elliottwavemonitor

[elliottwavemonitor]

Gold – 4H Elliott Wave Analysis

[elliottwavemonitor]

GOLD on the 4-hour chart is advancing within wave (iii) of ③, with price nearing a minor top at sub-wave (iii).

▪️A short corrective wave (iv) is expected before the final push higher in wave (v).

▪️The bullish scenario remains valid as long as the wave (ii) low holds.

[elliottwavemonitor]

GOLD is in the heart of a strong bullish wave!

[elliottwavemonitor]

USDJPY Preparing to Complete Wave 4 Triangle

▪️From an Elliott Wave perspective, USDJPY appears to have completed most of its wave 4 triangle structure, with price currently unfolding the final wave e.

▪️The completion of this triangle is expected to provide a solid base for the upcoming impulsive wave 5, targeting levels above 150.919 toward 152–153.

[elliottwavemonitor]

Expected Bullish Momentum

[elliottwavemonitor]

Crude oil is on the verge of a price explosion… Are you ready to ride?

[elliottwavemonitor]

Is the market preparing for its biggest drop since

[elliottwavemonitor]

GOLD Completes Wave 4 & Gears Up for the Major Wave 5.

Is This the Start of the Big Rally?

[elliottwavemonitor]

The 4-hour GOLD chart shows we're in a minor wave (2) correction within a developing intermediate wave ③, which itself follows the completion of primary wave ② on the daily timeframe.

▪️This corrective move unfolded as a complex WXY pattern and completed near the 78.6% Fibonacci retracement of minor wave (1).

▫️The primary scenario now anticipates the start of minor wave (3) to the upside, continuing the larger impulsive structure of intermediate wave ③.

▪️The invalidation level is set at 3246.56.

▫️As long as price holds above this level, a bullish breakout targeting 3440 and beyond remains likely.

[elliottwavemonitor]

The 4-hour GOLD chart shows we're in a minor wave (2) correction within a developing intermediate wave ③, which itself follows the completion of primary wave ② on the daily timeframe.

▪️This corrective move unfolded as a complex WXY pattern and completed near the 78.6% Fibonacci retracement of minor wave (1).

▫️The primary scenario now anticipates the start of minor wave (3) to the upside, continuing the larger impulsive structure of intermediate wave ③.

▪️The invalidation level is set at 3246.56.

▫️As long as price holds above this level, a bullish breakout targeting 3440 and beyond remains likely.

[elliottwavemonitor]

The 4-hour GOLD chart shows we're in a minor wave (2) correction within a developing intermediate wave ③, which itself follows the completion of primary wave ② on the daily timeframe.

▪️This corrective move unfolded as a complex WXY pattern and completed near the 78.6% Fibonacci retracement of minor wave (1).

▫️The primary scenario now anticipates the start of minor wave (3) to the upside, continuing the larger impulsive structure of intermediate wave ③.

▪️The invalidation level is set at 3246.56.

▫️As long as price holds above this level, a bullish breakout targeting 3440 and beyond remains likely.

[elliottwavemonitor]

On June 29, 2025, we published a professional analysis of XAU/USD, forecasting a bullish reversal from the 61.8% Fibonacci level.

▪️That prediction played out perfectly as price bounced exactly as expected.

▫️Today, July 7, we’re back with an updated outlook confirming that wave (2) has likely bottomed at 3246.56.

▪️All signs now point to the beginning of a powerful wave (3) rally targeting the 161.8% Fibonacci extension near 3700.

▫️The bullish wave structure remains intact, with strong support holding.

▪️Any downside remains a buying opportunity within a well structured Elliott Wave scenario.

[elliottwavemonitor]

EUR/USD Poised for Lift-Off: Is Wave ⑤ Now Underway?

▪️Elliott Wave analysis on the daily chart of EUR/USD shows that corrective wave (iv) has likely completed at the 38.2% retracement of wave (iii), suggesting the beginning of a bullish wave (v) targeting the 1.17 level and beyond.

▫️On the 4-hour chart, the completion of a WXY corrective structure (wave iv in green) is evident, followed by a clear impulse wave (i) and a potential shallow pullback in wave (ii), which appears near completion.

▪️The expected scenario favors the start of a new impulsive rally, supported by clean wave structure and Fibonacci symmetry.

▫️As long as 1.1065 holds, the bullish outlook remains valid, with a breakout above 1.1380 strengthening the case for a move toward 1.17+.

[elliottwavemonitor]

The 4-hour chart of #GOLD shows the completion of an upward wave that ended with an Ending Diagonal pattern at 2956.33, followed by a corrective ABC decline.

Wave A dropped to 2832.68, followed by a minor recovery in wave B, while wave C is targeting the 38.2% Fibonacci retracement near the (iv) level before a potential bullish continuation.

Any further decline could provide a buying opportunity around these support areas.