🟡 XAUUSD Weekly Update | 23 October 2025
Gold reached a new all-time high at 4381, marking the potential completion of wave (5) within the broader impulsive cycle.
Following this strong rally, price action is now entering a corrective phase, suggesting a temporary pullback before the next major directional move.
🔹 Main Scenario – Corrective Wave Developing
After reaching 4381, gold started to form a potential A–B–C correction from the top of wave (5).
The first leg of the correction (wave A) appears to be developing, signaling profit-taking and short-term exhaustion among buyers.
A short-term retracement toward structural support areas could provide a new accumulation zone before the next bullish impulse.
🔸 Alternative Scenario – Extended Consolidation
If selling pressure persists, the correction may extend into a broader range structure before resuming the uptrend.
Only a confirmed daily close below key support (former breakout base) would suggest a deeper retracement phase.
📊 Overall Outlook
Gold remains technically bullish in the medium term despite the current pullback.
This retracement from 4381 is viewed as a healthy correction within the dominant uptrend.
Traders should watch for stabilization signals near support as potential re-entry zones for the next upward wave.
Gold reached a new ATH at 4381 before entering a corrective phase ⚠️
Short-term pullback expected — but the medium-term structure remains bullish.
#XAUUSD #GOLD #WaveAnalysis #ElliottWave #GoldForecast #TradingView #PriceAction
Gold reached a new all-time high at 4381, marking the potential completion of wave (5) within the broader impulsive cycle.
Following this strong rally, price action is now entering a corrective phase, suggesting a temporary pullback before the next major directional move.
🔹 Main Scenario – Corrective Wave Developing
After reaching 4381, gold started to form a potential A–B–C correction from the top of wave (5).
The first leg of the correction (wave A) appears to be developing, signaling profit-taking and short-term exhaustion among buyers.
A short-term retracement toward structural support areas could provide a new accumulation zone before the next bullish impulse.
🔸 Alternative Scenario – Extended Consolidation
If selling pressure persists, the correction may extend into a broader range structure before resuming the uptrend.
Only a confirmed daily close below key support (former breakout base) would suggest a deeper retracement phase.
📊 Overall Outlook
Gold remains technically bullish in the medium term despite the current pullback.
This retracement from 4381 is viewed as a healthy correction within the dominant uptrend.
Traders should watch for stabilization signals near support as potential re-entry zones for the next upward wave.
Gold reached a new ATH at 4381 before entering a corrective phase ⚠️
Short-term pullback expected — but the medium-term structure remains bullish.
#XAUUSD #GOLD #WaveAnalysis #ElliottWave #GoldForecast #TradingView #PriceAction
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.