Mochamad Briend Mega Bayu Angkasa / Profilo

The 4H XAUUSD chart illustrates a completed five-wave impulsive structure followed by a classic ABC corrective pattern, consistent with Elliott Wave Theory. The initial impulse (waves 1 through 5) reflects strong bullish momentum likely driven by escalating inflation concerns and persistent geopolitical tensions that spurred safe-haven demand for gold. Post wave 5, a corrective decline unfolded in a downward-sloping channel forming waves A, B, and C, signaling temporary profit-taking and consolidation as markets priced in expectations of a potential Fed pause. The correction completed at wave C, setting the stage for a new bullish impulse where wave 1 initiated the reversal, wave 2 provided a shallow retracement, and the market has now progressed through wave 3 with wave 4 forming a minor pullback. We anticipate the final wave 5 to target the prior resistance zone near as fundamental support grows from recent weak U.S. macro data and increasing speculation around rate cuts, adding fuel to renewed bullish sentiment in gold.

The USD/CHF pair has continued its bearish momentum, currently trading near 0.8230 as shown on the daily chart, which aligns with the completion of a Wave (4) corrective structure under the Elliott Wave principle. The technical setup indicates that the market is now preparing for the final Wave (5) leg to the downside, suggesting further weakness toward the 0.8000 or possibly 0.7800 levels. This move is being supported by a broader bearish impulse sequence, despite the upbeat US Non-Farm Payroll (NFP) data for April. Interestingly, the US Dollar failed to gain traction from the strong employment report, likely due to market reactions to President Trump’s public pressure on the Federal Reserve to lower interest rates via Truth Social. Meanwhile, investors are now eyeing the upcoming Swiss Consumer Price Index (CPI) data scheduled for Monday, which could further impact the Swiss Franc's strength and drive the next leg of this anticipated downward wave.

Technically, Gold (XAUUSD) has completed a classic 5-wave impulse followed by an ABC corrective structure within a well-defined falling wedge—a strong bullish reversal pattern. The recent breakout above the wedge and the key support-turned-resistance zone around 3280 confirms bullish momentum, targeting 3400 and beyond. Fundamentally, increasing geopolitical tensions and dovish signals from the Fed are supporting gold as a safe haven, with expectations of rate cuts adding further upside pressure. As long as price holds above the breakout zone, buyers remain in control.

#DXY 🇺🇸

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EURGBP has respected the 50% Fibonacci retracement level, pulling back into a key support zone that previously acted as resistance—now a classic case of resistance-turned-support. The pair appears to have completed an impulsive Wave 3 and is currently in a Wave 4 correction, finding stability at a critical structural level. As long as the price holds above this zone, the probability of a bullish continuation remains high, setting the stage for the final push towards Wave 5. This level will be crucial for confirmation, and a sustained move above it could trigger the next leg higher in line with the Elliott Wave structure.

EURCHF has staged a strong rebound off the key support zone, signaling a clear shift in momentum as buyers regain control. The clean break above minor resistance confirms bullish intent, and the subsequent retest has held firmly—strengthening the case for continuation. With this structure, the pair is now set to challenge the higher-timeframe supply zone, where the last significant sell-off began. As long as the retest remains intact, the path of least resistance is to the upside, and we anticipate a measured move toward the upper resistance zone in the coming sessions.

Gold is currently in a corrective phase, and the decline appears to be unfolding as Wave (4), with the price still holding above the termination point of Wave (1)—preserving the integrity of the impulsive wave structure. As long as this non-overlap condition remains intact, the wave count is technically valid. Given the sharp and swift nature of Wave (2), we can reasonably anticipate a more complex and time-consuming correction in Wave (4), possibly taking the form of a triangle or a sideways flat. The current structure is still developing, and forcing early conclusions would be premature. In such phases, patience is not just a virtue—it’s a trading edge. The key now is to wait for confirmation through price action and structure, rather than reacting emotionally to short-term moves. I continue to monitor the chart closely and will adjust bias the moment clarity emerges.

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USDCAD remains confined within a well-defined descending channel, and price action suggests that wave C has likely been completed. With the market positioned near the channel's lower boundary, the probability of a corrective recovery toward the descending resistance is increasing. While early signs of a reversal are emerging, more reliable confirmation will likely develop closer to the key support zone. A sustained move above intraday structure levels would further validate the recovery scenario, offering higher-probability trade setups in line with channel dynamics.

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Gold (XAUUSD) staged a sharp recovery near $3,335 after a two-day corrective decline from the $3,500 high, with renewed bullish momentum sparked by Trump’s fresh comments on reinstating reciprocal tariffs against China. This geopolitical trigger reintroduces risk-off sentiment, fueling safe-haven demand as traders reprice the probability of trade tensions flaring up in the next few weeks. Technically, gold is holding above key support and could be setting up for a continuation move toward $3,400–$3,450 if momentum sustains. A clean break above $3,360 would confirm bullish re-engagement, while $3,300 remains the short-term line in the sand for buyers.

#EURUSD 🇪🇺🇺🇸

👉🏻 #EURUSD is in correction mode after a clear impulse wave.

👉🏻 Remember: Corrections are essential! They set the stage for the next big move. Plan carefully now to catch the upcoming impulse!

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GBPUSD has exhibited a textbook rejection from a key resistance zone, confirming the completion of the impulsive Wave 5 structure. This marks the beginning of a classic Elliott Wave ABC corrective phase, with price action now shifting in favor of the bears. The sharp rejection from the highs reinforces the bearish narrative, suggesting a move toward the horizontal support area is highly probable. Momentum is tilting downward, and as long as the recent high holds, the pair remains under bearish pressure, offering potential short setups on lower timeframes.

CHFJPY has shown a decisive rejection from the key resistance zone, initiating a strong bearish impulse that signals a shift in market sentiment. The momentum suggests a clear move toward the horizontal support level, with the structure favoring continued downside after a corrective pullback. As per market dynamics, every impulse is typically followed by a correction, which we anticipate unfolding soon—potentially offering a textbook opportunity to re-enter short positions on a retest of minor resistance. The bearish pressure remains intact, and unless the structure shifts, the path of least resistance is firmly to the downside.

Many investors and analysts are speculating whether gold (XAUUSD) will hit $5,000 per ounce in the future, driven by concerns over global debt, inflation, central bank money printing, and geopolitical instability. Big names like Jim Rickards and Peter Schiff believe a major economic shift could push gold to new highs, while others see $3,000–$3,500 as a more realistic target. Central banks are steadily increasing their gold reserves, fueling long-term bullish sentiment, but strong USD or high interest rates may slow the rally. $5,000 is possible — but it may take a global financial reset to get there.

#EURUSD 🇪🇺🇺🇸

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Before Time Price Predicted pair Will drop Towards the Bottom End Support

Gold Next Possible Bullish Continuation

#GBPUSD 🇬🇧🇺🇸

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