XAUUSD — Bullish Wave 5 Toward 4,150
From Kelly’s view, gold is rebuilding a bullish structure after the strong recovery from the 3,865–3,900 area. Price is currently trading around 4,026, and the latest rebound suggests buyers are attempting to establish a new impulsive sequence above the recent liquidity base.
The key idea is simple: if gold continues to defend the 3,960–3,970 buy zone, the bullish structure may extend toward 4,050–4,060, 4,083, and eventually the larger 4,145–4,155 Wave (5) target zone.
⟡ Market structure
Go 
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XAUUSD — Wave 5 Toward 4,260
From Kelly’s view, gold is building a strong bullish recovery after reversing from the 3,890–3,900 area. Price is currently trading around 4,128, and the latest impulsive move has already pushed into the first major resistance near 4,146.
The key idea is simple: the bullish structure may remain valid while gold holds above the 4,050–4,060 buy zone. A controlled Wave (4) pullback could create the base for the next Wave (5) expansion toward 4,177, 4,198, and eventually the 4,250–4,260 target zon Long 
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XAUUSD — Bearish Continuation Toward 3,725
From Kelly’s view, gold remains inside a clear bearish structure and continues to respect the broader descending channel. Price is currently trading around 3,911, below the key resistance zones, while the recent rebound has failed to change the sequence of lower highs.
The key idea is simple: as long as gold stays below the 3,930–3,945 FVG sell zone, the bearish structure may continue toward 3,892, 3,855–3,865, and eventually the larger 3,715–3,730 target area.
⟡ Market structure
Gold contin Short 
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Education
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XAUUSD — Wave 5 Lower Toward 3,900
From Kelly’s view, gold remains inside a clear bearish structure and continues to respect the descending channel. Price is currently trading around 4,035 after rejecting from the 4,055–4,065 resistance area, where the projected Wave (4) and FVG sell zone overlap.
The key idea is simple: as long as gold remains below the 4,050–4,065 sell zone, the broader structure may favor another bearish leg toward 3,989, 3,976, and eventually the 3,895–3,905 Wave (5) target area.
⟡ Market structure
Gold c Short 
XAUUSD — Wave 5 Lower Toward 3,900
From Kelly’s view, gold remains inside a clear bearish structure after losing the 3,975–3,985 support area. Price is currently trading around 3,971, while the sequence of lower highs and lower lows continues to favor sellers.
The key idea is simple: the current decline may still be developing through Wave (3). A corrective Wave (4) could later retest resistance, but while gold remains below the 4,003–4,012 liquidity sell zone, the main scenario favors continuation toward 3,945–3,952 and eventu Short 
Reliance: 4 Weeks Defending 1,155, Wedge Breakout Next?Overview
Reliance closed the week at 1,164.9, down 25.1 points or 2.11%. It has given back about 90% of its rally from the 2025 low (1,114.9) to the January high (1,611.8), and is trading below the 0.786 Fib level (1,221.2). The more interesting part is where it has stopped. Price is sitting on the 1,155.6 support, inside a falling wedge that has been forming since January, and buyers have defended that zone for four weeks in a row.
Follow-up on Our Earlier Reliance Ideas
In our September ide 
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NIFTY Weekly View: 200 EMA Holds Again, 23,140 Ceiling NextOverview
Nifty closed the week at 23,053.10, up 453.10 points or 2.00%. The week started with a dip to 22,387.35, right at the Weekly 200 EMA (22,391.85), and buyers stepped in from there. Price pushed up to a high of 23,118.10 and held most of the gain into the close. That makes the fifth straight week the 22,182-22,391 zone has been defended.
Follow-up on Last Week’s View
Last week we flagged a move above 22,600 opening a path toward 22,735, 22,850, 23,000 and 23,140. Targets 1, 2 and 3 wer NIFTY Weekly View: Weekly 200 EMA Defended for the 4th WeekOverview
Nifty closed the week at 22,600.00, down 546.15 points or 2.36%. After last week’s strong 2.78% rally, buyers gave back most of the gain. The week’s low of 22,372.00 dipped slightly below the Weekly 200 EMA (22,386.71), but the week ended above it. That makes this the fourth straight week the 22,182-22,386 zone has been defended.
Follow-up on Last Week’s View
Last week we flagged a bullish bias on trade above 23,150, targeting 23,282 and 23,489. That trigger was only briefly tagged. Long 
XAUUSD — Bearish Wave 5 Toward 3,900
From Kelly’s view, gold remains inside a clear bearish structure, with price continuing to respect the descending channel and form lower highs. Price is currently trading around 4,001, below the key corrective resistance zone.
The key idea is simple: the current rebound may represent a completed or nearly completed Wave (4). If sellers continue to defend the 4,015–4,025 sell zone, gold could resume Wave (5) toward 3,975, followed by the larger 3,895–3,905 target area.
⟡ Market structure
Gold Short 
XAUUSD — Bullish Recovery Toward 4,090
From Kelly’s view, gold is trying to build a bullish recovery after holding above the 3,976 strong support. Price is currently trading around 4,008, while the short-term structure is beginning to form higher lows from the recent selloff.
The key idea is simple: if buyers continue to defend the 3,990–4,000 liquidity zone, gold may recover toward 4,020, 4,034, and then challenge the stronger resistance areas around 4,060 and 4,085–4,092.
⟡ Market structure
Gold has completed a strong bearish i Long 
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XAUUSD — Bearish Wave 5 Toward 3,930
From Kelly’s view, gold remains inside a clear bearish structure after extending lower from the 4,140 area. Price is currently trading around 4,017, while the broader sequence continues to show lower highs and lower lows.
The key idea is simple: the current rebound may still develop into a corrective Wave (4), but as long as gold remains below the 4,060–4,070 sell zone, the main structure favors another bearish leg toward 3,978 and eventually the 3,925–3,935 Wave (5) completion zone.
⟡ Market Short 
