XAUUSD Weekly OutlookGold is trading within a key reaction zone, with near-term resistance seen around 4578–4583 and higher resistance near 4595, 4607, and 4640. If buyers maintain momentum above the current structure, price may continue pushing toward these upper resistance levels in the coming sessions.
On the downside, if price fails to hold above the 4536–4513 region, a corrective move toward 4501, 4478, 4436, and possibly 4401–4379 could develop before any stronger bullish continuation.
For now, the market appears to be moving between major support and resistance zones, so reactions around these levels will be important for confirming direction during the week.
This is a personal technical view based on price action and key levels, not financial advice. 
Short
Silver Ready for Big fallWhy Silver Looks Bearish
Several technical factors are now aligning toward a bearish outlook:
1. Completion of Corrective Structure
The triangle consolidation appears mature, with all five internal legs potentially completed.
2. Weak Recovery Momentum
Despite multiple attempts, Silver has failed to reclaim higher resistance levels, showing lack of strong buying participation.
3. Lower High Formation
The structure continues to print lower highs after the major top, indicating seller dominance.
4. Breakdown Projection
The projected path on the chart suggests a strong impulsive “Wave C” decline once the lower support boundary breaks.
5. NeoWave Characteristics
The internal overlaps, slowing momentum, and contracting price behavior are classic characteristics of a terminal corrective structure before a directional expansion move.
Expected Market Move
The preferred scenario suggests:
Final completion of wave “e”
Breakdown below triangle support
Strong impulsive downside move
Acceleration toward lower support zones
The projected Wave C decline could be sharp and fast, as triangles are often followed by explosive directional moves.
Key Levels to Watch
Resistance Zone
276,000 – 280,000
Breakdown Trigger
Sustained move below triangle support near 268,000–270,000
Bearish Targets
250,000
240,000
230,000 zone (projected Wave C region) 
Long
Short 
XAUUSD: Wave 4 halts at Sell ZoneGold is trading directly under the 4,560–4,572 sell zone after a strong medium-term decline from the previous high. From Kelly’s view, the current rebound still looks more like a corrective wave 4 than the beginning of a clean bullish reversal.
The important point is simple: price has recovered, but it is still reacting below resistance.
⟡ Market structure
The broader structure remains defensive. Gold has been forming lower highs since the major rejection near the upper range, while each recovery attempt continues to lose strength near resistance.
The current zone around 4,560–4,572 is important because it sits right where the latest rebound is struggling. If buyers fail to reclaim this area with strength, the market may rotate lower again and continue the larger bearish sequence.
➤ Key levels
◌ 4,560–4,572: sell zone and current resistance
◌ 4,367: first downside support
◌ 4,099: strong support and next major reaction zone
◌ 3,450–3,500: Fibonacci 1.618 extension and deeper long-term target zone
◌ Above 4,600: area where the bearish wave count starts to weaken
⌁ Elliott Wave view
From an Elliott Wave perspective, gold appears to be trading inside a larger bearish sequence after completing the previous upside cycle.
The current rebound fits better as wave 4 because price is rising into resistance but has not created a strong structural breakout. If wave 4 is close to completion, the next major move could be wave 5 lower.
That would make 4,367 the first area to watch. If this level breaks, the structure may open the path towards 4,099. A stronger downside continuation could later bring attention back to the Fibonacci 1.618 zone around 3,450–3,500.
▸ Trading scenario
Preferred scenario: wait for rejection from the 4,560–4,572 sell zone.
Entry zone: 4,560–4,572 if bearish confirmation appears
Stop loss: above 4,600
Take profit 1: 4,367
Take profit 2: 4,099
Take profit 3: 3,450–3,500
If gold breaks above 4,600 and holds there, the bearish wave 4 scenario would lose quality and the structure may need to be reassessed.
⌁ Kelly’s view
For Kelly, this is not a clean bullish continuation chart yet. The rebound is visible, but it is happening directly under a key sell zone.
As long as gold remains capped below 4,560–4,572, the preferred view is that wave 4 may be ending and wave 5 lower could still develop.
The rebound is real, but resistance is still in control.
Share your view below. Short 
Long
Long
Short
XAUUSD: ABC Structure Indicates Buy-Zone RetestGold is moving inside a medium-term ABC structure, and the latest reaction shows price rejecting slightly from the upper resistance area around 4,730–4,770. From Kelly’s view, this rejection does not fully cancel the recovery outlook. Instead, it suggests the market may need one more corrective pullback before attempting the next upside leg.
⟡ Market structure
The broader chart is still moving inside a rising channel, with price reacting from the lower support area near 4,366 before pushing back higher. The recovery has reached the resistance zone near 4,738–4,773, where sellers have started to appear.
This makes the current move more likely to develop as a corrective retest towards the buy zone before continuation.
➤ Key levels
◌ 4,738–4,773: strong resistance and target area
◌ 4,638: mid-range support
◌ 4,458–4,470: buy zone retest
◌ 4,366: major support and invalidation area
⌁ Elliott Wave view
From an Elliott Wave perspective, gold appears to be developing a medium-term ABC recovery structure. The current rejection may be part of a short corrective phase before wave C attempts to extend higher.
As long as price holds above the lower support structure, the broader recovery path remains valid. A clean reaction from the buy zone would strengthen the case for another move towards the upper target area.
▸ Trading scenario
Preferred scenario: wait for price to correct into the 4,458–4,470 buy zone and watch for bullish confirmation.
Entry zone: 4,458–4,470
Stop loss: below 4,366
Take profit 1: 4,638
Take profit 2: 4,738
Take profit 3: 4,773
If price breaks below 4,366, the bullish ABC recovery structure would weaken and the market may need a new interpretation.
⌁ Kelly’s view
For Kelly, this is not a chase-the-top structure. Gold has already rejected from resistance, so the cleaner idea is to wait for a pullback into the buy zone and observe whether buyers step back in.
The recovery is still alive.
But the best structure may come after a controlled retest, not after chasing resistance.
Share your view below. Long 
#LTM
Structure:
- Massive downtrend from ₹6,344 → ₹3,855 (40% fall!)
- Multiple pink/orange horizontal bands = institutional supply zones (4,690 / 4,758 / 5,045 / 5,197 / 5,395)
- Today's bounce to 4,061 is within a consolidation (3,985 → 4,279 range)
- PSAR above price = bearish
- EMA still falling
Assessment:
- Daily CCI -66 = Negative (not even neutral)
- Weekly CCI -98.51 = On the verge of -100 (bearish confirmation)
- Monthly CCI -156 = Sentiment Changer BEARISH (<-175 territory approaching)
- Massive overhead supply — 5+ resistance bands between current price and previous highs
- Structure is overlapping (sideways chop between 3,947-4,279)
Verdict: STRONG AVOID. Monthly CCI -156 = macro trend deeply bearish. Weekly about to confirm below -100. Today's bounce is a relief
rally within a bear trend. #THANGAMAYL
- Structure: Bottom at ₹3,057 (Mar) → rally to 4,373 → pullback to 3,754 → now bouncing back
- Monthly CCI 199 = Sentiment Changer — macro trend very strong
- Weekly CCI 109 = Positional confirmed
- Daily CCI 64 = Still recovering, not yet at full strength
- Approaching resistance at ₹4,299.50 / ₹4,373 (previous highs)
Verdict: POSITIONAL VALID. Entry: current or on dip to ₹4,010-4,094 zone. H-SL: ₹3,754 (recent swing low). Target: ₹4,373 (breakout leve
breakout sustains. Wait for Daily CCI > 100 for full confirmation.
