{"id":7769,"date":"2025-01-14T21:35:16","date_gmt":"2025-01-14T21:35:16","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&#038;p=7769"},"modified":"2025-05-12T12:25:15","modified_gmt":"2025-05-12T12:25:15","slug":"gold-wave-4-takes-center-stage","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/elliott-wave\/gold-wave-4-takes-center-stage\/","title":{"rendered":"Gold Elliott Wave: Wave 4 Takes Center Stage"},"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 <strong>completed Wave 3<\/strong> and is now undergoing a <strong>Wave 4 correction<\/strong>.<\/li>\n\n\n\n<li><strong>Key Levels:<\/strong> Support zones to watch include <strong>$2,300 <\/strong>and <strong>$2,400 (previous 4th wave)<\/strong>.<\/li>\n\n\n\n<li><strong>Alternate Count:<\/strong> A potential <strong>triangle formation<\/strong> in Wave 4 (red labels) could lead to a shallower consolidation before Wave 5 resumes.<\/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\">Current Elliott Wave Analysis<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"677\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/Gold-first-XAUUSD_2025-01-14_14-55-42-1024x677.png\" alt=\"\" class=\"wp-image-7770\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/Gold-first-XAUUSD_2025-01-14_14-55-42-1024x677.png 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/Gold-first-XAUUSD_2025-01-14_14-55-42-300x198.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/Gold-first-XAUUSD_2025-01-14_14-55-42-768x508.png 768w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/Gold-first-XAUUSD_2025-01-14_14-55-42.png 1335w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Gold\u2019s price action confirms that <strong>Wave 3 has peaked<\/strong>, and a <strong>Wave 4 decline<\/strong> is in progress. <a href=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/gold-cant-catch-break\/\">Back in January<\/a>, after a secondary peak, we forecasted an additional decline that has struggled to take hold. We are anticipating a sharp decline in wave ((c)) of 4 to reach the previous fourth wave low near $2300-$2400.<\/p>\n\n\n\n<p>We are also keeping an eye on an alternate count that calls for a shallower retracement.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Alternate Count (Triangle Scenario)<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"677\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/Gold-second-XAUUSD_2025-01-14_15-01-21-1024x677.png\" alt=\"\" class=\"wp-image-7772\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/Gold-second-XAUUSD_2025-01-14_15-01-21-1024x677.png 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/Gold-second-XAUUSD_2025-01-14_15-01-21-300x198.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/Gold-second-XAUUSD_2025-01-14_15-01-21-768x508.png 768w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/Gold-second-XAUUSD_2025-01-14_15-01-21.png 1335w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The inability of gold prices to break down is hinting that a <a href=\"https:\/\/alchemymarkets.com\/education\/strategies\/symmetrical-triangle-pattern\/\">symmetrical triangle pattern<\/a> may be underway. Therefore, we can present a valid <strong>alternate count<\/strong>, where <strong>Wave ((iv)) is unfolding as a contracting symmetrical triangle<\/strong> (red labels). This scenario implies:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Gold will <strong>trade sideways<\/strong> within a contracting range (labeled <strong>(a)-(b)-(c)-(d)-(e)<\/strong> in red).<\/li>\n\n\n\n<li>A short-term top may develop at or near Friday January 10 highs in wave (d)<\/li>\n\n\n\n<li>Support should hold above the<strong> wave (c) low of $2,583.92<\/strong>, limiting downside potential.<\/li>\n\n\n\n<li>Wave (e) likely declines to near $2630 to finalize the triangle of wave ((iv))&nbsp;<\/li>\n\n\n\n<li>The final <strong>Wave 5 breakout occurs after triangle completion<\/strong>, targeting <strong>above $2,800<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p>This <strong>triangular consolidation<\/strong> would indicate that <strong>selling pressure is fading<\/strong>, setting up the final bullish move.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<h2 class=\"wp-block-heading\">Bottom Line<\/h2>\n\n\n\n<p>Gold is firmly in a <strong>Wave 4 correction<\/strong>, with <strong>support between $2,300 and $2,630<\/strong> acting as key downside targets. If the alternate <strong>triangle count<\/strong> holds, a <strong>sideways consolidation will precede Wave 5<\/strong> rather than a deep correction. Watch for <strong>a decisive break<\/strong> to confirm the <strong>next bullish leg<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p><strong><em>You might also be interested in:&nbsp;<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-alchemy-markets wp-block-embed-alchemy-markets\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"z53e1bIbkC\"><a href=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/gbpusd-leaner-look\/\">Pound\u2019s Leaner Look: Is It Fit to Rebound? [GBP\/USD Elliott Wave]<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Pound\u2019s Leaner Look: Is It Fit to Rebound? [GBP\/USD Elliott Wave]&#8221; &#8212; Alchemy Markets\" src=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/gbpusd-leaner-look\/embed\/#?secret=pHNqOWISyx#?secret=z53e1bIbkC\" data-secret=\"z53e1bIbkC\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold Elliott wave analysis confirms a Wave 4 correction. Will it hit $2,400 or form a triangle prior to wave 5 rally? Key levels to watch.<\/p>\n","protected":false},"author":160,"featured_media":7774,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[16],"class_list":["post-7769","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 Elliott Wave: Wave 4 Takes Center Stage - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"Gold Elliott wave analysis confirms a Wave 4 correction. Will it hit $2,400 or form a triangle prior to wave 5 rally? 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