XAUUSD ( Elliott Wave Analysis ) Key Observations:
Primary Impulse Structure:
- The chart shows a well-defined five-wave impulse sequence, marked by numbers (1, 2, 3, 4, 5) in different degrees.
- The third wave (Wave 3) appears to be extended, a common characteristic in strong trends.
Sub-Wave Structures:
- Within the major impulse waves, smaller-degree waves are labeled in red, orange, and green, signifying the fractal nature of Elliott Waves.
- This detailed breakdown provides insights into potential micro-trends and pullbacks.
Current Market Position:
- The price is currently at the end of Wave (iii) of the larger degree, suggesting that a Wave (iv) correction may occur before a final push to complete Wave (v).
- The projected path in dashed lines anticipates a correction followed by another rally toward a higher target.
Potential Trading Implications:
- If the market follows the Elliott Wave count, traders may look for a pullback (Wave iv) as a buying opportunity before Wave v.
- Key support zones for Wave iv could be previous resistance levels or Fibonacci retracement areas.
- Confirmation of Wave v completion could signal a larger corrective phase afterward.
Conclusion:
This Elliott Wave analysis suggests the asset is in a strong uptrend with potential for further gains after a minor correction. Traders should watch for retracement levels and confirmation of the final wave structure before making trading decisions.
Elliott Wave
BNX: After a +900% Rally, What's Next?BNX had an incredible run, skyrocketing +900% in just 19 days, completing a 5-wave Elliott Wave structure and peaking at $1.3333. Since then, the price has been in a downtrend, now approaching the critical $1.00 psychological support level.
Key Support Levels
The weekly open sits at $0.9387, aligning perfectly with the Point of Control (POC) from the previous trading range, making this a crucial level to watch. However, the bigger question remains—where is the next high-probability trade setup?
Liquidity Below $0.8278 – There's a significant liquidity pool just below this low, making it an attractive area for potential stop hunts before a reversal.
0.5 Fibonacci Retracement ($0.7333) – Measuring the full +900% move, the 50% retracement aligns near a key support zone.
Weekly Bullish Order Block ($0.7076) – A historical area of demand, adding further confluence.
1.272 Fibonacci Extension ($0.7250) – Another confirmation of a potential bounce area.
Anchored VWAP from $0.1334 – Currently sitting at $0.6675, this dynamic support strengthens the buy zone.
0.618 Fibonacci Speed Fan – If the price drops towards this level by late February, it could provide additional confluence for a bounce.
Potential Trade Setups
Bullish Setup: If price sweeps $0.8278 liquidity and enters the $0.7333 - $0.7076 demand zone, a long opportunity with confirmation could offer a great risk-to-reward trade.
Baidu Heading Up and Up. BIDUTriple Drive/ABCDE B Wave of a zigzag....maybe. This is a bet on a E Wave yet to form. If fractal rules are obeyed, then next move should be a 1.2 of the previous, which aligns in a very nice Fibonacci cluster at 0.786/1.272. Naturally, the indicators below have just turned to bullish as well almost in unison.
Pivoting Automatic Data Processing. ADPStrong bearish candle starts the picture painting. MIDAS cross follows, along with divergent RSX now out of OBOS territory. Would you look at that long combo on BB%PCT, now flipping to bearish. Interestingly, VZO and Ehlers Stoch RSI have been chronically divergent along the fifth wave, which is often seen. Fifth wave has often been attributed to traders big and small pushing the price beyond sustainable levels, which gets high lighted by divergences being throw off all over the place.
DXY filling gaps downward - expect correction soonLooks like the dollar is filling GAPs as the chart shows. Last 2 are at 102.826 and 101.601.
Follow Fibs for areas of reaction where we may get a correction.(yes fibs go beyond 1.618)
Look for the correction very soon, if we have one, to go as high as 105.5-ish. It should NOT correct higher than that if we are going much lower...according to Elliott Wave I'm assuming we are in the 3rd wave.
Watch for the trend(price) to move toward the blue line as an area/direction while it's correcting.
GOLD → Consolidation ahead of NFP. What can happen?FX:XAUUSD is heading for resistance after a false breakdown of 2895. The market continues to test 2926 with the aim to break this zone. There is news ahead and the risks of increased volatility are growing.
Markets remain jittery over Trump's tariff plans, which supported gold demand. Trade tensions and mixed U.S. jobs data are adding to inflation risks, which could weaken the dollar. All eyes are on the NFP report.
Based on the analysis of the last few reports, a rough conclusion is that on average in the first 15 minutes, weak data led gold to rise 60 points and strong data led gold to fall 50 points
However, other factors such as inflation and data revisions may dampen the market reaction. The final effect depends on investors' assessment of the Fed's future policy.
Resistance levels: 2926, 2942
Support levels: 2912.5, 2909.5, 2895
Before the news, the price may test 2926 with a false breakout (MM trap for liquidity) and roll back to the nearest support.
But further prospects depend on the news. Gold is in consolidation 2926 - 2895. On the background of possible weak data gold may overcome 2926 and accelerate to ATH. Strong data may provoke profit taking and correction to 2895 - 2875
Regards R. Linda!
AUDUSD → Retest of the imbalance zone before growth FX:AUDUSD on the back of strong dollar decline has all chances for further growth, but today, Friday, the risks are quite high, as NFP is ahead...
The currency pair is forming a local uptrend, in tandem with the falling dollar the Aussie may continue its strengthening course.
On the 4H a local correction to the imbalance zone is forming, where a rather strong support line 0.63 is just passing. The price is forming a false breakout and after capturing liquidity is trying to consolidate higher. If the bulls can keep the defense above 0.63 - 0.633, the price will be able to continue the growth phase in the short and medium term.
Support levels: 0.63, 0.6255
Resistance levels: 0.633, 0.6363
Consolidation above 0.63, subsequent rise and consolidation above 0.633 is an ideal scenario that could confirm the bulls' intentions to go higher. But, NFP and other news are ahead. Risks are rising and we should expect high volatility in the markets
Regards R. Linda!
NIFTY Technical Analysis – Current Market OutlookMarket Structure: B-C Correction in Progress
Current Trend: NIFTY is undergoing a B-C correction phase, where wave BC is expected to be an impulsive 5-wave movement on the downside.
Retracement Scenario : Currently, NIFTY is in a corrective move within the 4th wave of the BC leg, retracing downward.
Key Retracement Levels : Expecting a pullback to the 38.2% to 61.8% Fibonacci levels, which could act as a resistance before the next downward leg resumes.
Target Projection: Based on wave structure analysis, NIFTY may reach 21,470 levels as the next significant support zone.
Volume and Market Sentiment
Volume Analysis: Selling pressure remains dominant; any short-term retracements could be seen as opportunities for further downside.
Momentum Indicators: RSI & MACD likely show bearish momentum, confirming the downward move.
Key Resistance Levels : Any up move could face selling pressure around the 22,300 – 22,500 zone.
Conclusion & Trading Strategy
Overall Trend: Bearish – NIFTY is expected to continue its downside momentum after the current corrective wave completes.
Potential Shorting Opportunity: Traders can watch for resistance at Fibonacci retracement levels and enter short positions once confirmation of trend continuation is observed.
Key Support Zone: 21,470 remains a major level to watch for further downside price action.
Disclaimer:
This analysis is for educational and informational purposes only. It is based on technical chart patterns and market structures. Stock market investments involve risks, and past performance is not indicative of future results. Traders and investors should do their own due diligence or consult a qualified financial advisor before making any trading decisions
Do you think GOLD will go up or down today with the Nonfarm newsDo you think GOLD will go up or down today with the Nonfarm news?
In the Asian and European sessions, gold will still have a sideways range, but the range will be smaller than yesterday.
The price reaction will be from the 2916-2919 area down to 2900. And it's likely that today's Nonfarm news will be a liquidity sweep of buy orders to the 38.2% Fibonacci level, which is the 2970-2980 price range
-In summary, this analysis predicts that:
+ Before the Nonfarm news is released, the price of gold may trade within a narrow range.
+When the Nonfarm news is released, there is a possibility that the price of gold will make a temporary sharp move up to around 2970-2980 to "sweep liquidity" from buy orders, before potentially reversing downward.
BTC (Bitcoin); my guess for next monthsBTC (Bitcoin); my guess for next 3-4 months; I'm bullish for long term but i still expect to get that 73-75k level before we try new aths. Most important level is still 100-102k for new ath, it needs to rise above it or we are still in downtrend for bitcoin.
Not financial advice.
Reliance Industries: Case of Ending DiagonalTheory:
DIAGONAL:
Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of the wave 1.
Properties Of Diagonals:
Diagonals can be contracting or expanding type being expanding diagonal a rare one.
In contracting type, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2.
In expanding type, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2.
Types Of Diagonals:
LEADING DIAGONAL
ENDING DIAGONAL
LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern.
ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat.
After the termination of the diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal has began. (generally it retrace back to the wave-2 of the diagonal structure)
TRADING PLAN:
Stock is likely to hold above 1156 on any weakness and recover towards 1290-1300 in the coming days and weeks ahead.
EUR/USD Analysis – Invitri Strategy Masterclass Date of Analysis[/b
Status: COMPLETED as predicted!
On 24th Feb, we shared this clear Elliott Wave setup using our exclusive Invitri Strategy under Green Fire Forex. Here’s how the move played out step by step:
Wave 1-2: Formed the base structure.
Wave 3: Strong breakout, as expected – the most powerful wave.
Wave 4: Beautiful correction holding between 50%-78% Fibonacci, creating a bullish flag pattern.
Wave 5: Final push completing the impulse, exactly as predicted.
Entry: After Wave 4 breakout confirmation (red zone).
Target: Wave 5 completion (achieved successfully).
Result: Full 0–5 wave structure completed with precision.
What’s next?
Now watching for an ABC correction to unfold from here.
Why Invitri Strategy works:
Combines Elliott Wave + Fibonacci + Chart Patterns.
Focuses on breakout confirmations.
Gives high-confidence trades with perfect risk-reward setups.
Stay tuned for the next move!
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GOLD → Consolidation ahead of Friday's NFP. What to expect?FX:XAUUSD stops and forms consolidation within the range 2926 - 2894.9. A false break of support may bring the market back to its senses amid the bearish dollar rally
A weaker dollar and expectations of Fed policy easing are supporting demand for the metal despite a pause in Trump's tariff measures.
Traders are waiting for key NFP data that could determine the future trajectory of the dollar and Fed policy. For today, all eyes are on Initial Jobless Claims.
Technically, gold within the 2926 - 2894 range is looking to test the liquidity zone on the support side as there is an unfilled fvg below 2894.9. Against the backdrop of gold's bullish trend and falling dollar, the chances of a rebound are quite high
Resistance levels: 2926, 2942
Support levels: 2894.9, 2878.7
Price may test the daily low or fvg, form a false breakdown of one of the mentioned support zones and continue to rise after capturing liquidity within the global uptrend
Regards R. Linda!
US Dollar Is Falling ImpulsivelyTrump tariffs and trade wars continue to dominate the market, and we have seen a strong sell-off in the US dollar recently. This reinforces the idea that the US may not win this battle easily, as some other countries have already responded and are trying to hit back. So it’s not a surprise that in this uncertainty stocks are also in a consolidation, but approaching a potential support.
Finally the USD is coming down, now breaking some key support at 106 which is an important indication for a resumption of a downtrend, especially if we consider that the current sell-off is sharp and can be third of a third wave.
So, a bearish trend can stay in play for much lower levels, mainly because Tariffs are delayed again, until April 2nd. Markets are stabilizing and recovering, while USDollar - DXY remains under bearish pressure with space for more weakness. Risk-On sentiment back?
USDJPY → Readiness to break the daily support levelFX:USDJPY is testing strong key support at 148.64 for a breakdown. A falling dollar could affect further movement
The falling dollar is supporting the Japanese Yen, thus we may see the currency pair falling.
The price is trying to break the support of the daily level. A pre-breakdown consolidation of 150.3 - 148.64 is formed relative to this support. The last retest of the level ended with a small false breakdown, indicating that there is no one to defend the support anymore, there was no reaction except for another local consolidation, the purpose of which is to accumulate the potential to break the support.
Resistance levels: 150.3, 150.95
Support levels: 148.64, 147.17
The focus is on the level of 148.64 concerning which the market is struggling. The bulls have little chance to hold this level, as the dollar's fall exerts quite a lot of pressure.
The breakdown and fixing of the price below 148.64 may provoke a fall to 147 - 144.
Regards R. Linda!
EURCAD Wave Analysis – 6 March 2025
- EURCAD broke multi-year resistance 1.5100
- Likely to rise to resistance level 1.5770
EURCAD currency pair is rising sharply after the earlier breakout of the powerful multi-year resistance 1.5100, which has stopped all upward impulses from the start of 2021.
The breakout of the resistance 1.5100 accelerated the short-term impulse wave 3 of the longer-term upward impulse sequence (3) from the end of 2024.
Given the clear multiyear uptrend, EURCAD currency pair can be expected to rise to the next resistance level 1.5770, the former major price barrier from 2020 and the target for the completion of the active weekly impulse wave 3.
$SPY March 6, 2025AMEX:SPY March 6, 2025
15 Minutes.
As expected, we had SPY around 575. Taking support and trying to form a base.
Important because 570 is 200 averages in daily.
Once 570 is broken we are in trouble.
Now for the rise 572.74 to 586.58 to 573.08 we can expect 588- 594 as target provided 573 is held.
We rea having oscillator divergence in 15 and 30 minutes but not in 60 minutes.
So, i expect some volatility today/tomorrow for these 575 levels.
Not the time to longs. At the moment.
USDSGD: Target for c) of (B) is 1.2788 below.DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
AMD - Interesting chart! Advanced Micro Devices (AMD) is an American multinational company specializing in semiconductors, microprocessors, and graphics cards. Headquartered in Santa Clara, California, AMD was founded in 1969 and has become a key player in high-performance computing, competing with companies like Intel and Nvidia.
Financial Results 2024:
In 2024, AMD achieved record financial results. The company reported an annual revenue of $25.8 billion, with a gross margin of 49%. Operating income was $1.9 billion, while net income stood at $1.6 billion. On a non-GAAP basis, the gross margin was 53%, operating income reached $6.1 billion, and net income was $5.4 billion, with diluted earnings per share of $3.31. (amd.com)
Outlook for 2025:
For the first quarter of 2025, AMD forecasts revenue of approximately $7.1 billion, representing a 30% year-over-year increase. However, a sequential decline of 7% is expected due to seasonal factors. (digitimes.com)
Future Projects:
AMD is focusing on several key innovations:
Zen 6 Architecture: Expected in 2026, the Zen 6 ("Morpheus") architecture will be built using TSMC’s 3nm and 2nm processes. The desktop processors, codenamed "Medusa," and server chips, named "Venice," will represent the next generation of high-performance CPUs. (en.wikipedia.org)
RDNA 4 Graphics Cards: AMD has confirmed the launch of its next-generation RDNA 4-based GPUs in early 2025. These cards will bring significant improvements in gaming performance, ray tracing, and AI capabilities. (theverge.com)
Artificial Intelligence: AMD is heavily investing in AI, recently launching the MI300 chip, which is rapidly becoming one of its fastest-growing products. AMD’s AI strategy spans from personal computing to large-scale cloud data centers, with collaborations involving Microsoft, Meta, and Oracle. (time.com)
With a strong financial foundation and a clear vision for the future, AMD continues to drive innovation in the semiconductor industry, strengthening its position in the global market.