Elliott Wave Analysis XAUUSD 24/3/2026GoldOANDA:XAUUSDWavePoint_FX Momentum – D1 momentum is still “compressed” with no clear reversal signal → This means the downtrend may continue, but a reversal can happen at any time – H4 momentum is decreasing → Price may continue to decline or move sideways until H4 reaches the oversold zone – H1 momentum is increasing → In the short term, price may continue to rise or move sideways until H1 reaches the overbought zone Wave Structure – On D1: Price has reached the target where WA = WC as analyzed previously → This is a strong reaction zone with high volatility → A rejection candle has appeared, showing selling pressure at this level → However, D1 momentum has not confirmed a reversal → This warns of possible sideways movement or further downside → If today closes with a bullish candle → It will confirm a bullish shift in D1 momentum → Then we can expect at least a short-term uptrend for a few days – On H4: → A stronger recovery compared to previous pullbacks → This is an early signal of a structural change → Potentially Wave 3 has ended and Wave 4 has begun → Characteristics of Wave 4: sideways, developing horizontally → Fibo 0.382 of Wave 3 around 4500 is the first target → Second target: 4730 – On H1: → The first upward move may be Wave 1 or Wave A → The current decline may be Wave 2 or Wave B → Potential completion zone for this decline: 4282 → This is a key area to look for Buy opportunities → Characteristics of Wave 4: – Sideways, complex structures (flat, triangle, …) – Price overlap is common → Therefore, prioritize scalp trading in this phase Trading Plan Buy Zone: 4284 – 4282 SL: 4257 TP1: 4316 TP2: 4500