Wave B Has Rebounded 15% – Final Bottom or a Trap Before Wave C?
After a strong rally in yesterday’s Asian session, gold moved into consolidation during the European and US sessions, with a failed breakout late in the US session. In today’s Asian session, price broke above the 4,882–4,960 range, confirming it as a new buy-side base.
Gold has rebounded ~15% from the 4,404 area, driven by dip-buying demand and rising US–Iran geopolitical tensions, which remain a key catalyst alongside this week’s economic data.
From an Elliott Wave perspective, 4,400 marks the Wave A bottom. The market is now in a Wave B corrective rebound, with potential upside toward 5,140 – 5,200 – 5,220. Once Wave B completes, Wave C may follow, where signs of weakness and distribution will be watched to identify new swing-buy zones after the correction.
Support: 4,990–4,950 | 4,880–4,890 | 4,780–4,750 | 4,650–4,624
Resistance: 5,140 | 5,200 | 5,220
Note: Volatility remains elevated. Trade cautiously with strict risk and capital management.
After a strong rally in yesterday’s Asian session, gold moved into consolidation during the European and US sessions, with a failed breakout late in the US session. In today’s Asian session, price broke above the 4,882–4,960 range, confirming it as a new buy-side base.
Gold has rebounded ~15% from the 4,404 area, driven by dip-buying demand and rising US–Iran geopolitical tensions, which remain a key catalyst alongside this week’s economic data.
From an Elliott Wave perspective, 4,400 marks the Wave A bottom. The market is now in a Wave B corrective rebound, with potential upside toward 5,140 – 5,200 – 5,220. Once Wave B completes, Wave C may follow, where signs of weakness and distribution will be watched to identify new swing-buy zones after the correction.
Support: 4,990–4,950 | 4,880–4,890 | 4,780–4,750 | 4,650–4,624
Resistance: 5,140 | 5,200 | 5,220
Note: Volatility remains elevated. Trade cautiously with strict risk and capital management.
📊 XAUUSD & Forex Trading📈 Intraday setups – risk-managed⏱️ Live alerts + technical reasoning🧠 Consistency over hype📌 Trade the plan. Manage the risk.👉 Full signals & real-time insights
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
📊 XAUUSD & Forex Trading📈 Intraday setups – risk-managed⏱️ Live alerts + technical reasoning🧠 Consistency over hype📌 Trade the plan. Manage the risk.👉 Full signals & real-time insights
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.