{"id":16470,"date":"2025-11-03T15:49:37","date_gmt":"2025-11-03T15:49:37","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&#038;p=16470"},"modified":"2025-11-03T15:49:39","modified_gmt":"2025-11-03T15:49:39","slug":"gold-price-losing-weight","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/it\/education\/market-insights\/elliott-wave\/gold-price-losing-weight\/","title":{"rendered":"Gold Price Losing Weight Prior to Next Rally [Gold 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 is declining in a corrective wave.<br><\/li>\n\n\n\n<li><strong>Current Action<\/strong>: A decline to <strong>$3,782 &#8211; $3,797<\/strong> and possibly lower levels appears as the higher probability trend.<br><\/li>\n\n\n\n<li><strong>Key Level<\/strong>: A print above <strong>$4,139<\/strong> suggests the first part or all of the decline is likely over.<br><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Current Elliott Wave Analysis<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"570\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/11\/XAUUSD_2025-11-03_09-38-19-1024x570.png\" alt=\"\" class=\"wp-image-16471\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/11\/XAUUSD_2025-11-03_09-38-19-1024x570.png 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/11\/XAUUSD_2025-11-03_09-38-19-300x167.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/11\/XAUUSD_2025-11-03_09-38-19-768x427.png 768w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/11\/XAUUSD_2025-11-03_09-38-19-1536x854.png 1536w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/11\/XAUUSD_2025-11-03_09-38-19.png 1634w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The current Elliott wave chart of Gold shows an incomplete downward double zigzag pattern. A double zigzag is two <a href=\"https:\/\/alchemymarkets.com\/education\/guides\/elliott-wave-theory\/\">Elliott wave zigzags<\/a> with the first ZZ labeled as W and the second ZZ labeled as Y. They are interrupted by an X wave <a href=\"https:\/\/alchemymarkets.com\/education\/strategies\/symmetrical-triangle-pattern\/\">symmetrical triangle<\/a>.<\/p>\n\n\n\n<p>It appears the rally from late October is wave ((b)) of Y. This implies one more decline in wave ((c)) of Y to be the final leg of the double zigzag pattern.<\/p>\n\n\n\n<p>Wave ((b)) could rally a little higher, to around <strong>$4,081<\/strong>, but it doesn\u2019t have to.&nbsp;<\/p>\n\n\n\n<p>Once wave ((b)) finalizes and wave ((c)) is likely to carry down to <strong>$3,782 &#8211; $3,797<\/strong>.<\/p>\n\n\n\n<p>These levels are represented by a couple of different <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/fibonacci-extensions\/\">Fibonacci extension<\/a> wave relationships.<\/p>\n\n\n\n<p>In the bigger picture, this decline that began in October is viewed as part of a larger wave 4 correction. Therefore, after another dip we will anticipate a medium-term low to develop.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bottom Line<\/h2>\n\n\n\n<p>Gold prices appear more than halfway through a corrective wave 4 decline. We suspect gold prices will find another short term top below $4,139, then decline to around <strong>$3,782 &#8211; $3,797<\/strong>.<\/p>\n\n\n\n<p>If gold prices push above <strong>$4,139<\/strong>, then we\u2019ll consider an alternative scenario of a medium-term bottom last week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Gold Elliott wave count hints the shiny metal may be in the middle stages of a double zigzag price decline. Read more for key levels inside.<\/p>\n","protected":false},"author":160,"featured_media":16474,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[16],"class_list":["post-16470","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 Price Losing Weight Prior to Next Rally [Gold Elliott Wave] - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"The Gold Elliott wave count hints the shiny metal may be in the middle stages of a double zigzag price decline. 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