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Elliott Wave Analysis – XAUUSD Trading Plan | June 3, 2025 🌀 Current Wave Structure On the chart, we’re observing a 5-wave green structure within wave 3 (black). Wave 3 (green) has been completed, and the market is now forming wave 4 (green). 👉 Since wave 3 was an extended move, wave 4 is likely to be a quick, shallow correction. The ‘a’ leg of the correction has formed, and we’re expecting a bounce into wave b next. 📍Wave 4 Target Zones Potential Buy Zone (Swing): Around 3346, based on the 0.382 Fibonacci retracement and key liquidity zone from Volume Profile. Potential Short-Term Sell Zone: Around 3390, if wave b forms a retracement rally. ⚠️ However, this sell idea may be invalidated if a zigzag, flat, or triangle structure forms before price reaches the zone. ⚡️ Momentum Outlook D1: Bullish momentum → supports continued upward impulse wave structure. H4: Bearish momentum → price may continue correcting to complete wave 4. H1: Momentum nearing a bullish reversal → likely short-term rally toward 3390 (short-term sell opportunity). 📈 Trading Plan 🔻 Short-Term Sell Setup • Entry: 3387 – 3390 • Stop Loss: 3395 • Take Profit: – TP1: 3368 – TP2: 3356 🔺 Swing Buy Setup • Entry: 3347 – 3344 • Stop Loss: 3337 • Take Profit: – TP1: 3367 – TP2: 3390 – TP3: 3421 🎯 Strategy Summary: Focus on short-term sell opportunities if price retraces into resistance and shows reversal signals. At the same time, monitor the 3344–3347 area for a potential swing buy if wave 4 completes with a clear corrective pattern.
OANDA:XAUUSDLong
by WavePoint_FX
1
Gold Stalls Ahead of Key Trade TalksGold Stalls Ahead of Key Trade Talks – Will Price Explode Out of the 3345–3370 Range? After Monday’s explosive rally, gold is currently consolidating within a tight price range. The market is at a critical juncture, awaiting high-level trade talks between the U.S. and China — an event that could serve as a major catalyst for the next directional move. 🌍 MACRO OUTLOOK & MARKET SENTIMENT A major trade call between Trump and President Xi Jinping is on the horizon. This conversation could reset global trade expectations and potentially trigger large moves in risk assets. Last week’s strong U.S. jobs data (NFP) pushed back expectations of Fed rate cuts. Treasury yields remain elevated, which is temporarily capping gold’s upside. Market sentiment is neutral-to-cautious, with traders waiting for confirmation of a breakout or breakdown before committing capital to new positions. 📈 TECHNICAL ANALYSIS (H1 – EMA 13/34/89/200) Gold appears to be in a wave 4 correction, consolidating after completing wave 3. EMAs remain aligned to the upside (bullish), suggesting the broader trend still favors buyers. Key range: Above 3370 → breakout confirmation → momentum push toward 3400–3410 Below 3345 → breakdown → fast dip to 3310–3300 to complete wave 4 and initiate wave 5 upward 🧭 STRATEGIC ZONES 🔵 BUY ZONE: 3317 – 3315 Stop Loss: 3310 Take Profits: 3322 → 3326 → 3330 → 3334 → 3338 → 3345 → 3350 → 3360 This zone aligns with a strong FVG + EMA89 support. A bullish reaction here could provide a high-probability entry for the next impulsive leg upward (wave 5). 🔻 SELL ZONE: 3372 – 3374 Stop Loss: 3378 Take Profits: 3368 → 3364 → 3360 → 3356 → 3350 → 3345 3370 is a critical resistance zone. Any rejection at this level with weak momentum or divergence could open a short-term bearish correction back toward 331x levels. ✅ SUMMARY Gold is trapped in a decision zone between 3345–3370. The market awaits clarity from macro headlines and technical breakout signals. Until then, traders should watch key levels closely, stay patient, and position accordingly based on price action confirmation at strategic zones.
OANDA:XAUUSDShort
by MMFlowTrading
BTCUSDT – Still Has Upside Potential, as Long as Support HoldsBitcoin is showing strong signs of recovery after retesting the support zone around 102,574 – which also aligns with the 34 EMA on the D1 chart. This bounce suggests that buying pressure remains intact and the market continues to respect the overall bullish structure. If BTC can hold this area over the next few sessions, a breakout toward the resistance zone at 114,461 is a realistic scenario. With enough momentum, price might even break above the previous high and head toward the 118,000+ region. That said, the 102,500 – 103,000 area is now the “make-or-break” zone. If it gets breached, the uptrend could be in jeopardy, and BTC might correct deeper toward the 89 EMA.
Long
by Rocky_trade_
XAUUSD – Pullback ahead of potential breakout above 3,433The latest forecasts show that both ADP and ISM PMI data in the US are rising, reflecting a stronger-than-expected economic recovery. This has led the market to scale back expectations of an imminent Fed rate cut. As a result, the dollar is gaining strength, putting short-term downward pressure on gold. On the H4 chart, XAUUSD is trading within a consolidation range between two key levels: support at 3,346 and resistance at 3,433. Price was recently rejected at the previous high but has not shown any clear reversal signal. The 34 and 89 EMAs are acting as a technical cushion, keeping the broader bullish trend intact. The scenario to watch: if price continues to stabilize around the 3,346 zone without breaking below, a clean consolidation structure could form. In that case, a breakout above 3,433 would be a confirmation signal for another bullish wave—opening the door to higher targets ahead.
OANDA:XAUUSDLong
by Rocky_trade_
2
Intraday Long Setup | June 3rd 2025 | Valid Until Daily ClosePrice is retracing to a strong pivot zone (marked by the red box). Structure remains bullish with potential for continuation after pullback. The green box represents a high-probability long opportunity with tight risk control. Watch for price reaction within the red zone. Entry only if confirmation (e.g., bullish engulfing, strong wick rejections) appears. The setup expires at end of the daily candle close.
Long
by pivottrader88