Elliott Wave analysis on AUD/USD, SPX500 and Gold [Video]

AUD/USD

The pair is currently in a consolidation phase, consistent with the development of a Wave 4.

This type of structure often creates opportunities to identify trend reversals and position for a potential Wave 5 advance.

What to watch: Confirmation of the reversal in a support area.

Suggested approach: Wait for validation before entering.

Objective: Capitalize on the impulsive move with controlled risk.

SPX500

The index maintains a bullish bias within its broader wave structure.

The key focus is on completing Wave 2, a typical area where low-risk/high-reward setups tend to emerge.

Key factor: Patience to allow the correction to run its course.

Potential scenario: If Wave 3 confirms, an upside expansion could continue.

Gold (XAU/USD)

Gold continues to show structural strength.

Wave projections suggest there is still room for the market to aim for new highs, with extended targets at higher levels.

Primary zone of interest: Moderate pullbacks to look for buy setups.

Context: Favorable environment for safe-haven assets and institutional flows.

Elliott Wave takeaway

A combined reading of these markets through an Elliott Wave lens allows traders to:

Identify zones where probability favors strategic entries.

Operate with greater clarity by knowing where the risks and opportunities are.

Avoid impulsive decisions and focus on structured, high-quality setups.

This week’s video goes deeper into each scenario, visually outlining the key levels, alternative views, and confirmation steps to support informed decision-making.

Recommendation: Watch the full analysis before trading, take notes, and update scenarios as market conditions evolve.