2026-01-06 18:43:30

Gold Technical Analysis: Elliott Wave Perspective

According to Elliott Wave theory, gold is currently at a critical juncture. The bullish and bearish disagreements are intensifying, and the possibility of a short-term correction is increasing. This is a typical characteristic of the correction phase—after completing an upward wave, a technical correction usually follows.

The key question is: will there be a deeper pullback next? Based on wave structure and support levels, it remains possible. Market participants should closely monitor trading volume and the performance of key moving averages, as these often provide early signals.

Short-term volatility is inevitable, and the medium-term trend still requires observation for further breakout patterns.

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tx_pending_forever

· 10h ago

Wave theory is back again. Every time, it's about key levels. And then? --- Support levels, support levels. Tired of hearing it. Might as well just go all in. --- The volume moving average system feels like it's been overused. --- A pullback is just a pullback. No one can precisely say how much it will retrace. --- Mid-term trend observation sounds like waiting for the wind to come. --- Bull-bear disagreement? Honestly, no one really knows which way it will go. --- Elliott wave sounds very professional, but why do I still feel confused when I look at the charts? --- Time to watch the market again. When will this day end? --- The term "breakout" sounds a bit like making a vow. --- Key levels, key issues. The keywords are used way too critically.

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BankruptcyArtist

· 01-06 19:13

It's another wave theory, another support level, and it gives me a headache haha It's the same old set—wave theory, support levels, trading volume—can we make money with this daily routine? Found the reason for the bankruptcy, all are looking at these The key is how to catch the bottom? Don't just talk about oscillation I just want to know, where should I retreat to this time to buy the dip? Wave theory, if you get it right, you're a genius; if you get it wrong, no one will hold you accountable What about the details? What's the support level? Just give me a number Drawing wave charts again? Alright, this time I’ll trust you.

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SingleForYears

· 01-06 19:00

Wave theory talks a lot of big talk, but isn't it just about chasing gains and selling losses? Still obsessing over support levels, how are the people who listened to this last year doing now? This rhythm in gold feels like it's testing patience. To be honest, I never trust moving averages; it's all just gambling anyway. Key levels are always there, only a ghost can judge them accurately.

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screenshot_gains

· 01-06 18:48

Wave theory is back again, claiming key levels every time haha --- It's another correction phase. I'm tired of hearing this explanation --- Trading volume has long since dried up. What signals are you talking about? --- Mid-term observation? Why not just say I don't know --- How many times has the support level been broken? Still talking nonsense --- If gold really retraces deeply this time, I'll be laughing --- Moving average signals? I find indicators more often deceptive --- Short-term volatility, long-term view, emm the eternal all-purpose reason

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WalletInspector

· 01-06 18:46

Wave theory is back again, always talking about key levels, but there are so many key levels. A pullback is just a pullback, anyway I already set my stop-loss. Volume and moving averages? After looking at so many technical indicators, it's still just gambling on luck. Waiting for a breakout pattern... that might be in the Year of the Monkey or the Horse.

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