Elliott Wave Analysis XAUUSD – April 13, 2026GoldOANDA:XAUUSDWavePoint_FX Momentum – D1 momentum is decreasing → High probability that the market may continue to decline or move sideways for 3–5 days – H4 momentum is decreasing → Price may continue to decline or move sideways → Until H4 momentum reaches the oversold zone – H1 momentum is increasing → The current bullish move may continue or move sideways → Until H1 momentum reaches the overbought zone Elliott Wave Structure On D1 – There is an abnormal sign: → Price has not broken above 5007, but the duration of movement is longer compared to previous waves of Wave C → This suggests: • Wave C may have already completed • The market could be transitioning into: – Wave D – Or Wave 1 of a new bullish triangle structure → Plan: – Continue monitoring D1 momentum – Once D1 reaches the oversold zone, the price movement will help determine the most probable scenario On H4 – The current structure could be a triangle abcde (blue) → Price has: • Broken below the lower boundary of the triangle • Completed Wave e → Next scenario: – Price is likely to continue declining – At least until D1 momentum reaches the oversold zone → Volume Profile: – Strong liquidity zone at 4752 (resistance) → This is the key area to watch for sell opportunities On H1 – H1 momentum is increasing – The current bullish move has formed 4 candles → Expectation: – The 5th candle is unlikely to break above 4752 → If this condition holds: – We can look for sell opportunities around this zone – When H1 momentum reaches overbought and shows signs of weakening Trading Plan Sell Zone: 4751 – 4753 Stop Loss: 4777 Take Profit 1: 4672 Take Profit 2: 4583 Take Profit 3: 4359