Elliott Wave Analysis XAUUSD – March 18, 2026GoldOANDA:XAUUSDWavePoint_FX Momentum D1 D1 momentum has not yet confirmed a bullish reversal, although it is currently in the oversold zone. → We need to wait for today’s candle close for confirmation. However: – The fact that D1 momentum remains in the oversold zone suggests that the downside is limited – A momentum reversal is likely to occur today or tomorrow → Objective: form at least a daily bottom H4 H4 momentum is currently in the oversold zone and starting to show signs of reversing upward → High probability of a short-term bounce or sideways movement on H4 → Confirmation comes when H4 momentum clearly turns bullish H1 H1 momentum is also in the oversold zone and preparing to reverse upward → In the short term, a bullish bounce may occur → Or price may continue to move sideways before a clearer direction forms Wave Structure D1 Price is still within wave C – Once D1 momentum reverses upward: → We may see a bounce or sideways movement → Lasting at least a few D1 candles Important note: – Over the past 3 days, D1 candles have had small bodies, indicating weak demand → This suggests a potential liquidity sweep to the downside → Before the market begins a real upward move H4 – Wave Y structure is still in progress – Target zone for wave Y: 4858 – 4875 Additionally: – D1 momentum has not yet confirmed a reversal → There is still a possibility of another drop toward this target zone to complete the structure Main scenario: – Wait for H4 momentum to reverse upward into the overbought zone – If at that time price fails to break above 5052 → This will be a potential sell zone H1 – Price is currently moving within a horizontal channel (sideway range) – This channel represents the current consolidation phase At the moment: – Both H4 and H1 are in the oversold zone → High probability that the market will form a bottom near the lower boundary of the channel However: – The target zone 4858 – 4875 has not yet been reached – The current structure may only be a corrective wave → Therefore: We do not rush to buy → Instead, we wait for H4 to reach the overbought zone to look for sell opportunities in line with the main trend Trading Plan Sell Zone: 5045 – 5047 SL: 5065 TP1: 5000 TP2: 4955 TP3: 4857