Elliott Wave Analysis – XAUUSD | 13/11/2025GoldOANDA:XAUUSDWavePoint_FX🔸 1. Momentum D1 Timeframe • D1 momentum continues to close inside the overbought zone, signaling weakening buying pressure. • A bearish reversal may occur at any moment. H4 Timeframe • H4 momentum is also in the overbought zone and starting to contract → a potential signal that H4 may soon turn downward. H1 Timeframe • H1 momentum is currently oversold, so a short-term bounce is likely to push momentum back toward the overbought area. ________________________________________ 🔸 2. Wave Structure D1 Structure • No significant change compared to yesterday; price is still heading toward the completion zone of wave X. H4 Structure • Price is inside wave X and currently reaching the 0.618 Fibonacci retracement of wave W (purple). • This area aligns with both D1 and H4 momentum, creating a strong reversal confluence. • We wait for an H4 bearish close to confirm the potential top of wave X. • Note: The current H4 candle is compressing tightly, so one more upward spike is still possible before reversal. H1 Structure • Within the red 5-wave sequence, a smaller 5-wave black structure is developing. • RSI showed a bearish divergence at the top of wave 3 (black) → early signal of a wave 5 top forming. • Based on wave projections, wave 5 black (which also completes wave 5 red and wave X) may extend into: o 4223 (0.382 Fibo of wave 1–3) o 4248 (0.618 Fibo of wave 1–3) Confluence for wave-top formation: • RSI divergence between wave 3 and wave 5 • H1 momentum rising into overbought then reversing → This supports the expectation of wave X topping around these zones. ________________________________________ 🔸 3. Trading Plan You have three entry options, depending on your trading style: ✅ 1. Sell Limit: 4223 – 4225 • SL: 4233 • TP1: 4181 • TP2: 4145 • TP3: 4046 ✅ 2. Sell Limit: 4248 – 4250 • SL: 4260 • TP1: 4181 • TP2: 4145 • TP3: 4046 ✅ 3. Sell Stop at 4181 • Trigger only when the candle closes below 4181 (wave 4 black low). • This method offers stronger confirmation, since structure breaks down before entry. ________________________________________ 📌 Summary • Wave X is approaching its final target area and multiple signals support a potential top. • H1 may still push higher toward 4223–4248 before reversing. • These two zones are strong sell areas with momentum and divergence confluence. • All three entry methods (limit – limit – breakout) provide strategic options depending on risk preference.