Elliott Wave Analysis – XAUUSD 14/9/2026GoldOANDA:XAUUSDWavePoint_FX D1 Timeframe D1 momentum is currently still showing signs of turning bullish, but the bullish reversal has not yet been fully confirmed. We need to wait for Monday’s candle close to gain further confirmation. Pay attention to Friday’s candle. Although it was a bullish candle, price closed below 50% of the candle’s total range. This shows that selling pressure is still relatively strong. Therefore, we cannot yet confirm that the bullish move has truly started, and we need to wait for the first trading session of the week for additional confirmation. On Monday, pay close attention to the upper and lower boundaries of the FVG. These areas often act as strong support zones if price retraces back into them. H4 Timeframe H4 momentum is turning bearish, so there is a possibility that the bearish move on H4 may continue. However, we still need to wait for the market to open to get further confirmation. Pay attention to the developing structure of lower highs and lower lows. With the current bearish move in H4 momentum, if price fails to create a new low, there is a possibility that a bullish move aligned with D1 momentum will begin to develop. On the other hand, if price creates a new low, this will provide further confirmation of the bearish trend. In that case, the 4259 area could become a liquidity zone that attracts price. H1 Timeframe With the current overlapping wave structure on H1, wave labeling would be subjective and may not be accurate. Therefore, at this stage, we will rely more on momentum and liquidity to determine the next direction of price. H4 momentum is turning bearish, while H1 momentum is turning bullish. Therefore, if H1 momentum continues rising into the overbought zone and then turns bearish in alignment with H4 momentum, while price rallies into the OB around 4403, this could provide a good opportunity to look for a sell setup. On the other hand, if price drops sharply after the market opens, we should avoid chasing sells. Instead, we can wait for price to approach the 4259 area, while H4 momentum moves into the oversold zone, and then look for a potential buy setup.