
▪️According to Elliott Wave analysis, wave 3 (iii) has ended, and the market is now expected to enter a wave 4 (iv) correction to retrace part of the previous rally.
▪️Once wave (iv) is complete, the uptrend should resume with wave (v), targeting new highs above 3675.
▪️From the mid-August low, gold started an impulsive rally forming waves (i – ii – iii – iv – v) on a smaller degree, then moved into a larger wave structure.
▪️The price reached 3675, marking the top of the main wave (iii).
▪️According to Elliott Wave analysis, wave 3 (iii) has ended, and the market is now expected to enter a wave 4 (iv) correction to retrace part of the previous rally.
▪️Once wave (iv) is complete, the uptrend should resume with wave (v), targeting new highs above 3675.
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We’ll Be Going Live Soon On YouTube To Trade GOLD Together
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LINK: https://www.youtube.com/@elliottwavemonitor
Don’t Forget To Subscribe!
LINK: https://www.youtube.com/@elliottwavemonitor
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