Gold (XAUUSD) – Lower TF Wave (B) Top in Place? Higher TF Conflu
⚠️ Price has now completed what appears to be a clean 5-wave advance into the key supply zone — potentially completing wave ((C)) of (B) on the lower timeframe.
• Wave ((ii)) = expanding flat
• Wave ((iv)) = expanding triangle
• Final ((v)) push into supply with RSI/MACD divergence
A breakdown below 3435 could confirm the reversal into wave (C). Downside fib targets align around 3400, 3350, and 3280.
A marginal high can’t be ruled out, but structure is now favouring bears short term.
• Wave ((ii)) = expanding flat
• Wave ((iv)) = expanding triangle
• Final ((v)) push into supply with RSI/MACD divergence
A breakdown below 3435 could confirm the reversal into wave (C). Downside fib targets align around 3400, 3350, and 3280.
A marginal high can’t be ruled out, but structure is now favouring bears short term.
Note
H4 Chart 🔍 Higher Timeframe Confluence (4H)
This entire move aligns with a larger W–X–Y correction, where wave (B) may now be complete.
We’re watching for confirmation of a wave (C) decline which may unfold impulsively or via a complex corrective structure (triangle or another W–X–Y).
Key levels to watch on HTF:
• 3280 – wave B support zone
• 3200 – channel support & fib alignment
Alternate structure (W–X–Y) could lead to further drop.
Trade active
Missed a label on previous chart Note
📉 Gold (XAUUSD) – 1H Profile Update• Blue = session highs/lows
• Green line = previous day’s equilibrium (EQ)
• Price rejected from local supply and tapped into imbalance
📌 We may wick back into EQ (≈3413.19) before resuming the bearish move
🔻 Still watching for daily close below 3380.13 to confirm downside continuation
Note
Gold (XAUUSD) – Wave 2 Complete? Wave (iii) Setup UnfoldingFollowing our earlier breakdown from the (B) wave high, price action unfolded into a clean 5-wave drop for wave (i), followed by a running flat correction that ended at 3403.23 for wave (ii).
We’re now monitoring the early stages of wave (iii) lower, with structure still aligning with the broader wave C decline toward downside targets.
🕵️ Eyes on 3382.78 for the next potential low.
⚠️ Invalidation above 3403.23.
Note
Gold – Flat Structure Unfolding?Price action suggests wave ii is forming a larger flat correction.
Wave C looks impulsive with micro i–ii–iii–iv–v forming toward the 3,416.74 zone.
🧭 Watching for exhaustion here — a clean rejection could mark the start of wave (iii) down.
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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.