Elliott Wave Strategy

#XAUUSD - (Chart Link)

Yesterday's setup was invalidated. That's exactly why we publish invalidation levels.

The level was there before the move, not after it. When price broke it, the count was closed. No arguing with the chart, no holding on to an idea that stopped working.

The bigger picture has not changed. Gold stays bullish while 4,203 holds. Below that, we switch to the second scenario, and we already have it mapped.

This is what a plan looks like. It tells you when you're right and when you're not.

And that's the part most people miss. As a trader, you are not a forecaster. You ar

#XAUUSD - (Chart Link)

Fib 38.2. A perfect touch! 👌

→ Now wait for the breakout, the reaction alone is not confirmation.

#EURUSD 🇪🇺🇺🇸 - (Chart Link)

Elliott Wave has three rules you can't break. One of them says wave four must stay out of wave one's territory.

That's the line in the sand on EURUSD right now.

A break above the red trend line would open the way for the trend to continue higher.

#XAUUSD - (Chart Link)

Yesterday we said gold is in a wave 4 correction. Looking closer, the inner structure is made of three-wave moves.

That means wave 4 can form as a WXY, or as an ABCDE triangle.

If price drops below 4,605.11, we follow the green arrow. If it holds, we follow the blue one and watch for the triangle break.

#XAUUSD - (Chart Link)

Gold's 2nd wave was quite deep, so the 4th wave may stay more shallow.

For now, this looks more like a short pause than a major correction. The upward trend will then continue.