Hello TradingView Community!
Quick Elliott Wave update for Gold (XAU/USD), as of June 16, 2025.
Gold is currently in a Minor Wave (iv) consolidation within its larger Wave 5 uptrend. This period of sideways movement is healthy and expected to last from a few days to a month, building a base.
My primary view is that once this Wave (iv) completes, Gold will launch into its final bullish surge (Minor Wave (v) of Wave 5), targeting new all-time highs.
Long-Term: Be aware that after this "5th of 5th" completes, a prolonged, multi-month to multi-year correction or consolidation is highly probable, marking the end of the current major bull cycle.
Thoughts? Let me know below! Like & Follow if helpful.
#XAUUSD #Gold #ElliottWave #EW #Fibonacci #TechnicalAnalysis #Consolidation #Uptrend #PriceAction #ChartAnalysis #WaveAnalysis #MarketStructure #TrendAnalysis #Bullish #Correction #PriceForecast #LongTerm #ShortTerm #Trading #Investing #MarketUpdate #FX #Commodities
❗ Important Disclaimer: This analysis is based on Elliott Wave Principle and is my personal interpretation, not financial advice. Trading involves risk. Always do your own research.
Quick Elliott Wave update for Gold (XAU/USD), as of June 16, 2025.
Gold is currently in a Minor Wave (iv) consolidation within its larger Wave 5 uptrend. This period of sideways movement is healthy and expected to last from a few days to a month, building a base.
My primary view is that once this Wave (iv) completes, Gold will launch into its final bullish surge (Minor Wave (v) of Wave 5), targeting new all-time highs.
Long-Term: Be aware that after this "5th of 5th" completes, a prolonged, multi-month to multi-year correction or consolidation is highly probable, marking the end of the current major bull cycle.
Thoughts? Let me know below! Like & Follow if helpful.
#XAUUSD #Gold #ElliottWave #EW #Fibonacci #TechnicalAnalysis #Consolidation #Uptrend #PriceAction #ChartAnalysis #WaveAnalysis #MarketStructure #TrendAnalysis #Bullish #Correction #PriceForecast #LongTerm #ShortTerm #Trading #Investing #MarketUpdate #FX #Commodities
❗ Important Disclaimer: This analysis is based on Elliott Wave Principle and is my personal interpretation, not financial advice. Trading involves risk. Always do your own research.
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.