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XAU/USD – Elliott Wave Outlook (May 21, 2025)
Gold is still in a strong uptrend, currently forming a Wave 2 pullback on the lower timeframes (1M–15M) after completing an impulsive Wave 1 from the 3,289 low.
Wave Structure Summary:
4H → Wave 3 in progress | Target: 3,395–3,398
2H → Subwave 3.3 accelerating | TP: 3,372–3,380
1H → Wave 3.3.3 (strongest leg) | TP: 3,355–3,365
30M–1M → Currently in Wave 2 correction after a full 5-wave advance
Strategy Today:
Buy Zone: 3,306–3,308
Stop Loss: 3,304.5 (tight) or 3,301 (wider)
Targets:
• TP1: 3,313
• TP2: 3,319
• TP3: 3,338+
Expected time to breakout: 10–45 minutes
Confirmation signals to watch:
✅ AO turns green
✅ Fractal breakout above 3,310
✅ Expanding EMA ribbon on 1M/5M
Wave 3 has the potential to drive gold toward 3,355+ in the next 4–8 hours.
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This is not financial advice. Always manage your risk.
#XAUUSD #Gold #ElliottWave #WaveAnalysis #TechnicalAnalysis #TradingView
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.