{"id":23488,"date":"2026-03-09T21:00:11","date_gmt":"2026-03-09T21:00:11","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&#038;p=23488"},"modified":"2026-03-09T21:01:22","modified_gmt":"2026-03-09T21:01:22","slug":"gold-stumbles-from-recent-highs","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/elliott-wave\/gold-stumbles-from-recent-highs\/","title":{"rendered":"Gold Stumbles From Recent Highs (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) appears to be in the beginning stages of wave <strong>((c)) lower<\/strong>.<\/li>\n\n\n\n<li><strong>Key Levels:<\/strong> Slight bounce to <strong>$5,258<\/strong> possible, but bearish down to <strong>$4,402<\/strong>.<\/li>\n\n\n\n<li>Bearish view while price holds below <strong>$5,410<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p>Gold has trended higher since finding a low on February 2. The conflict in the middle east hasn\u2019t appeared to move gold higher. As we\u2019ll see, the pattern has developed into a bearish structure.<\/p>\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=\"617\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/03\/XAUUSD_2026-03-09_15-53-47-1024x617.png\" alt=\"\" class=\"wp-image-23489\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/03\/XAUUSD_2026-03-09_15-53-47-1024x617.png 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/03\/XAUUSD_2026-03-09_15-53-47-300x181.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/03\/XAUUSD_2026-03-09_15-53-47-768x463.png 768w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/03\/XAUUSD_2026-03-09_15-53-47-1536x926.png 1536w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/03\/XAUUSD_2026-03-09_15-53-47.png 1578w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Gold has been in rally mode since finding a low on February 2. The rally has taken the structure of a corrective bounce in <a href=\"https:\/\/alchemymarkets.com\/education\/guides\/elliott-wave-theory\/\">Elliott wave<\/a> terms. This means the rally is likely to be retraced in the coming months.<\/p>\n\n\n\n<p>The current Elliott wave count we are following is that wave ((b)) of a larger zigzag decline topped on March 2. Next, would be a decline in wave ((c)) of the zigzag.<\/p>\n\n\n\n<p>We know from our Elliott wave studies that C-waves tend to be 5-wave motive structures, unless it is the C-wave of a triangle. We can\u2019t say for sure if this is a triangle, so I\u2019m leaning towards this structure as a larger bearish zigzag.<\/p>\n\n\n\n<p>It appears wave (i) of ((c)) is complete and the sideways range since March 3 is wave (ii).<\/p>\n\n\n\n<p>Gold prices may bump slightly higher to $5258, the 61.8% <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/fibonacci-retracement\/\">Fibonacci retracement<\/a> of wave (i), but it doesn\u2019t have to.<\/p>\n\n\n\n<p>Once wave (ii) exhausts, the wave (iii) would push gold lower to retest $4,400 and possibly lower levels.<\/p>\n\n\n\n<p>Our <a href=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/golds-rebound-may-be-temporary\/\">previous forecast on February 3<\/a> essentially worked out, though the rally was slightly higher than anticipated. The top end of our forecasted rally was $5,316 and gold prices reached $5,419.<\/p>\n\n\n\n<p>The next decline for gold should be more aggressive as it would be a third wave or C-wave.<\/p>\n\n\n\n<p><strong>Bottom Line<\/strong><\/p>\n\n\n\n<p>Gold appears to be declining in wave ((c)) of a larger bearish zigzag. Though a near-term bounce to $5258 cannot be ruled out, the larger trend appears to be pointed lower to retest <a href=\"https:\/\/alchemymarkets.com\/education\/guides\/support-and-resistance\/\">support <\/a>at $4,402.<\/p>\n\n\n\n<p>If gold prices rally above $5,419, then we\u2019ll reconsider alternative wave counts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold (XAUUSD) is declining in the beginning stages of wave C.. After a brief bump higher, the gold price may resume a sell off. View key levels to watch now.<\/p>\n","protected":false},"author":160,"featured_media":23495,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[16],"class_list":["post-23488","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 Stumbles From Recent Highs (Elliott Wave) - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"Gold Elliott wave (XAUUSD) is declining in the beginning stages of wave C.. After a brief bump higher, the gold price may resume a sell off. View key levels to watch now.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/elliott-wave\/gold-stumbles-from-recent-highs\/\" \/>\n<meta property=\"og:locale\" content=\"sv_SE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold Stumbles From Recent Highs (Elliott Wave) - Alchemy Markets\" \/>\n<meta property=\"og:description\" content=\"Gold Elliott wave (XAUUSD) is declining in the beginning stages of wave C.. After a brief bump higher, the gold price may resume a sell off. View key levels to watch now.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/gold-stumbles-from-recent-highs\/\" \/>\n<meta property=\"og:site_name\" content=\"Alchemy Markets\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-09T21:01:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/03\/gold-featured-image-march-9-2026.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1536\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Ber\u00e4knad l\u00e4stid\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minuter\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Gold Stumbles From Recent Highs (Elliott Wave) - Alchemy Markets","description":"Gold Elliott wave (XAUUSD) is declining in the beginning stages of wave C.. After a brief bump higher, the gold price may resume a sell off. 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\/sv\/education\/market-insights\/elliott-wave\/gold-stumbles-from-recent-highs\/","og_locale":"sv_SE","og_type":"article","og_title":"Gold Stumbles From Recent Highs (Elliott Wave) - Alchemy Markets","og_description":"Gold Elliott wave (XAUUSD) is declining in the beginning stages of wave C.. After a brief bump higher, the gold price may resume a sell off. View key levels to watch now.","og_url":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/gold-stumbles-from-recent-highs\/","og_site_name":"Alchemy Markets","article_modified_time":"2026-03-09T21:01:22+00:00","og_image":[{"width":1536,"height":1024,"url":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/03\/gold-featured-image-march-9-2026.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Ber\u00e4knad l\u00e4stid":"2 minuter"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/gold-stumbles-from-recent-highs\/","url":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/gold-stumbles-from-recent-highs\/","name":"Gold Stumbles From Recent Highs (Elliott Wave) - Alchemy Markets","isPartOf":{"@id":"https:\/\/alchemymarkets.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/gold-stumbles-from-recent-highs\/#primaryimage"},"image":{"@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/gold-stumbles-from-recent-highs\/#primaryimage"},"thumbnailUrl":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/03\/gold-featured-image-march-9-2026.png","datePublished":"2026-03-09T21:00:11+00:00","dateModified":"2026-03-09T21:01:22+00:00","description":"Gold Elliott wave (XAUUSD) is declining in the beginning stages of wave C.. After a brief bump higher, the gold price may resume a sell off. View key levels to watch now.","breadcrumb":{"@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/gold-stumbles-from-recent-highs\/#breadcrumb"},"inLanguage":"sv-SE","potentialAction":[{"@type":"ReadAction","target":["https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/gold-stumbles-from-recent-highs\/"]}]},{"@type":"ImageObject","inLanguage":"sv-SE","@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/gold-stumbles-from-recent-highs\/#primaryimage","url":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/03\/gold-featured-image-march-9-2026.png","contentUrl":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/03\/gold-featured-image-march-9-2026.png","width":1536,"height":1024},{"@type":"BreadcrumbList","@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/gold-stumbles-from-recent-highs\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/alchemymarkets.com\/"},{"@type":"ListItem","position":2,"name":"Market Insights","item":"https:\/\/alchemymarkets.com\/education\/market-insights\/"},{"@type":"ListItem","position":3,"name":"Gold Stumbles From Recent Highs (Elliott Wave)"}]},{"@type":"WebSite","@id":"https:\/\/alchemymarkets.com\/#website","url":"https:\/\/alchemymarkets.com\/","name":"Alchemy Markets","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/alchemymarkets.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"sv-SE"}]}},"_links":{"self":[{"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/market_insights\/23488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/market_insights"}],"about":[{"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/types\/market_insights"}],"author":[{"embeddable":true,"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/users\/160"}],"replies":[{"embeddable":true,"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/comments?post=23488"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/media\/23495"}],"wp:attachment":[{"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/media?parent=23488"}],"wp:term":[{"taxonomy":"market_insights_categories","embeddable":true,"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/market_insights_categories?post=23488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}