🌟 XAUUSD (GOLD/USD) ANALYSIS: ELLIOTT WAVE + BULLISH AO DIVERGENCE 🌟
🌊 ELLIOTT WAVE STRUCTURE
• 🐻 Wave (1): Sharp decline from 3,440.00 → 3,400.00
• ⚖️ Wave (2): Shallow retracement to 3,440.00 (classic Wave 2 correction)
• 📉 Wave (3): Extended drop to 3,350.00 (strongest bearish wave)
• ➰ Wave (4): Sideways consolidation near 3,400.00 (Fibonacci-aligned)
• 🎯 Wave (5): Final leg down to 3,184.58 (completes 5-wave impulse)
🔄 CURRENT PHASE: Potential ABC correction forming between 3,184.58 and 3,140.00, signaling reversal!
⸻
📈 BULLISH AO DIVERGENCE
• 🔽 Price Action: Wave 5 made a LOWER LOW (3,184.58 vs. Wave 3’s 3,350.00)
• 📊 AO Momentum: Awesome Oscillator formed a HIGHER LOW (-60.00 vs. -100.00)
• 💡 Interpretation: Bearish exhaustion → Reversal ahead!
⸻
🎯 KEY LEVELS & STRATEGY
• 🛡️ Support: 3,140.00 - 3,112.50 (must hold for bulls)
• 🚀 Resistance: 3,200.00 (psych level) → 3,230.00 - 3,270.00
• ✅ Entry Trigger: Close above 3,200.00 🚨 or bullish candlestick (e.g., hammer 🕯️)
• 🎯 Targets: 3,270.00 (initial) → 3,350.00 (secondary)
• ⚠️ Stop Loss: Below 3,112.50 (risk management!)
⸻
📜 CONCLUSION
• 🐂 Bullish Case: 5-wave completion + AO divergence → Reversal likely above 3,200.00
• 🚫 Invalidation: Drop below 3,112.50 kills the setup
⸻
💬 CTA: “LIKE if you spot the divergence! 🚀 Share your thoughts below ⬇️”
⚠️ DISCLAIMER: Not financial advice. Trade responsibly.
⸻
🏷️ TAGS: #XAUUSD #GOLD #ELLIOTTWAVE #AO #DIVERGENCE
🌊 ELLIOTT WAVE STRUCTURE
• 🐻 Wave (1): Sharp decline from 3,440.00 → 3,400.00
• ⚖️ Wave (2): Shallow retracement to 3,440.00 (classic Wave 2 correction)
• 📉 Wave (3): Extended drop to 3,350.00 (strongest bearish wave)
• ➰ Wave (4): Sideways consolidation near 3,400.00 (Fibonacci-aligned)
• 🎯 Wave (5): Final leg down to 3,184.58 (completes 5-wave impulse)
🔄 CURRENT PHASE: Potential ABC correction forming between 3,184.58 and 3,140.00, signaling reversal!
⸻
📈 BULLISH AO DIVERGENCE
• 🔽 Price Action: Wave 5 made a LOWER LOW (3,184.58 vs. Wave 3’s 3,350.00)
• 📊 AO Momentum: Awesome Oscillator formed a HIGHER LOW (-60.00 vs. -100.00)
• 💡 Interpretation: Bearish exhaustion → Reversal ahead!
⸻
🎯 KEY LEVELS & STRATEGY
• 🛡️ Support: 3,140.00 - 3,112.50 (must hold for bulls)
• 🚀 Resistance: 3,200.00 (psych level) → 3,230.00 - 3,270.00
• ✅ Entry Trigger: Close above 3,200.00 🚨 or bullish candlestick (e.g., hammer 🕯️)
• 🎯 Targets: 3,270.00 (initial) → 3,350.00 (secondary)
• ⚠️ Stop Loss: Below 3,112.50 (risk management!)
⸻
📜 CONCLUSION
• 🐂 Bullish Case: 5-wave completion + AO divergence → Reversal likely above 3,200.00
• 🚫 Invalidation: Drop below 3,112.50 kills the setup
⸻
💬 CTA: “LIKE if you spot the divergence! 🚀 Share your thoughts below ⬇️”
⚠️ DISCLAIMER: Not financial advice. Trade responsibly.
⸻
🏷️ TAGS: #XAUUSD #GOLD #ELLIOTTWAVE #AO #DIVERGENCE
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.