This GOLD (XAUUSD) analysis – Elliott Wave update looks at the developing corrective structure in wave b within the broader market context, using the 4‑hour chart to map the triangle and key support zones.

Current intraday structure

On the 4‑hour chart, GOLD (XAUUSD) shows wave ((C)) of b potentially taking the form of an expanding triangle in the orange degree, with price stretching slightly beyond prior swing extremes while still respecting the overall converging channel and Fibonacci projections. Within this Elliott Wave interpretation, wave ((C)) looks close to completion, with the latest push higher likely finishing the final sub‑wave of the pattern.

As an alternate GOLD (XAUUSD) analysis – Elliott Wave view, wave b can be counted as a W–X–Y double three in red, with the latest upswing forming the terminal leg of wave Y. This alternate remains valid while price holds below the upper resistance band and the internal subdivisions retain a corrective character rather than a clean 5‑wave impulse.​

Key levels and next area of interest

Under the preferred triangle scenario for GOLD (XAUUSD), the next downside objective is the 0.382–0.764 retracement zone of wave ((C)), highlighted as the potential wave ((D)) demand area on the chart. This box aligns with prior structure support and the lower boundary of the developing sliding correction, making it the primary “buy‑the‑dip” region if price can correct into it in a controlled three‑wave decline.

Invalidation for this GOLD (XAUUSD) analysis – Elliott Wave roadmap sits beneath the lower edge of the wave ((D)) zone; a decisive break there would suggest wave b has already topped in a more complex fashion, shifting focus back to deeper corrective possibilities before the higher‑degree advance resumes.

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 Elliott Wave Forecast – Updated Structure

Gold has now confirmed a clean breakout from the contracting triangle, completing the B wave of the ongoing corrective structure. This development reinforces the broader Gold Elliott Wave Analysis outlook, suggesting that price is preparing for a C-wave advance aimed toward the upper Fibonacci resistance zone.

The recent consolidation printed a well-defined triangle, a formation commonly seen in the position of a B wave. The breakout aligns with this behaviour and supports the continuation of the correction.

Technical Breakdown

• Triangle confirmed as Wave B: Recent consolidation pattern resolved cleanly as a B-wave triangle—a classic corrective feature.
• Breakout supports bullish bias: Price action confirms alignment with the larger Elliott Wave scenario.
• Subwave subdivisions: Internal structure remains in harmony with the working wave count.
• Corrective channel intact: Gold continues to respect boundaries of the projected corrective channel.
• Wave (2) development ongoing: Structural evidence supports that Wave (2) is still incomplete.

C-Wave Upside Targets

The expected next phase is a C-wave rally, aiming toward a high-probability Fibonacci confluence zone before the corrective pattern resolves:

This zone offers the most likely completion area for Wave (2) before resumption of the dominant trend.

Outlook & Expectations

• Momentum watch: A sustained breakout suggests the C wave may gather strength toward the Fibonacci target zone.
• Validation level: The bullish scenario holds as long as price remains above the B-wave triangle low.
• Bigger picture: When Wave (2) completes, expect the higher timeframe downtrend to resume according to the master wave count.

Alternate Count

This Gold Elliott Wave Analysis reviews the current 15-minute triangle structure, offering key insights on market direction for Nov 17, 2025.

Gold Elliott Wave Analysis – Chart Overview

Gold Elliott Wave Analysis on the XAUUSD 15-minute chart highlights a corrective structure after a sharp wave 3 decline. Current price action is trading inside a contracting triangle (ABCDE), suggesting an imminent breakout as wave 4 winds down. Key support held at the 1.618 extension around 4055.89, and upper triangle resistance and Fibonacci levels (0.236 and 0.382 retracements) are capping near 4075–4100.

• Current Structure: Triangle formation for wave 4 after an impulsive decline.
• Levels to Watch:
  • Resistance: 4075–4101 zone (0.236/0.382 retracements).
  • Support: 4055 (1.618 ext.) and triangle lower boundary.
• Outlook:
  • A clean triangle break could signal wave 5’s directional move.
  • Above 4100 opens the door for a higher retrace (potentially to 4161–4180), while a break below 4055 would warn of trend continuation lower.
• Bias: Short-term neutral within triangle, turning bullish or bearish on the breakout.