technicaltrading

XAU (Gold) Technical Analysis: Consolidation Holds, Bullish Potential Intact
After the recent rally, XAU price has stabilized above its key micro support, signaling a healthy consolidation phase rather than a trend reversal. The recent pullback has been shallow, suggesting that selling pressure remains limited and that bullish momentum is still in control.
The overall structure remains intact, pointing to a potential continuation of the uptrend, with room for another upward impulse if technical conditions confirm.
Key Observations:
Critical Micro SupportThe price is holding consistently above this support, which acts as a pivotal level for the next directional move.Any retest of this zone will reveal whether buyers are ready to push for another leg higher.Shallow RetracementThe pullback did not breach major Fibonacci retracement levels, indicating strong buyer dominance.Such minor corrections are healthy, allowing the market to absorb liquidity and consolidate the base for the next rally.Trend StructureDespite the current sideways action, the bullish wave structure remains intact, keeping the medium-term uptrend scenario valid.A decisive break above resistance with accompanying volume would signal a confirmed breakout and pave the way for further gains.Outlook & ScenariosBullish case: Continuation of the uptrend with another push toward higher resistance zones, supported by momentum and strong market participation.Cautious case: Extended consolidation or repeated tests of micro support before resuming the upward trajectory.Proper risk management remains crucial due to gold’s volatility and sensitivity to macroeconomic events.Conclusion:

Gold ($XAU) is holding a strong position above micro support, suggesting that buyers retain control. The shallow retracement after the recent rally indicates that another upward move is possible, with the key confirmation coming from a breakout above resistance with solid volume.

Following the recent upward impulse, XAG price is holding steady above the micro support level, signaling a healthy consolidation after the rally. This retracement has been relatively shallow, indicating that selling pressure was insufficient to compromise the existing bullish structure.
The overall structure remains intact, suggesting that the market may be preparing for the potential continuation of wave 5 according to Elliott Wave principles. This leaves room for another upward push if the technical conditions align.
Key Observations:
Micro Support Level▪️The price has consistently held above this support, making it a critical zone for the next move.▪️A repeated test of this support will likely reveal the strength of buyers and determine whether the uptrend continues.Shallow RetracementThe recent pullback did not breach key Fibonacci levels, signaling the continuation of buyer dominance.Moderate retracements are healthy, allowing liquidity absorption and base consolidation for the next upward phase. Overall Trend Structure Despite current consolidation, impulsive waves and successive support levels remain intact, preserving the scenario of a medium-term bullish trend.▪️A decisive break above the current resistance, ideally supported by volume, will confirm a sustainable breakout.Outlook and Scenarios▪️Bullish scenario: Continuation of wave 5, extending towards higher resistance zones, fueled by positive momentum and increased liquidity.▪️Cautious scenario: Prolonged consolidation or repeated micro support tests before resuming the upward impulse.▪️Risk management is essential due to the inherent volatility of the silver market. #GoldSilverRally #XAGAnalysis #TechnicalTrading 🎯Conclusion:$XAG is in a delicate but favorable position for buyers. The shallow retracement following the rally and the steady hold above micro support indicate potential for further upside, with another push before a major consolidation phase. However, technical confirmation via a breakout with strong volume will be key to validating this scenario.$XAG $XAU

$SOL

Advanced Wave Analysis for Binance Square Traders
🌀 Elliott Wave Structure – What’s Unfolding?

Solana (SOL/USDT) is currently developing a clean corrective wave sequence, and the Elliott Wave count is unfolding with precision on the current timeframe.

We’re mid-way through a complex corrective move, and price action continues to follow textbook wave behavior — offering smart traders a roadmap into what’s next.

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🧠 Current Wave Count Breakdown

The recent move up from the local low has formed a 5-wave impulse (labeled in yellow).

Wave 3: Already completed.

Wave 4: Currently forming a classic A-B-C flat correction.

Wave 5: Expected to follow next, completing wave (C) of (A).

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🔁 What Comes After?

Once this 5-wave impulse completes, we anticipate:

1. A retracement forming wave (B) of the broader corrective structure.

2. A final push up into the green target zone, completing wave (C) of (B).

After this corrective phase wraps up, a larger 5-wave decline is expected — marking the completion of the macro Elliott structure.

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✅ Validity & Wave Rules

The current count remains valid as long as the core Elliott Wave rules are respected, including:

Wave 4 does not enter the territory of Wave 1.

Wave 3 is never the shortest among Waves 1, 3, and 5.

Proper A-B-C formation in the corrective waves.

These wave conditions give this analysis high confidence for active Elliott Wave traders.

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🔭 Key Takeaway

SOL/USDT is mid-cycle in a sophisticated Elliott correction. This offers both:

Short-term bullish opportunities (completion of Wave 5)

Mid-term bearish preparation (macro Wave C downtrend)

Patience and precision are key — ride the waves, don’t fight them.

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#Solana #SOLUSDT #ElliottWave #CryptoAnalysis #TechnicalTrading #BinanceSquareFamily