Gold(
XAUUSD) has successfully broken below the Support Lines and recently tested the 100_SMA(Daily) and 21_SMA(Weekly).
However, the price failed to break above these key moving averages and started to decline with strong bearish momentum.
Can gold reclaim $4,400, or is a deeper corrective move already underway?
Technical Analysis
From an Elliott Wave perspective, gold appears to have completed its Primary Wave 5, suggesting that a broader corrective phase to the downside may now be beginning.
The rejection from the 100_SMA(Daily) and 21_SMA(Weekly), combined with the breakdown of the Support Lines, further strengthens the bearish scenario.
💡 Educational Note: After the completion of a Five-Wave Impulsive Structure, Elliott Wave theory typically expects a corrective phase, often developing in an A-B-C structure.
I expect gold to decline at least toward $4,341. If bearish momentum increases, the correction could extend toward $4,315.
Trade Setup
First Take Profit(TP): $4,341
Second Take Profit(TP): $4,320
Third Take Profit(TP): $4,299
Stop Loss(SL): $4,410(Worst)
Key Trading Level: $4,342
Which level do you think gold will reach first?
🔴 $4,299
🟢 $4,410
📌 Gold Analysis(XAUUSD), 1-hour time frame
🛑 Always use proper risk management and set a Stop Loss(SL) for every position.
🚀 If this analysis helps your trading plan, a BOOST would help more traders discover it.
XAUUSD) has successfully broken below the Support Lines and recently tested the 100_SMA(Daily) and 21_SMA(Weekly).However, the price failed to break above these key moving averages and started to decline with strong bearish momentum.
Can gold reclaim $4,400, or is a deeper corrective move already underway?
Technical Analysis
From an Elliott Wave perspective, gold appears to have completed its Primary Wave 5, suggesting that a broader corrective phase to the downside may now be beginning.
The rejection from the 100_SMA(Daily) and 21_SMA(Weekly), combined with the breakdown of the Support Lines, further strengthens the bearish scenario.
💡 Educational Note: After the completion of a Five-Wave Impulsive Structure, Elliott Wave theory typically expects a corrective phase, often developing in an A-B-C structure.
I expect gold to decline at least toward $4,341. If bearish momentum increases, the correction could extend toward $4,315.
Trade Setup
First Take Profit(TP): $4,341
Second Take Profit(TP): $4,320
Third Take Profit(TP): $4,299
Stop Loss(SL): $4,410(Worst)
Key Trading Level: $4,342
Which level do you think gold will reach first?
🔴 $4,299
🟢 $4,410
📌 Gold Analysis(XAUUSD), 1-hour time frame
🛑 Always use proper risk management and set a Stop Loss(SL) for every position.
🚀 If this analysis helps your trading plan, a BOOST would help more traders discover it.
การซื้อขายยังคงดำเนินอยู่
บันทึก
Based on the recent weakness in US labor-market data, especially NFP at -23K and Average Hourly Earnings at 0.1%, the market had room to expect a softer CPI report that could further weaken the US Dollar.However, today’s CPI data came exactly in line with expectations:
Core CPI m/m: 0.2% vs 0.2% expected
Core CPI y/y: 2.5% vs 2.5% expected
CPI m/m: 0.1% vs 0.1% expected
CPI y/y: 3.4% vs 3.4% expected
This means the market did not receive a fresh dovish surprise, so the probability of another immediate upside move in Gold, Bitcoin, and US stock indices has decreased. In the short term, this increases the risk of a corrective pullback or profit-taking, especially after the recent rallies.
At the same time, inflation is still gradually cooling on a yearly basis, so this is not necessarily a strong bearish signal—more a loss of bullish momentum than a major trend reversal.
บันทึก
🔴Short position was activated.🔵Entry Point: 4427.000 USD (Limit Order)
💸Take Profit: 4383.000 USD➡️Risk-To-Reward: 2.32
⛔️Stop Loss: 4446.000 USD
บันทึก
You can hold the take-profit level at $4,351.00, resulting in a risk-to-reward ratio of 4.00 for the position.บันทึก
You can transfer your Stop Loss (SL) to Entry Point (EP) for risk-free trading
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การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน