grnntom

I’m expecting about a 1.84% drop on XAUUSD this week based on Elliott Wave and Fibonacci structure. First, I’ve identified that the market has already completed a full 5-wave impulsive move up. Wave 3 was the strongest leg, followed by a corrective Wave 4, and then a final push into Wave 5. At the top of Wave 5, we saw a liquidity sweep, where price grabbed the highs before reversing sharply — that’s usually a sign of exhaustion. After the sweep, price dropped into Wave A, confirming the start of a corrective phase. Now, price is retracing back upward, forming Wave B, and it’s approaching my Sell Zone between the 0.70 and 0.886 Fibonacci retracement levels of Wave A. This area also lines up with the liquidity sweep zone, which strengthens the case for rejection. Once Wave B completes inside this Sell Zone, I’m anticipating Wave C to unfold to the downside. My first target is around 3612, which is the 1.0 extension of Wave A. From the current level around 3687, that move down would represent about a 1.84% drop. If momentum is strong, price could even extend toward deeper targets near 3554. So in short, my plan is to sell inside the 0.70–0.886 retracement zone, keep my stop above the Wave 5 high, and target at least 3612 for a 1.84% decline this week.

Here is an example of trade I'm in. Gold had accumulated for a period of time before we broke structure to the downside. here we can see a clear imbalance where price moved so quickly. here id expect to see price flow pull back to the order block where we initially broke to the downside to eat some more orders in an effort to refuel to continue pushing to the downside.

as price has aggressively pushed to the upside yesterday we left a strong area to retrace. since then supply has taken control and we saw a retracement to the downside which left an imbalance in price. this lead to breaking structure to the downside after it swept previous liquidity. I will be looking to enter short from this AOI.

Price has been bearish for the past month due to the ongoing altercations in the world currently. Price has since had a pullback creating LL and LH on the 4H Timeframe. We've finally broken the swing points and price appears to be bullish. creating new LL and HH. Using this we can see price broke stricture abruptly, leaving behind and order block and imbalance.Good idea. Price couldn't pull back to my AOI before it continued its trend.

Watch this... Wave 3 to take out those highs ;) I have my stop at 1950.8 and ill be targeting the highs as gold pushes to the mooon.

Here we see bitcoin with two area of liquidity that have been left behind. My plan of action is to see the buyside liquidity get re grabbed before making its decent to try and hoover up the sell side liquidity.Price is pulling up to the first level of liquidity (Buyside).price has tested the buyside liquidity.

XAUUSD WEEKLY ANAYSIS 📈 Gold Market Analysis: Potential Retracement Gold has been on a bearish trend over the past month, but the recent developments indicate a possible retracement. Notably, the DXY (US Dollar Index) has broken its structure to the downside and re-entered a range that dates back to August 30, 2023. This shift in the DXY suggests a change in the gold market. Keep an eye on potential retracement opportunities in the coming days. Stay vigilant and manage risk effectively. 📉🪙 #Gold #Forex #TradingView #MarketAnalysis