XAUUSD: THE RESISTANCE IS COMING!

3 févr.

XAUUSD Sell Setup: Wave 4 Retracement Expected After Wave 3 Peak at 3032.92

(Elliott Wave + Fibonacci Analysis)
Trade Rationale:

Wave Structure:

Wave 3 has likely completed at 3032.92 (projected via 261.8% Fibonacci extension of Wave 1).

Wave 4 is now anticipated as a corrective pullback, typically retracing 23.6%-50% of Wave 3.

Technical Confluence:

Price is at a major resistance zone (Wave 3 high).

Bearish divergence on RSI/MACD suggests weakening momentum.

Fibonacci retracement levels align with Elliott Wave rules for Wave 4.

Trade Plan:

Entry Zone: 3032–3040 (short on bearish reversal confirmation: pin bars, rejection candles, or breakdown below 3032).

Targets:

TP1: 2744.89 (23.6% retracement of Wave 3)

TP2: 2565.98 (38.2% retracement)

TP3: 2421.75 (50% retracement – strongest support)

Stop Loss: 3080 (above Wave 3 high to allow volatility).

Key Chart Levels:

Support: 2744 (23.6%) → 2565 (38.2%) → 2421 (50%)

Resistance: 3032 (Wave 3 peak) → 3080 (invalidates bearish bias if breached).

4 févr.

Transaction en cours

Focus on 2847 -2855 as resistance

11 févr.

Note

We are getting so close , our team has extended our TP to 3169.30

20 févr.

Note

Our TP is till 3169 on this and it is getting slowly