Gold: Structure DecidesGold | Elliott Wave Daily Update
Two primary Elliott Wave scenarios are currently on the table for Gold. However, the key point is that both scenarios are following a similar path at this stage: the market is developing either a corrective or impulsive structure, and further confirmation is still required.
In the bearish scenario, the current movement may be part of a Zigzag structure, where Wave B is correcting a Leading Diagonal in Wave A. After Wave B is completed, another decline may develop as Wave C, potentially completing the larger degree Wave IV.
On the other hand, in the bullish scenario, if the current structure after Wave B shows more strength, reaches at least equality with Wave A or extends beyond it, and then expands from a three-wave structure into a five-wave impulsive pattern, the probability increases that the previous Leading Diagonal was actually part of a Triple Zigzag, meaning Wave IV may have already been completed.
At the moment, a minimum three-wave structure remains the more likely short-term interpretation. The current decline may represent the first leg of a corrective pattern, which could continue after a short-term recovery. However, if the market develops a new impulsive structure, it could signal the beginning of a larger bullish move.
In Elliott Wave Principle, the structure decides — not our predictions.
Mr. Nobody | Elliott Wave Principle
Structure first. Prediction second.
Gold Spot / U.S. Dollar
Aug 24
Gold: IV or New Impulse?
Gold Spot / U.S. Dollar
2 hours ago
Gold | The Structure Will Decide
Gold | The Structure Will Decide# **Gold | 4H Structure Update**
### ⏱️ **Reading Time: About 3 Minutes**
In our previous analysis, we focused on identifying the structure the market is actually revealing, rather than trying to force a predetermined path. After the recent move, two main structural scenarios remain under consideration.
## 🟦 Scenario 1 | Bullish Case
This is our aggressive structural scenario.
The previous decline may have been a **Leading Diagonal**, or alternatively, part of a **Triple Zigzag** that ultimately completed **Wave IV**.
If Wave IV has indeed ended, the recent five-wave advance becomes highly significant. This move could be **Wave 1 of a new impulsive structure**, or **Wave A of a larger corrective pattern**.
The market has now entered a pullback, and this is where the **type and depth of the correction become critical**.
The correction could develop further before the market produces another advance. At that point, the relationship between the new move and the initial five-wave structure should provide important clues about the larger pattern.
Will the next advance develop with the character of a **third wave**?
Or will the market begin forming **nested 1–2 structures**?
For now, the answer lies within the correction itself.
**The structure has to prove itself.**
---
## ⚫ Scenario 2 | Bearish Case
This more conservative scenario looks at the structure from a higher degree and becomes increasingly important if the bullish case weakens or is invalidated.
Under this interpretation, the previous decline could still be **Wave A of a Leading Diagonal**, while the current advance is developing as **Wave B**.
The key question is:
**Will the recent advance continue to extend, or has an important portion of Wave B already been completed with the end of a sharp corrective structure?**
If the current pullback develops as a three-wave structure, its relationship with the recent five-wave advance will become particularly important.
In that case, the market may still need another advance to complete the **larger Wave B**. After that, a **Wave C decline** could complete the next larger corrective structure.
---
## **Conclusion**
For now, the **bullish case** remains our active and aggressive scenario. However, the current correction needs to clarify the role of the recent five-wave advance.
The **bearish case**, on the other hand, views the market from a higher structural degree and becomes more relevant if the bullish structure changes or is invalidated.
At this stage, the market has not given us a definitive answer.
**The current correction, the next move, and its relationship with the recent five-wave advance will reveal an important part of the puzzle.**
We don't force a path onto the market.
**The structure reveals itself, and we follow it.**
**Price is the outcome. Structure is the cause.**
**Patterns whisper. I listen.**
**— Mr. Nobody**
Gold Spot / U.S. Dollar
May 17
Gold 4H: Leading Diagonal or Just the Beginning?
Aug 7
Gold | Tracking Wave IV Before the Next Major Move
Aug 24
Gold: IV or New Impulse?
Short
XAU/USD 01 September 2026 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Bias and analysis to remain the same as analysis dated 30 June 2026.
Price did not print bullish CHoCH to indicate bullish pullback phase initiation. Price instead printed a new low followed by a bullish CHoCH
Price is currently trading within and established internal range, however, I will continue to monitor price with respect to depth of pullback.
Intraday expectation:
Price to trade up to either premium of internal 50% EQ, or H4 demand zone before targeting weak internal low, currently priced at 3,942.100.
Note:
Gold remains volatile as tensions between the US, Israel, and Iran keep safe‑haven demand elevated.
Markets are reacting quickly to every headline, while uncertainty around the Fed’s easing path and shifting U.S. policy under President Trump, especially tariffs continues to fuel choppy price action.
For newer traders, the key is simple, stay flexible and manage risk carefully, as fast spikes and sudden reversals are a normal part of the current XAU/USD environment.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Bias and analysis to remain the same as analysis dated 25 August 2026.
Price has continued bullish, printing bearish CHoCH's, and containing higher with very minimal pullbacks. I will therefore apply discretion and not classify them as such.
Price has since printed a further bearish CHoCH. I shall however continue to monitor this with respect to depth of pullback.
Price is currently trading within an established internal range.
Intraday expectation:
Price to trade down to either discount of internal 50% EQ, or M15 supply zone before targeting weak internal high, currently priced at 4,697.105.
Alternative scenario:
You will note price has reacted at an H4 supply zone, therefore, it would be entirety feasible if price was to target strong internal low and print a bearish iBOS, given the internal structure of H4 is bearish.
Note:
Gold remains highly reactive on M15 as geopolitical risk continues to drive quick, headline‑led moves.
The tension between the US, Israel, and Iran is keeping safe‑haven demand elevated, with markets still sensitive to any sign of escalation.
At the same time, shifting US tariff policy under President Trump is adding extra uncertainty, fuelling sharp intraday swings and increasing the likelihood of sudden sentiment flips. Liquidity pockets and whipsaws remain common, making disciplined risk management essential.
Gold’s geopolitical premium is still firmly in place, and until tensions ease, short‑term volatility is likely to stay front‑loaded.
M15 Chart: EURUSD Reclaims Key Resistance — StructureBreakouts catch retail attention, but retests test institutional belief.
OANDA:EURUSD EURUSD has executed a clean structural breakout, clearing the major daily resistance level that held the pair down for weeks.
Price is now pulling back toward the newly established support zone inside a controlled corrective channel.
The Economic Divergence
The macroeconomic backdrop presents an interesting tug-of-war.
The Eurozone continues to struggle with sluggish economic growth, particularly in manufacturing. However, the US Dollar is facing broader selling pressure as expectations for Federal Reserve rate cuts intensify amid cooling US inflation.
Upcoming high-impact catalysts: US CPI/NFP reports and upcoming ECB & Fed interest rate decisions over the coming weeks will dictate the next macro leg.
The Technical Setup
Rather than chasing the initial breakout, we are monitoring the market's reaction at the Support Area (Pullback Zone) around 1.1570 – 1.1600.
If price action shows confirmation inside this zone (rejection wicks, loss of downside momentum, or bullish engulfing candles on 4H close), the structure favors a continuation higher.
Short-Term Target: 1.172
Mid-Term Target: 1.190
Invalidation Level: 1.154
If price closes below 1.154, the breakout structure has failed, and the setup is invalidated immediately. We step aside and reassess without emotion.
Patience comes before execution. Let the retest complete.
Risk Warning:
This analysis is provided for educational purposes only and does not constitute financial advice. Foreign exchange trading carries high financial risk. Always manage your risk strictly and use proper position sizing. Episode 05 — The Pattern Within the Pattern🎬 Mr. Nobody’s Chronicle
Season I — The History of Elliott Wave Principle
Episode 05 — The Pattern Within the Pattern
“Sometimes, to see a larger structure, we must first look more closely at its details...”
In the previous episode, we reached an important idea:
Market movement could not always be seen as a single, simple path.
Movements advanced...
They corrected...
And together, they formed larger structures.
But Elliott’s research did not end there.
As he looked more closely at the charts, a new question began to emerge.
Was a wave really just a wave?
A movement that appeared to be a single wave on a larger scale...
could reveal smaller movements within it when examined more closely.
And those smaller movements, working together, could form the larger structure itself.
But the story did not end there.
When we moved closer...
smaller structures began to appear within each movement.
And when we stepped back...
that same structure could appear to be only one part of something larger.
The market was no longer simply a collection of separate waves.
Structures existed within other structures.
A wave could be part of a larger wave...
while at the same time, being composed of smaller waves.
This observation opened one of the most important paths toward understanding market structure:
Wave Degree.
Each structure could have meaning within its own scale...
while at the same time belonging to a larger structure.
For this reason, looking at a chart from only one perspective was not always enough.
To understand a movement, sometimes we need to look closer...
and sometimes, we need to step back.
Because what appears to be the end of a movement at one scale...
may be only the beginning, or part, of a larger structure at another.
Perhaps this was where one of the deeper ideas behind the Wave Principle began to reveal itself:
Waves do not simply move beside one another.
They exist within one another.
But this idea created another question.
If structures appeared across different scales...
how could the true degree and position of a wave be identified?
And more importantly...
If a larger structure was built from smaller structures,
what rules determined how those structures could develop?
The answer would take us one step closer to the heart of the Wave Principle.
But before we could identify structures with greater confidence...
we first had to better understand the language of their movement.
To be continued...
Narrated by Mr. Nobody 🎧📊
Research & Market Studies
Mehdi & Rana 
Education
Ethereum | Wave 4 or the Start of a Larger Correction?Ethereum | Two Scenarios at a Critical Decision Point
On the 4-hour chart, Ethereum has developed an impulsive-looking bullish move from the recent low, with smaller-degree structures unfolding progressively within it.
Now the market is at a point where we need to determine whether this move is truly developing into a five-wave Impulse, or whether it is part of a larger corrective structure.
🟢 Bullish Scenario
In this scenario, we consider the recent move part of an Impulse.
Wave 3 is approaching completion, and the market could now enter Wave 4.
What we need to see is a clear, structured correction. If that correction completes, the market should then develop another bullish move as Wave 5.
The expected path is simple:
Wave 3 → Wave 4 Correction → Wave 5
If the current correction maintains its corrective character and is followed by a new impulsive bullish move, the Bullish Case will gain strength.
⚫ Bearish / Corrective Scenario
In the second scenario, this bullish move could actually be part of a larger corrective structure.
In that case, after the current move completes, the market should develop a structural decline that could become the beginning of a Simple Zigzag or another larger corrective pattern.
So, a decline in price alone is not enough.
What matters is the character and structure of the decline. That will tell us whether we are dealing with a normal correction or the beginning of a larger bearish structure.
So, Where Are We Now?
Right now, the most important part of the analysis is the next correction.
If the market corrects, preserves the structure, and then develops another impulsive bullish move, the Bullish Case remains the stronger scenario.
But if the correction develops into a powerful and clearly structured decline, we should take the possibility of a larger corrective structure more seriously.
For now, the market needs to show us its next structure. We don't need to predict the future—we need to read the structure.
Price is the result. Structure is the cause.
— Mr. Nobody | Elliott Wave Principle
Ethereum
2 days ago
Ethereum: Bullish Impulse or Larger Correction?
Ethereum
Jul 12
Is Wave C Complete, or Is the Correction Still Unfolding?
Long
Long
Bitcoin: First Impulse, Real Confirmation?This 4-hour Bitcoin analysis is based on the structural scenarios previously discussed on the higher timeframes and now focuses on the market's first potential impulsive move.
The recent advance from the marked area raises the possibility that Bitcoin is developing its first valid five-wave impulsive structure. If this count remains consistent with the rules and guidelines of the Elliott Wave Principle, it could become the first important structural evidence supporting the bullish scenario.
However, a five-wave advance alone is not enough to confirm the beginning of a new bull market. After the impulsive structure is completed, the market should develop a clear corrective structure proportional to the preceding advance while remaining above the key invalidation area.
The next stage will be crucial. After the correction, price action should once again demonstrate impulsive characteristics. A new Impulse, a Leading Diagonal, or nested 1–2 structures could provide stronger structural evidence that the market is developing a larger bullish cycle.
On the other hand, if the current advance eventually develops into only the first leg of a larger corrective structure, the bearish scenario will remain valid. In that case, the current five-wave move could represent Wave A or the first leg of a broader correction rather than the beginning of a sustained bullish trend.
Therefore, the most important question at this stage is not simply whether Bitcoin moves higher or lower.
The first impulsive move is the evidence. The structure that follows will provide the confirmation.
This analysis is based on market structure and the rules and guidelines of the Elliott Wave Principle. The preferred interpretation will continue to be reassessed as new price action develops.
— Mr. Nobody
Independent Elliott Wave Principle Researcher
“Patterns whisper. I listen.” 📊🎧
Bitcoin
2 days ago
Bitcoin Crossroads
BTCUSD — Chapter 2: Structure Before Fortune
Long
Ethereum | Impulse or a Larger Correction?The daily ETH/USD structure is now at a critical decision point. Previous analyses suggested that the correction would gain greater credibility as complete only if the market subsequently revealed a clear impulsive character.
🟢 Bullish Case
From the bullish perspective, the current structure could mark the completion of a Running Flat, with the market now at the beginning of a new directional move.
However, price growth alone is not enough to confirm this idea. The upward move should develop as a five-wave impulse, or at lower degrees, begin forming nested 1–2 structures. Such behavior would suggest that the market is building the foundation for a larger third wave.
Along this path, we would expect advances to display an impulsive character, while corrections remain more limited and clearly corrective relative to the upward moves.
⚫ Bearish / Corrective Case
On the other hand, if the upward movement fails to develop an impulsive character and advances continue to unfold in three waves, the larger corrective structure may still be developing.
In that case, the market could continue forming one or more corrective structures such as a Zigzag, Flat, or Double Three. Therefore, the declines must also be evaluated structurally to determine whether the market is simply extending the correction or gradually transitioning into a larger bearish phase.
Where Are We Now?
We are now at a point where the market needs to reveal the character of its next move:
A five-wave advance or nested impulsive 1–2 structures → strengthens the Bullish Case.
Three-wave corrective advances combined with continued bearish structure → strengthens the Bearish / Corrective Case.
The weekly chart provides the roadmap for the larger structure, but the daily chart will show which path the market is actually choosing.
📌 If the full logic behind these scenarios is not yet clear, take a look at the previous analyses attached to this idea. This analysis is a continuation of that same structural path.
yesterday
Ethereum: Bullish Impulse or Larger Correction?
Price is the result. Structure is the cause.
— Mr. Nobody | Elliott Wave Principle
Ethereum
Jul 12
Is Wave C Complete, or Is the Correction Still Unfolding?
Long 
Ethereum: Bullish Impulse or Larger Correction?The weekly ETH/USD structure suggests that Ethereum is approaching a critical decision point within a larger-degree structure — where the completion of the correction and the beginning of a new impulsive cycle remain in competition with the possibility of further corrective or bearish development.
🟢 Bullish Case
In the bullish scenario, the larger structure may indicate that the higher-degree correction has completed as a Regular Flat.
If so, the next move should gradually reveal the characteristics of a valid five-wave impulsive structure.
Confirmation from the lower degrees will be essential. Only the development of a valid impulsive sequence can meaningfully strengthen the bullish interpretation.
If confirmed, the larger structure could support the development of the next bullish wave, opening the path toward the projected targets and extensions shown on the chart.
⚫ Bearish / Corrective Case
On the other hand, until the bullish structure proves its impulsive character, the possibility that the correction is still developing cannot be ruled out.
In this case, ETH may continue developing one of the corrective structures permitted by the Elliott Wave Principle, including a Zigzag, Flat, Triangle, or more complex combinations such as a Double Three or Triple Three.
Depending on how the structure develops and how the waves relate to one another, this path could represent either a continuation of the larger correction or gradually reveal the characteristics of a bearish trend.
Ultimately, the key question is not simply where price is expected to go, but what structural character the market develops next.
Will ETH form a valid five-wave impulsive sequence and strengthen the Bullish Case, or will future price action remain primarily three-wave and corrective, keeping the Bearish / Corrective Case valid?
According to the Elliott Wave Principle, the answer will emerge through the development of the next structures.
📌 If the larger structural logic or its connection to the previous counts is not immediately clear, I recommend reviewing the earlier analyses attached to this idea. This analysis continues the same structural roadmap across multiple timeframes.
Price is the result. Structure is the cause.
— Mr. Nobody | Elliott Wave Principle
Ethereum
May 25
ETHUSD: Into the Eye of the Storm — Decoding the Final “C” Wave
Long 
Bitcoin Crossroads Bitcoin Crossroads ⚡
Hello everyone, here is my latest Bitcoin Weekly Update, using my new analytical style.
After reviewing the larger-degree structure, Bitcoin appears to be at a point where two important paths are still on the table. At this stage, the structure needs more development before we can confidently favor one scenario over the other.
In the Aggressive Path — the Turquoise Scenario, the larger decline may have completed a corrective structure, with the current advance potentially marking the beginning of a new bullish cycle. If price continues to maintain an impulsive structure, the intermediate pullbacks can be viewed as natural corrections within the larger move, allowing higher-degree waves to develop after each correction.
On the other hand, the Conservative Path — the Black Scenario keeps open the possibility that the larger correction is not finished yet. From this perspective, the current rise could still be part of a broader corrective structure, potentially becoming more complex before another decline develops to complete the larger corrective cycle.
So the question is not simply bullish or bearish. What matters more is the personality of the structure.
Is Bitcoin showing the strength, subdivision, and momentum of an impulsive move? Or are the overlapping price movements still pointing toward a corrective structure?
For now, Bitcoin stands at a structural crossroads. The turquoise path looks toward the development of a new bullish structure, while the black path keeps the possibility of a deeper corrective phase alive.
Rather than forcing an outcome, I’ll let price take the next step and reveal which structure is actually developing.
The market speaks through structure. We just have to listen.
— Patterns whisper. I listen.
Mr. Nobody 🎧📊
Bitcoin
Jul 4
Bitcoin 4H | Is the First Bearish Leg Complete?
Crude Oil: When Market Structure Reveals The Next MoveIn this update, we take a closer look at the current Crude Oil structure on the 1-hour timeframe.
The purpose of this analysis is not to predict the market with certainty, but to study price behavior and understand the structure that the market is currently developing.
After completing a larger corrective structure, Crude Oil was able to create a bullish move that, from a wave personality perspective, showed signs of an impulsive structure.
Now, price has reached a critical point where we need to evaluate whether this movement is the beginning of a larger bullish extension or if it is still part of a more complex corrective structure.
From the continuation perspective, if the current correction remains a sharp and limited structure and price is able to develop another impulsive move, this could indicate the expansion of the next wave and the continuation of the larger cycle.
However, from another perspective, if the market fails to maintain the character of an impulsive movement, the current structure could develop into a larger correction — such as an extended Zigzag or a more complex formation that requires additional time to complete.
At this stage, the most important factor is not simply the direction of the market, but the personality of the movement.
Understanding the Elliott Wave Principle is not only about counting waves; it is about recognizing the behavior of each structure, the alternation between waves, and the relationship between different degrees.
The market often reveals clues about its future structure before a major move begins.
Our job is not to predict the market.
Our job is to listen to the language of structures.
Patterns whisper. I listen.
— Mr. Nobody
WTI Crude (OIL) / US Dollar
2 hours ago
Crude Oil: Beyond Market Direction, Understanding Market Structu
1 hour ago
Crude Oil: How Market Structure Reveals the Next Move
Long
Crude Oil: Beyond Market Direction, Understanding Market StructuHello everyone,
In this update, we take another look at the Crude Oil chart.
We have slightly changed the way we present our analysis. The goal is not simply to say whether the market is bullish or bearish, but to understand the structure that the market is currently developing.
From the bullish perspective, or the aggressive scenario, after completing a large corrective cycle that included a complex Wave II structure, the market was able to create an impulsive move. At the moment, there is a possibility that the recent correction is a sharp and short-term structure, which could represent part of a lower-degree Wave II.
However, price action still needs to be studied on lower timeframes, because the market may be developing a more complex structure or a nested formation. If the next move shows a clear impulsive character, it could provide the first confirmation for a continuation of the bullish path.
On the other hand, the conservative scenario remains valid. If the market fails to develop the expected impulsive structure, a deeper correction may still occur, potentially forming part of a higher-degree Wave II.
But the main purpose of this analysis is not to predict the market direction.
I am not attached to a bullish or bearish outcome. My focus is on following the structure, getting closer to the logic of the Elliott Wave Principle, and understanding the personality of market movements.
Every pattern has its own story. Sometimes the market moves with strength; sometimes it becomes complex and time-consuming. Our job is not to force a story onto the market. Our job is to observe and allow the real structure to reveal itself.
Patterns whisper. I listen.
— Mr. Nobody
CFDs on Crude Oil (Brent)
Aug 11
Wave III?
Long
XAU/USD 27 August 20216 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Bias and analysis to remain the same as analysis dated 30 June 2026.
Price did not print bullish CHoCH to indicate bullish pullback phase initiation. Price instead printed a new low followed by a bullish CHoCH
Price is currently trading within and established internal range, however, I will continue to monitor price with respect to depth of pullback.
Intraday expectation:
Price to trade up to either premium of internal 50% EQ, or H4 demand zone before targeting weak internal low, currently priced at 3,942.100.
Note:
Gold remains volatile as tensions between the US, Israel, and Iran keep safe‑haven demand elevated.
Markets are reacting quickly to every headline, while uncertainty around the Fed’s easing path and shifting U.S. policy under President Trump, especially tariffs continues to fuel choppy price action.
For newer traders, the key is simple, stay flexible and manage risk carefully, as fast spikes and sudden reversals are a normal part of the current XAU/USD environment.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Bias and analysis to remain the same as analysis dated 25 August 2026.
Price has continued bullish, printing bearish CHoCH's, and containing higher with very minimal pullbacks. I will therefore apply discretion and not classify them as such.
Price has since printed a further bearish CHoCH. I shall however continue to monitor this with respect to depth of pullback.
Price is currently trading within an established internal range.
Intraday expectation:
Price to trade down to either discount of internal 50% EQ, or M15 supply zone before targeting weak internal high, currently priced at 4,697.105.
Alternative scenario:
You will note price has reacted at an H4 supply zone, therefore, it would be entirety feasible if price was to target strong internal low and print a bearish iBOS, given the internal structure of H4 is bearish.
Note:
Gold remains highly reactive on M15 as geopolitical risk continues to drive quick, headline‑led moves.
The tension between the US, Israel, and Iran is keeping safe‑haven demand elevated, with markets still sensitive to any sign of escalation.
At the same time, shifting US tariff policy under President Trump is adding extra uncertainty, fuelling sharp intraday swings and increasing the likelihood of sudden sentiment flips. Liquidity pockets and whipsaws remain common, making disciplined risk management essential.
Gold’s geopolitical premium is still firmly in place, and until tensions ease, short‑term volatility is likely to stay front‑loaded.
M15 Chart:
