ELLIOTT WAVE & MOMENTUM ANALYSIS: XAUUSD (APRIL 28, 2026)GoldOANDA:XAUUSDWavePoint_FX 1. Momentum Analysis The market is compressing and preparing for a period of high volatility due to potential synchronization between lower timeframes: – D1 Timeframe: Momentum lines are currently "tangled," indicating that buying pressure has not yet emerged to trigger a bullish reversal. However, the current downward move has reached its 8th candle (a Fibonacci number), suggesting a high probability of a strong breakout or reversal today. – H4 Timeframe: Currently showing signs of a bullish reversal. If confirmed, price action is expected to sustain a recovery for approximately 3–5 H4 candles. – H1 Timeframe: Currently in the oversold zone with a high probability of a bullish reversal. Notably, this reversal aligns with the H4 signal, providing an ideal opportunity to scout for Buy setups. 2. Elliott Wave Structure – Daily Timeframe (D1): Compression Before Volatility – The overall $abcde$ structure remains largely unchanged. – While "tangled" momentum suggests the downtrend could persist, the Fibonacci candle count (8th candle) indicates imminent volatility. We should monitor price action closely today and tomorrow for confirmation. – 4-Hour Timeframe (H4): Descending Triangle Pattern – Price is compressing within a triangle with lower highs. The support base near 4670 is a critical pivot point for a potential breakout. – Key Scenario: If H4 momentum rises into the overbought zone without a clear breakout (failing to create new higher highs), it likely confirms the start of a sharp decline to complete Wave Y. – 1-Hour Timeframe (H1): Liquidity Targets – Momentum is oversold and preparing to reverse. Two key liquidity zones are identified below at 4656 and 4645. These are the primary areas to look for Buy orders in alignment with H4 momentum. 3. Trading Plan Strategy (Buy Zone): Strategy (Buy Zone): Buy Zone: 4643 – 4646 Stop Loss (SL): 4621 Take Profit (TP): TP1: 4693 TP2: 4706 TP3: 4725