On the 15‑minute chart, GOLD (XAUUSD) continues to grind higher within the current impulse, with price now working through wave (5) of this sequence. Wave (4) has reacted cleanly from support, holding above the prior wave (1) high at 4419.837, which keeps the impulsive structure in GOLD (XAUUSD) intact and validates the immediate bullish bias.​​

Using the length of wave (1) as a guide, the main intraday targets for wave (5) in GOLD (XAUUSD) come in at the 1.000 and 1.236 extensions, sitting roughly in the 4,497–4,515 zone, while an extended move could stretch toward the 1.618 level near 4,539. As long as price stays above the wave (4) low and the rising trendline on GOLD (XAUUSD), dips on lower time frames are treated as opportunities to join wave (5), with caution warranted as those Fibonacci objectives are approached where profit‑taking and a larger corrective pullback are likely.​​

Wave iv flat correction above support

GBPUSD Elliott Wave analysis currently shows price consolidating in a wave iv flat correction within a broader bullish structure on the 4H chart. The pair is holding above the 0.382 Fib support at 1.32855, which aligns with the base channel support and keeps the medium‑term uptrend intact. As long as this zone continues to hold, the working assumption is that wave iv is still unfolding rather than a full trend reversal

GBPUSD Elliott Wave Analysis – Wave iv Flat on 4H

Intraday structure and bullish trigger

Intraday, the bias is neutral‑to‑bullish while wave iv completes, with attention on the internal structure of wave (c) of ((b)). The plan is to wait for internal wave (4) of ((c)) to form(around1.33430) and then look for a break back above that high as the trigger for renewed upside momentum. If that confirmation arrives, the next objective is a wave v advance targeting the 0.618–0.764 Fib zone between 1.35418 and 1.36354, where prior resistance and Fibonacci confluence may cap the move.

When the Elliott Wave count fails

If price were to lose the 1.32855 support and break cleanly below the base channel, it would warn that wave iv is evolving into a deeper correction or that the larger bullish count needs to be reassessed. Until then, GBPUSD Elliott Wave analysis continues to favour buying dips into support rather than chasing extended strength at the top of the range.

Gold Elliott Wave Analysis on the 15-minute chart shows wave 4 consolidation completing. Expecting pullback to key Fibonacci levels before continuation of the bearish move.

Target: Break below trend line confirms Gold Elliott Wave Analysis bearish continuation lower.

Key Levels:

XAUUSD (CFD – 15M):

• 0.618 Fib: 4320.61
• 0.5 Fib: 4311.35
• Support: 4,290.71

MGC Futures (15M):

• 0.618 Fib: 4,351.0
• 0.5 Fib: 4,340.0
• Support: 4,320.0

Pullback to Fib levels provides short entry. Trend line break confirms bearish continuation.

? #ElliottWave #Gold #Intraday #Bearish

MGC Futures (15M)

XAUUSD (CFD – 15M)

This EURUSD Elliott Wave analysis shows wave (D) of the correction is complete. We’re now expecting wave (E) to develop as the final leg of this corrective structure.

Key Level: A break below 1.17205 will confirm the EURUSD Elliott Wave analysis and signal wave (E) is underway.

Watching for completion of wave (E) before looking for long entries. ?

EURUSD Elliott Wave Analysis: 4HR Chart

Gold is at a critical technical juncture with two distinct Elliott Wave scenarios playing out:

Bearish: Wave 2 expanding flat finishing at 3,920.49 → Wave 3 down toward 3,600–3,750

Bullish: Wave 4 triangle (E) completing at 4,163.83 → Wave 5 up toward 4,350+

Bullish Scenario

Bullish Scenario

Gold is displaying a textbook contracting triangle on the 4H timeframe with Wave (E) of the correction approaching completion. The setup is now favoring a BULLISH Wave 5 thrust higher once the triangle fully resolves.

The Structure:

• (A) – Initial downleg
• (B) – Bounce/retracement
• (C) – Lower low into triangle
• (D) – Rally into Fibonacci resistance
• (E) – Final compression leg (currently developing)

Bullish Targets:

• Wave (E) completion target: 4,163.83 (0.382 Fib)
• Wave 5 upside target: 4,350–4,400+ (measured-move extension)
• First resistance: 4,231.63 (prior wave resistance)
• Key support (stop): 4,101.57 (0.618 Fib – triangle invalidation floor)

Confirmation signal: Close above 4,231 on 4H + MACD positive divergence

Bearish Scenario

Gold is showing a critical Elliott Wave structure on the 4H timeframe with the broader picture revealing a massive Wave 2 expanding flat correction that’s entering its final stages. Once this structure completes, expect sharp Wave 3 downside acceleration.

Wave 3 downside target: 3,600–3,500 zone (measured-move from Wave 1)

Current Structure

The triangle has formed with clearly defined upper and lower boundaries, with price currently oscillating within the band. The internal swings show diminishing amplitude, classic for a late-stage triangle where volatility is compressing before the next leg. This aligns with textbook Elliott Wave guidelines for wave (iv) or corrective consolidations that often precede wave (v) or impulsive advances.

Key Levels and Setup

The immediate target is the 4,231.791 area, which represents prior swing resistance and the upper edge of the triangle’s projected breakout zone. This level is where traders should watch for confirmation or rejection.

• Bullish confirmation: A clean break and hold above 4,231.791 with follow-through momentum would signal the start of wave (v) the next major impulsive leg higher, targeting the prior wave (iii) highs and upper channel.
• Bearish rejection: If price fails at 4,231.791 and reverses back into the triangle, the focus would shift lower toward prior support zones at 0.618 and 0.5 Fibonacci levels.

Elliott Wave Roadmap

• Triangle consolidation complete or nearly complete
• Watching 4,231.791 for breakout confirmation or rejection
• Above 4,231.791 = bullish wave (v) impulse likely underway
• Below prior low = corrective phase re-forms, downside targets activated

Monitor price action closely at this confluence zone; the next directional decision will become clear once price accepts or rejects 4,231.791.

Clear structure = clear decisions.