📊 Elliott Wave Analysis – XAUUSD (June 12, 2025)
🌀 Wave Structure
According to yesterday's plan, the green abc corrective wave likely completed around the 3293 level. The subsequent bullish move is considered Wave 1 in a triangle form, and last night’s news helped Wave 5 hit the target, yielding over 200 pips in profit.
After that, price corrected in a black abc structure. Although the CPI release printed a sharp H1 wick (alongside overlapping waves supporting sellers), the price reversed sharply to the upside — further reinforcing the idea that the correction phase has ended.
Currently, price is testing the previous green Wave b high at 3375.954. A break and close above this level could strengthen the bullish wave scenario. If Wave 1 is indeed a triangle, Wave 3 may extend strongly, with a potential upside target near 3428.
In the short term, price may be forming Wave 1 within Wave 3, and we are watching two key zones:
3358 – 3355
3390 – 3393
⚠️ If price breaks and closes below 3350, the current wave count will be invalidated, and we will shift to a deeper corrective scenario. I will update accordingly to avoid confusion.
🔍 Momentum Outlook
D1: Momentum is rising, supporting the continuation of Wave 3 into next week.
H4: Still bullish; needs 1–2 more candles to reach the overbought zone.
H1: Currently overbought → possible pullback if price hits the 3390–3393 resistance.
⏱️ Bearish momentum reversal at 3390–3393 → confluence zone for a SELL setup
⏱️ Bullish momentum reversal at 3358–3355 → confluence zone for a BUY setup
🎯 Trading Plan
BUY ZONE: 3358 – 3355
SL: 3348
TP1: 3375 | TP2: 3389
SELL ZONE: 3390 – 3393
SL: 3404
TP1: 3375 | TP2: 3358
🌀 Wave Structure
According to yesterday's plan, the green abc corrective wave likely completed around the 3293 level. The subsequent bullish move is considered Wave 1 in a triangle form, and last night’s news helped Wave 5 hit the target, yielding over 200 pips in profit.
After that, price corrected in a black abc structure. Although the CPI release printed a sharp H1 wick (alongside overlapping waves supporting sellers), the price reversed sharply to the upside — further reinforcing the idea that the correction phase has ended.
Currently, price is testing the previous green Wave b high at 3375.954. A break and close above this level could strengthen the bullish wave scenario. If Wave 1 is indeed a triangle, Wave 3 may extend strongly, with a potential upside target near 3428.
In the short term, price may be forming Wave 1 within Wave 3, and we are watching two key zones:
3358 – 3355
3390 – 3393
⚠️ If price breaks and closes below 3350, the current wave count will be invalidated, and we will shift to a deeper corrective scenario. I will update accordingly to avoid confusion.
🔍 Momentum Outlook
D1: Momentum is rising, supporting the continuation of Wave 3 into next week.
H4: Still bullish; needs 1–2 more candles to reach the overbought zone.
H1: Currently overbought → possible pullback if price hits the 3390–3393 resistance.
⏱️ Bearish momentum reversal at 3390–3393 → confluence zone for a SELL setup
⏱️ Bullish momentum reversal at 3358–3355 → confluence zone for a BUY setup
🎯 Trading Plan
BUY ZONE: 3358 – 3355
SL: 3348
TP1: 3375 | TP2: 3389
SELL ZONE: 3390 – 3393
SL: 3404
TP1: 3375 | TP2: 3358
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Disclaimer
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👉 Join the channel to receive more scalping signals!
Channel Telegram: t.me/+XkFQ95yHVOEwNDc1
Channel Telegram: t.me/+XkFQ95yHVOEwNDc1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.