XAU/USD (Gold) Elliott Wave Analysis
Gold is the ultimate safe-haven asset and one of the most traded commodities globally. Its price is driven by real interest rates, USD strength, geopolitical risk, and central bank reserves.
Gold forms some of the cleanest Elliott Wave structures in financial markets. Multi-year impulse waves are clearly visible on the monthly chart. Wave 3 extensions to 161.8% are extremely reliable on gold. Corrections tend to form running flats or complex WXY patterns.
Major psychological levels at $2,000, $2,500, $3,000. All-time high resistance and Fibonacci extensions from the 2015 low provide key targets.
Gold wave analysis on the weekly chart provides the highest accuracy. When gold's weekly count aligns with a bullish Wave 3, the daily chart offers precise entry timing.
H4 Wave Count
4-hour timeframe for precise entry timing
Daily Wave Count
Primary trading timeframe structure
Weekly Wave Count
Macro context and trend direction
Fibonacci Targets
Precise price targets from wave structure
Invalidation Levels
Exact price where the count is wrong
Alternative Scenario
What happens if the primary count fails
Get Daily XAU/USD (Gold) Analysis
Updated before London open, every trading day. H4, Daily, and Weekly wave counts with precise Fibonacci targets.