Get started

Wave Analysis

XAU/USD a lower high with projections of a bearish continuationTechnical Features Highlighted 1. Market Structure The chart displays a clear Elliott Wave-style labeling of market swings (impulse and correctional waves), marked with circular nodes. A Double Bottom (or possible reversal zone) is seen around the $3,160 level, marked with a blue circle labeled "DS". Price is currently in a corrective structure, potentially forming a lower high with projections of a bearish continuation. 2. Key Zones Identified Resistance Zone: Around $3,313 to $3,328 (highlighted in green). Support Zone: Around $3,100 to $3,160 (highlighted in red at the bottom). Fair Value Gap (FVG): An imbalance zone is marked between earlier bullish impulsive candles, indicating potential for price to revisit and fill this inefficiency. 3. Trend & Projection The overall structure suggests a potential bearish trend, with price likely to continue lower after a minor pullback. The final price projection arrows suggest a target near or below the $3,160 level, possibly aiming for $3,100 or lower. --- Indicators and Tools Manual Markings: The chart features extensive use of drawing tools—trendlines, projection arrows, and boxes—to illustrate price movement patterns. No active indicators (like RSI, MACD, or Moving Averages) are shown, indicating a price action-based strategy. --- Conclusion This chart illustrates a methodical price action analysis of gold, leveraging market structure, support/resistance levels, and imbalances (FVGs) to anticipate a bearish move in the short term. The trader seems to be preparing for a short setup with a potential target near previous lows.
TVC:GOLDShort
by Johnson67
Was This Week's Move in USD/JPY Just a Correction?This week’s bounce in USD/JPY may have caught some traders off guard—but when viewed through the lens of the Elliott Wave Principle, the price action appears to be corrective rather than impulsive. 🧩 The Evidence: A 3-Wave Move According to the wave structure: The recent move up unfolded in 3 waves, labeled as an ABC correction. Wave C terminated near the 100% Fibonacci extension of Wave A (~146.189), which is a classic ZigZag ratio. Additionally, there was a clear MACD divergence between price and momentum as Wave C completed—a common sign that the move is running out of steam and that the wave is likely terminal. These clues all point to the idea that the rally was corrective, not the start of a new impulsive trend. 📉 What Comes Next? If this count is correct: USD/JPY may have completed Wave (ii) of a new downward impulse. The next move could be the start of Wave (iii)—typically the most aggressive and directional wave in a 5-wave decline. ✅ Trigger Level: A break below the B wave low would act as a technical confirmation of the downtrend resuming. This would be a green light to look for short setups, depending on the strategy each trader follows—whether that’s pattern-based, indicator-confirmed, or structure-driven. 🔁 Alternate Scenario: If this isn't the start of Wave (iii), the alternate count would suggest a more complex corrective combination (such as a double three). However, even in that scenario, the short-term direction is still likely downward. 🧠 For Beginners: Elliott Wave theory breaks price into 5-wave trends and 3-wave corrections. A ZigZag correction (ABC) is made up of a sharp Wave A, a pullback in Wave B, and a final move up in Wave C. Wave C often shows momentum divergence (MACD diverging from price), signaling that the move may be exhausting. When C = A, especially with divergence, it’s often a sign the correction is ending. 📌 Summary: USD/JPY’s rally appears to be a corrective ABC structure. Wave C rejected at the 100% extension of A, with MACD divergence confirming weakening momentum. A break of the B wave low could confirm that Wave (iii) down is underway. Even in the alternate count, near-term downside is still favored. 💬 Got a Favorite Chart You’d Like Analyzed? If there’s a forex pair, crypto, or stock you’d like me to break down using Elliott Waves, leave a comment below and I’ll feature it in an upcoming post from Real Wave Trader.
Short
by RealWaveTrader-
IPAK LONG TRADEIPAK LONG TRADE IPAK has been in downward channel since its inception in PSX. If it breaks and closes above 22.1, it will cause CHoCH to Bullish. Buying is at CP and Buying Zone as below. Targets have been calculated through measured move. 🚨 TECHNICAL BUY CALL –IPAK 🚨 🎯BUY1: Rs. CP(22.25) and 21.1-22.1 📈 TP1 : Rs. 24.1 📈 TP2 : Rs. 26.3 🛑 STOP LOSS: BELOW Rs. 20 (Daily Close) 📊 RISK-REWARD: 1:5 Caution: Please buy on levels in 3 parts. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions. PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
PSX:IPAKLong
by Mushtaque77
X1: GOLD/XAUUSD Long Trades Risking 1% to make 1.5%X1: #XAUUSD/#GOLD Long Trades GOLD/XAUUSD Long for day trade, with my back testing of this strategy, it hits multiple possible take profits, manage your position accordingly. Risking 1% to make 1.5% Note: Manage your risk yourself, its risky trade, see how much your can risk yourself on this trade. Use proper risk management Looks like good trade. Lets monitor. Use proper risk management. Disclaimer: only idea, not advice
OANDA:XAUUSDLong
by MuhammadTrades
1
Scale out before this POPSWhen the mainstream media was telling you that China was not investable, I was working hard on my TA and buying positions. I consider myself a contrarian investor, this is where the best opportunities present themselves. If you follow my trades here you will know I had called out the start of the new bull run in the Hong Kong exchange, or the dead-cat bounce spending on how you look at it, very early on. I took the basket approach on a handful of Chinese names. Namely Alibaba, BYD, Tencent, Baidu and Pop Mart. This worked out very well for me (except Baidu) but nothing better than Pop Mart, unfortunately the smallest position of the lot. So why a Chinese toy company? If you have children into the latest and hottest toys, I suggest you look into the parent company. This particular company had a beautiful chart as it had broken the end of the downtrend, along with a reclaim of the POC. What followed was a gargantuan 1000% rise. I have taken 50% off the table today as I see this as the final wave of the Wave 5 supercycle. I do think this still has legs and profits will continue to soar for the next quarter or two, but I’m not greedy, this has exceeded my expectations and then some. So I have started to scale out, this is the way. Not financial advice, do what’s best for you
HKEX:9992
by NoFOMO_
COOLING PCE – GOLD REBOUNDS ON EXPECTATIONS OF FED POLICY EASINGIf the upcoming PCE report shows that inflation continues to cool or comes in below expectations (e.g., core PCE under 0.2% m/m), this could reinforce market expectations that the Federal Reserve (Fed) may have room to begin cutting interest rates sooner—potentially as early as September instead of year-end. This would weaken the US dollar and push down Treasury yields, both of which typically support gold prices, as the opportunity cost of holding non-yielding assets like gold decreases. Short-term forecast: Gold may rebound to the $3,330 – $3,340/oz range. A breakout above the psychological resistance level of $3,345 could signal a medium-term uptrend. Trading volume is likely to rise as ETF funds begin accumulating positions again. Suggested strategy: Buy XAUUSD around the 3310 – 3313 area Stoploss: 3300 Take Profit 1: 3325 Take Profit 2: 3335 Take Profit 3: 3345
OANDA:XAUUSD
by Henrybillion
Nifty Might give 2 % Correction in Short TermWhy are we expecting Short Term Correction near 24200-24300 why? 30 August 2024 volume 638.13 million 25 November 2024 volume 687.13 million 28 May 2025 Volume 684.74 million No.1 In near term past whenever a red or Doji candle forming on daily chart volume traded above 680 million, we had seen around 2 -3 % fall. No.2 strong 50 EMA support No.3 Nifty want to fill gap No.4 Double Top Near 25000 level This analysis is based on daily Chart, it's just assumption pls trade on your own Risk
NSE:NIFTYShort
by rahul25
Gold awaits tariff volatility！ 📌 Driving Events Gold rebounded from a weekly low near $3,245 and broke through the $3,300 mark on Thursday, boosted by optimism following a weaker-than-expected U.S. jobs report and a U.S. court ruling halting President Trump's proposed tariffs. Gold fell on Friday as the dollar rose slightly, while investors await a U.S. inflation report that could provide further insights into the Fed's policy trajectory. 📊 Commentary Analysis The market continued to fall for an hour, fluctuating back and forth, lacking continuity - it rose yesterday and fell today. Gold rebounded above $3,320 in early trading before retreating. On the weekly and daily charts, the trend is still dominated by range fluctuations rather than unilateral gains or losses. I think shorting gold should be considered today, with support below at $3,280-3,270-3,260. However, prices may struggle to make new lows. As today is the monthly close, large fluctuations suggest that we should avoid chasing ups and downs. 💰Strategy plan XAUUSD Sell: 3330-3320-3310 tp: 3300-3290-3280
OANDA:XAUUSDLong
by Labaron
1
Gold Market Update – May 30 In my previous analysis dated May 29, I outlined the current market structure and shared expectations for a potential correction. Following recent price action, I have now updated our buy zone accordingly. As anticipated, I continue to expect a corrective move toward the 3,200–3,233 range. This zone aligns with the 0.50–0.618 Fibonacci retracement levels, making it a key area of interest. I will be closely monitoring price behavior within this range and looking for signs of rejection or bullish confirmation to initiate long positions. Further updates will follow as the setup develops.
OANDA:XAUUSD
by ThallsFX
DJIA — Setting Up for Breakout and New ImpulseThe Dow Jones Index is approaching a critical resistance zone. After a deep V-shaped recovery and clear bullish structure, price is preparing for a breakout. Chart shows a clean long entry with a stop below the recent consolidation. A break and hold above 45,000 could lead to a move toward 46,000, and if momentum holds — up to 49,300. Partial profit-taking levels: — Target 1: 45,225 — Target 2: 49,380 Fundamentally, US equity markets remain strong, and DJIA may play catch-up after lagging during the last correction.
OSE:DJIA1!Long
by InvestWorld_777