{"id":15481,"date":"2025-09-24T21:10:25","date_gmt":"2025-09-24T21:10:25","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&#038;p=15481"},"modified":"2025-09-24T21:10:27","modified_gmt":"2025-09-24T21:10:27","slug":"golds-recent-high-is-diverging","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/it\/education\/market-insights\/elliott-wave\/golds-recent-high-is-diverging\/","title":{"rendered":"Gold\u2019s Recent High is Diverging (Elliott Wave)"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Executive Summary<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Trend Bias:<\/strong> Gold (XAUUSD) has been rallying higher in wave 3 of (5) after a triangle break.<\/li>\n\n\n\n<li><strong>Key Levels:<\/strong> Support zones to watch include <strong>$3,608<\/strong>.<\/li>\n\n\n\n<li>Watch for 5 waves to unfold to the upside.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Current Elliott Wave Analysis<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"610\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/09\/XAUUSD_2025-09-24_15-47-59-1024x610.png\" alt=\"\" class=\"wp-image-15482\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/09\/XAUUSD_2025-09-24_15-47-59-1024x610.png 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/09\/XAUUSD_2025-09-24_15-47-59-300x179.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/09\/XAUUSD_2025-09-24_15-47-59-768x457.png 768w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/09\/XAUUSD_2025-09-24_15-47-59.png 1527w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Gold has continued its strong rally and appears to be wave 3 of (5). It is possible that wave 3 is topping soon as <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/the-rsi-divergence-explained\/\">RSI divergence<\/a> is appearing. If this is correct, then wave 4 of (5) would be a minor dip to $3,608 &#8211; $3,678.<\/p>\n\n\n\n<p>This price zone is a typical decline in <a href=\"https:\/\/alchemymarkets.com\/education\/guides\/elliott-wave-theory\/\">Elliott wave<\/a> for wave 4 when wave 3 is extended. The zone is generated by using the <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/fibonacci-retracement\/\">Fibonacci retracement tool<\/a> and mapping off 23.6 to 38.2%.<\/p>\n\n\n\n<p>For most of Q2 2025, gold marched sideways in an <a href=\"https:\/\/alchemymarkets.com\/education\/strategies\/ascending-triangle-pattern\/\">ascending triangle<\/a> that ended on July 30 that then led to this rally.<\/p>\n\n\n\n<p>There is an alternate count we are considering. If gold declines below $3,608, then yesterday\u2019s high could be wave B of a larger triangle pattern. This would imply a decline to near $3,300 in choppy fashion. The triangle would drag on for another 6-9 months leading into Q2 2026.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Bottom Line<\/strong><\/h2>\n\n\n\n<p>Gold appears to be near the end of wave 3 of (5). If correct, then a decline in wave 4 would be temporary and possibly reach <a href=\"https:\/\/alchemymarkets.com\/education\/guides\/support-and-resistance\/\">support<\/a> $3,608. Once wave 4 is complete, then a retest to new all-time highs in wave 5.<\/p>\n\n\n\n<p>If gold keeps accelerating higher, then wave 3 is extending higher.<\/p>\n\n\n\n<p>If gold falls below $3,608, then we\u2019ll consider an alternative count that implies a much larger scale triangle pattern in the works.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold (XAUUSD) is rallying in wave 3. After a brief decline in wave 4, then gold likely rallies to new highs. View key levels to watch now.<\/p>\n","protected":false},"author":160,"featured_media":15485,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[16],"class_list":["post-15481","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-elliott-wave"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gold\u2019s Recent High is Diverging (Elliott Wave) - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"Gold (XAUUSD) is rallying in wave 3. After a brief decline in wave 4, then gold likely rallies to new highs. 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After a brief decline in wave 4, then gold likely rallies to new highs. View key levels to watch now.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/alchemymarkets.com\/it\/education\/market-insights\/elliott-wave\/golds-recent-high-is-diverging\/","og_locale":"it_IT","og_type":"article","og_title":"Gold\u2019s Recent High is Diverging (Elliott Wave) - Alchemy Markets","og_description":"Gold (XAUUSD) is rallying in wave 3. After a brief decline in wave 4, then gold likely rallies to new highs. 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