Gold | One More Wave or the Beginning of a Bullish Reversal?
DollarLong15 minutes agoGold | One More Wave or the Beginning of a Bullish Reversal?1Grab this chartGrab this chart1135XAUUSD | 4H Elliott Wave UpdateAccording to the higher-degree wave count, Wave IV is still expected to be in progress. From an Elliott Wave perspective, the current structure may be developing a Leading Diagonal as the final part of Wave A. However, additional price action is still required before the pattern can be considered complete.In the aggressive scenario, if Waves 1, 3, and 5 of the diagonal are all impulsive, the internal structure should follow the 5-3-5-3-5 formula.
- ▪DollarLong15 minutes agoGold | One More Wave or the Beginning of a Bullish Reversal?1Grab this chartGrab this chart1135XAUUSD | 4H Elliott Wave UpdateAccording to the higher-degree wave count, Wave IV is still expected to be in progress.
- ▪From an Elliott Wave perspective, the current structure may be developing a Leading Diagonal as the final part of Wave A.
- ▪However, additional price action is still required before the pattern can be considered complete.In the aggressive scenario, if Waves 1, 3, and 5 of the diagonal are all impulsive, the internal structure should follow the 5-3-5-3-5 formula.
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| Original publisher | TradingView Ideas |
| Canonical URL | https://www.tradingview.com/chart/XAUUSD/ZigQDldV-Gold-One-More-Wave-or-the-Beginning-of-a-Bullish-Reversal/ |
| Publication time | Fri, 24 Jul 2026 13:47:17 +0000 |
| Retrieval time | 2026-07-24T13:52:39.305Z |
| Last seen | 2026-07-24T13:52:50.181Z |
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Opening excerpt (first ~120 words) tap to expand
Gold Spot / U.S. DollarLong15 minutes agoGold | One More Wave or the Beginning of a Bullish Reversal?1Grab this chartGrab this chart1135XAUUSD | 4H Elliott Wave UpdateAccording to the higher-degree wave count, Wave IV is still expected to be in progress. From an Elliott Wave perspective, the current structure may be developing a Leading Diagonal as the final part of Wave A. However, additional price action is still required before the pattern can be considered complete.In the aggressive scenario, if Waves 1, 3, and 5 of the diagonal are all impulsive, the internal structure should follow the 5-3-5-3-5 formula.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at TradingView Ideas.
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