Elliott Wave View: Gold (XAUUSD) Starts Next Leg Higher

Elliottwave_Forecast

Short Term Elliott Wave View in Gold (XAUUSD) suggests that rally to 2790.07 ended wave ((3)). Pullback in wave ((4)) unfolded as a double three Elliott Wave structure. Down from wave ((3)), wave A ended at 2724.6 and rally in wave B ended at 2749.9. Wave C lower ended at 2643.1 which completed wave (W) in higher degree. Rally in wave (X) ended at 2710.61. The metal then turned lower in wave (Y) with subdivision as another zigzag. Down from wave (X), wave A ended at 2589.5 and wave B rally ended at 2618.8. Wave C lower ended at 2537.7 which completed wave (Y) of ((4)) in higher degree.

The metal has turned higher in wave ((5)). Up from wave ((4)), wave ((i)) ended at 2577.47 and wave ((ii)) pullback ended at 2554.34. The metal extended higher in wave ((iii)) towards 2641.92 and pullback in wave ((iv)) ended at 2618.7. Expect wave ((v)) of 1 to end soon and the metal to turn lower in wave 2 to correct cycle from 11.14.2024 low in 3, 7, or 11 swing before it resumes higher. Near term, as far as pivot at 2537.7 low stays intact, expect dips to find buyers in 3, 7, or 11 swing for further upside.

XAUUSD 60 Minutes Elliott Wave Chart

XAUUSD Elliott Wave Video

Source:https://elliottwave-forecast.com/news/elliott-wave-view-gold-xauusd-starts-next-leg-higher/

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

zingle
11-22
zingle
This analysis is intriguing

Leave a comment

1

21

2

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":373470626910216,"tweetId":"373470626910216","gmtCreate":1732215344571,"gmtModify":1732257042890,"author":{"id":4113409820866582,"idStr":"4113409820866582","authorId":4113409820866582,"authorIdStr":"4113409820866582","name":"Elliottwave_Forecast","avatar":"https://community-static.tradeup.com/news/c00ab1fc45e212abf00117a41ad8354f","vip":5,"userType":5,"introduction":"Elliott Wave Forecasts of 78 markets.","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":8955,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[{"img":"https://community-static.tradeup.com/news/df81211b19a7ed090f318f5656e71aa6"}],"title":"Elliott Wave View: Gold (XAUUSD) Starts Next Leg Higher","html":"<html><head></head><body><h2></h2>\n<p style=\"text-align: justify;\">Short Term Elliott Wave View in Gold (XAUUSD) suggests that rally to 2790.07 ended wave ((3)). Pullback in wave ((4)) unfolded as a double three Elliott Wave structure. Down from wave ((3)), wave A ended at 2724.6 and rally in wave B ended at 2749.9. Wave C lower ended at 2643.1 which completed wave (W) in higher degree. Rally in wave (X) ended at 2710.61. The metal then turned lower in wave (Y) with subdivision as another zigzag. Down from wave (X), wave A ended at 2589.5 and wave B rally ended at 2618.8. Wave C lower ended at 2537.7 which completed wave (Y) of ((4)) in higher degree.</p>\n<p style=\"text-align: justify;\">The metal has turned higher in wave ((5)). Up from wave ((4)), wave ((i)) ended at 2577.47 and wave ((ii)) pullback ended at 2554.34. The metal extended higher in wave ((iii)) towards 2641.92 and pullback in wave ((iv)) ended at 2618.7. Expect wave ((v)) of 1 to end soon and the metal to turn lower in wave 2 to correct cycle from 11.14.2024 low in 3, 7, or 11 swing before it resumes higher. Near term, as far as pivot at 2537.7 low stays intact, expect dips to find buyers in 3, 7, or 11 swing for further upside.</p>\n<h2>XAUUSD 60 Minutes Elliott Wave Chart</h2>\n<h2></h2>\n<h2>XAUUSD Elliott Wave Video</h2>\n<p></p>\n<video poster=\"https://community-static.tradeup.com/news/df81211b19a7ed090f318f5656e71aa6\" tg-width=\"1920\" tg-height=\"1080\" class=\"ql-video\" controls=\"true\" controlslist=\"nodownload\" playsinline=\"true\" webkit-playsinline=\"true\">\n <source src=\"https://1254107296.vod2.myqcloud.com/8a1ed91dvodsgp1254107296/7c5380e21397757896438179582/1AaNdUkmYlkA.mp4\">\n</video>\n<p>Source:https://elliottwave-forecast.com/news/elliott-wave-view-gold-xauusd-starts-next-leg-higher/</p></body></html>","htmlText":"<html><head></head><body><h2></h2>\n<p style=\"text-align: justify;\">Short Term Elliott Wave View in Gold (XAUUSD) suggests that rally to 2790.07 ended wave ((3)). Pullback in wave ((4)) unfolded as a double three Elliott Wave structure. Down from wave ((3)), wave A ended at 2724.6 and rally in wave B ended at 2749.9. Wave C lower ended at 2643.1 which completed wave (W) in higher degree. Rally in wave (X) ended at 2710.61. The metal then turned lower in wave (Y) with subdivision as another zigzag. Down from wave (X), wave A ended at 2589.5 and wave B rally ended at 2618.8. Wave C lower ended at 2537.7 which completed wave (Y) of ((4)) in higher degree.</p>\n<p style=\"text-align: justify;\">The metal has turned higher in wave ((5)). Up from wave ((4)), wave ((i)) ended at 2577.47 and wave ((ii)) pullback ended at 2554.34. The metal extended higher in wave ((iii)) towards 2641.92 and pullback in wave ((iv)) ended at 2618.7. Expect wave ((v)) of 1 to end soon and the metal to turn lower in wave 2 to correct cycle from 11.14.2024 low in 3, 7, or 11 swing before it resumes higher. Near term, as far as pivot at 2537.7 low stays intact, expect dips to find buyers in 3, 7, or 11 swing for further upside.</p>\n<h2>XAUUSD 60 Minutes Elliott Wave Chart</h2>\n<h2></h2>\n<h2>XAUUSD Elliott Wave Video</h2>\n<p></p>\n<video poster=\"https://community-static.tradeup.com/news/df81211b19a7ed090f318f5656e71aa6\" tg-width=\"1920\" tg-height=\"1080\" class=\"ql-video\" controls=\"true\" controlslist=\"nodownload\" playsinline=\"true\" webkit-playsinline=\"true\">\n <source src=\"https://1254107296.vod2.myqcloud.com/8a1ed91dvodsgp1254107296/7c5380e21397757896438179582/1AaNdUkmYlkA.mp4\">\n</video>\n<p>Source:https://elliottwave-forecast.com/news/elliott-wave-view-gold-xauusd-starts-next-leg-higher/</p></body></html>","text":"Short Term Elliott Wave View in Gold (XAUUSD) suggests that rally to 2790.07 ended wave ((3)). Pullback in wave ((4)) unfolded as a double three Elliott Wave structure. Down from wave ((3)), wave A ended at 2724.6 and rally in wave B ended at 2749.9. Wave C lower ended at 2643.1 which completed wave (W) in higher degree. Rally in wave (X) ended at 2710.61. The metal then turned lower in wave (Y) with subdivision as another zigzag. Down from wave (X), wave A ended at 2589.5 and wave B rally ended at 2618.8. Wave C lower ended at 2537.7 which completed wave (Y) of ((4)) in higher degree. The metal has turned higher in wave ((5)). Up from wave ((4)), wave ((i)) ended at 2577.47 and wave ((ii)) pullback ended at 2554.34. The metal extended higher in wave ((iii)) towards 2641.92 and pullback in wave ((iv)) ended at 2618.7. Expect wave ((v)) of 1 to end soon and the metal to turn lower in wave 2 to correct cycle from 11.14.2024 low in 3, 7, or 11 swing before it resumes higher. Near term, as far as pivot at 2537.7 low stays intact, expect dips to find buyers in 3, 7, or 11 swing for further upside. XAUUSD 60 Minutes Elliott Wave Chart XAUUSD Elliott Wave Video Source:https://elliottwave-forecast.com/news/elliott-wave-view-gold-xauusd-starts-next-leg-higher/","highlighted":1,"essential":2,"paper":2,"likeSize":21,"commentSize":1,"repostSize":2,"favoriteSize":0,"link":"https://ttm.financial/post/373470626910216","repostId":0,"isVote":1,"tweetType":2,"object":{"id":"6e8b7aff10a54ea2a2d97e9c22b01877","videoUrl":"https://1254107296.vod2.myqcloud.com/8a1ed91dvodsgp1254107296/7c5380e21397757896438179582/1AaNdUkmYlkA.mp4","poster":"https://community-static.tradeup.com/news/df81211b19a7ed090f318f5656e71aa6","desc":""},"viewCount":63915,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["Y","W","X"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1053,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":373750917247128,"commentId":"373750917247128","gmtCreate":1732257232173,"gmtModify":1732263403637,"authorId":3479274779734729,"author":{"id":3479274779734729,"idStr":"3479274779734729","authorId":3479274779734729,"name":"zingle","avatar":"https://static.tigerbbs.com/124ddb27832ad3a5d8aa835fe6bb7572","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":373470626910216,"objectIdStr":"373470626910216","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"This analysis is intriguing","text":"This analysis is intriguing","html":"This analysis is intriguing","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/373470626910216"}