Hi Traders,
The recent price action of XAUUSD has been a bit complex, but I hope this idea turns out to be profitable for everyone.
Feel free to share your thoughts if you see anything differently.
What I find most interesting is the entry zone around 3247–3245. If we take the wave count starting from May 15, 2025 (3120.76) and consider wave 5 to be completed on June 15, 2025 (3451.52), then wave 2 should ideally retrace to around 3247.
On top of that, wave C of wave 2 seems to follow a clean 1–2–3–4–5 structure. If we treat the current move as a downtrend, wave 5 would likely complete right at 3247, which I find both accurate and technically compelling.
I'll be watching 3247 closely and plan to go long from there.
The recent price action of XAUUSD has been a bit complex, but I hope this idea turns out to be profitable for everyone.
Feel free to share your thoughts if you see anything differently.
What I find most interesting is the entry zone around 3247–3245. If we take the wave count starting from May 15, 2025 (3120.76) and consider wave 5 to be completed on June 15, 2025 (3451.52), then wave 2 should ideally retrace to around 3247.
On top of that, wave C of wave 2 seems to follow a clean 1–2–3–4–5 structure. If we treat the current move as a downtrend, wave 5 would likely complete right at 3247, which I find both accurate and technically compelling.
I'll be watching 3247 closely and plan to go long from there.
Trade active
I’ll share the updated version of the signal shortly.
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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.