This technical article analyzes the GOLD (XAU/USD) price trend, identifying a bullish 5-wave pattern from the December 18th low. The article discusses Elliott Wave analysis, target projections, and potential pullbacks. It highlights key levels and advises traders on navigating the market.
Hello fellow traders! In this technical article, we’ll be discussing GOLD and sharing some charts that we’ve presented to the members ofElliottWave-Forecast. As our members know, GOLD is showing higher high sequences in the cycle from the December 18th low, which suggests a further rally in the commodity. Recently, GOLD completed a 3-wave pullback and made another leg up, reaching our target area.
Reminder for members:Our chat rooms in the membership area are available 24 hours a day, providing expert insights on market trends and Elliott Wave analysis. Don’t hesitate to reach out with any questions about the market, Elliott Wave patterns, or technical analysis. We’re here to help. Gold H1 update 01.23.2025 GOLD continued its rally as expected. Wave reached the first target at 2769.99–2708.55, calculated using the inverse 1.236–1.618 Fibonacci extension of wave .
Commodities GOLD XAUUSD Elliottwave Technicalanalysis Commoditymarket
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