RakyatTrader

Elliott Wave StructureAn impulsive 5-wave structure has been identified (1-2-3-4-5 upward),followed by a corrective A-B-C pattern forming a falling wedge/channel, which has now broken to the upside.Breakout & Potential MovementThe breakout from the descending trendline signals a potential bullish reversal.Currently, price is in a retest phase, likely seeking a pullback before continuation.Demand Zones OverviewMinor Demand ZoneUpper: 3305 – 3314Lower: 3290 – 3294→ Acts as a short-term pullback area. If price holds here, continuation is likely without needing to revisit deeper zones.Major Demand ZoneUpper: 3208 – 3217Lower: 3185 – 3192→ Considered a stronger support area. If the minor zone fails, buyers may step in significantly from here.Trading ScenariosBullish Scenario (Preferred)Price retests minor demandBullish rejection forms → Buy entryTarget: Retest previous highs (~3500) or start of a new impulsive waveBearish Scenario (Alternative)Price breaks below minor demand → Continues toward major demandSafer buy setup if bullish candle or divergence confirms at major zone

Gold (XAUUSD) is currently hovering near the 3,300 level, facing potential resistance from a previously tested supply zone. Price is consolidating in a low-volatility range, suggesting a possible pullback scenario. Should a correction occur, the nearest downside target lies around the Minor Demand zone (3,222–3,204).A deeper correction could extend to the Daily Demand area at 3,105 and possibly down to 3,030–2,970, which historically provided strong bullish reaction. As long as price stays above these zones, the overall bullish structure remains intact.Keep an eye on the supply rejection and signs of BOS (Break of Structure) for any potential reversal confirmation.

XAUUSD is currently in a retracement phase following a sharp decline from the previous Higher High structure.This analysis applies a price action approach on the H4 timeframe, highlighting the following key technical zones:Supply Zone (Fibonacci 0.618–0.786 retracement): Acts as a major resistance area and potential re-entry point for sellers.Tested Demand Zone and unfilled order block, aligning with the Golden Ratio on the Daily timeframe.Price is currently reacting near the 0.382 level, making this a decision point for potential rejection or continuation.📌 Two Key Scenarios:Bullish Scenario: A confirmed breakout above 0.786 could open the path toward a new Higher High or even an All-Time High.Bearish Scenario: Rejection from 0.382 or the supply zone could trigger another leg down toward the major demand zone, with extended targets at the Fibonacci 1.272–1.618 levels.📥 The full PDF version of this analysis is available for download in our Telegram community:👉 t.me/rakyattrader

🔍 Quick Technical Overview:XAUUSD is currently testing the 78.6% Fibonacci retracement supply zone near 3,223. If the price gets rejected here, a pullback to the demand area at 3,142 or even to the daily demand zone around 2,979 is highly possible.However, if the price successfully breaks and holds above 3,223, bullish continuation toward 3,266 and 3,325 is the likely scenario.🧭 Scenarios:– Bearish: Rejection from 3,223 → drop to 3,142 / 3,105 → possible continuation to 2,979– Bullish: Breakout above 3,223 → retest → target 3,266 / 3,325⚠️ Wait for price action confirmation before taking positions. This is a key decision zone.#XAUUSD #GoldAnalysis #SupplyDemand #Fibonacci #PriceAction #TeknikalAnalisis #TradingIndonesia