📈 Elliott Wave Analysis – XAUUSD July 18, 2025
🔍 Momentum Analysis
D1 Timeframe: Momentum is showing signs of a bullish reversal. While we need to wait for today's D1 candle to close for confirmation, it's likely that yesterday’s upward move marks Wave 1, signaling the beginning of a new bullish trend.
H4 Timeframe: Momentum is preparing for a bearish reversal → suggesting a potential corrective pullback, likely forming Wave 2.
H1 Timeframe: Momentum is about to reverse upward → supporting the expectation of a short-term bullish move during the current session.
🌀 Elliott Wave Structure Update
On the H4 chart, the abcde triangle correction structure remains largely unchanged.
However, a strong H4 bullish candle appeared yesterday, indicating unusual market behavior that deserves attention.
There are two main scenarios:
- Wave 1 (black) has already completed, and the market is now entering Wave 2 correction.
- Alternatively, the current movement could be Wave 4 within Wave 1 (black).
🔎 Combining Momentum & Wave Structure
- With D1 momentum signaling a potential uptrend lasting the next 4–5 days, it suggests that Wave e (blue) may have completed.
- This opens the door for an impulsive 5-wave advance. Specifically:
+ If H1 continues its bullish reversal, the current move could be Wave 5 of Wave 1 (black), targeting the 3358 level.
+ Afterwards, a retracement toward the 3330–3323 zone would form Wave 2 (black).
+ Alternatively, price might drop directly to 3330–3323, implying Wave 1 has already finished and the current move is Wave 2.
🎯 => Both scenarios converge at the 3330–3323 price zone, making it a high-probability BUY ZONE.
🧭 Trade Plan
BUY ZONE: 3330 – 3327
Stop Loss: 3320
Take Profits:
TP1: 3342
TP2: 3358
TP3: 3402
📌 Note: Since this is a relatively wide entry zone, it's best to wait for price action confirmation at this level before entering.
🔍 Momentum Analysis
D1 Timeframe: Momentum is showing signs of a bullish reversal. While we need to wait for today's D1 candle to close for confirmation, it's likely that yesterday’s upward move marks Wave 1, signaling the beginning of a new bullish trend.
H4 Timeframe: Momentum is preparing for a bearish reversal → suggesting a potential corrective pullback, likely forming Wave 2.
H1 Timeframe: Momentum is about to reverse upward → supporting the expectation of a short-term bullish move during the current session.
🌀 Elliott Wave Structure Update
On the H4 chart, the abcde triangle correction structure remains largely unchanged.
However, a strong H4 bullish candle appeared yesterday, indicating unusual market behavior that deserves attention.
There are two main scenarios:
- Wave 1 (black) has already completed, and the market is now entering Wave 2 correction.
- Alternatively, the current movement could be Wave 4 within Wave 1 (black).
🔎 Combining Momentum & Wave Structure
- With D1 momentum signaling a potential uptrend lasting the next 4–5 days, it suggests that Wave e (blue) may have completed.
- This opens the door for an impulsive 5-wave advance. Specifically:
+ If H1 continues its bullish reversal, the current move could be Wave 5 of Wave 1 (black), targeting the 3358 level.
+ Afterwards, a retracement toward the 3330–3323 zone would form Wave 2 (black).
+ Alternatively, price might drop directly to 3330–3323, implying Wave 1 has already finished and the current move is Wave 2.
🎯 => Both scenarios converge at the 3330–3323 price zone, making it a high-probability BUY ZONE.
🧭 Trade Plan
BUY ZONE: 3330 – 3327
Stop Loss: 3320
Take Profits:
TP1: 3342
TP2: 3358
TP3: 3402
📌 Note: Since this is a relatively wide entry zone, it's best to wait for price action confirmation at this level before entering.
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Related publications
Disclaimer
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👉 Join the channel to receive more scalping signals!
Channel Telegram: t.me/+XkFQ95yHVOEwNDc1
Channel Telegram: t.me/+XkFQ95yHVOEwNDc1
Related publications
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.