Live Tuesday, October 28, 2025

Elliott Waves for gold, EURUSD, Cable, USDCHF, .....

Gold has formed a double bottom.

So it's a BUY.
But buy only.

Don't forget the stop-loss.

GOLD is still wave C
Oops. I just learned that gold is still in wave C. Sorry everyone. Newbie in Elliott Wave here.

Zigzag Correction

Wave C usually equals Wave A in length, or sometimes extends to 1.618 × Wave A.
That means:
Minimum target: same length as A
Maximum common target: 1.618 × A
Wave C must go beyond the end of Wave A (it must make a new low if it’s a downward correction).

Typical Fibonacci relationships:
C = A
C = 1.272 × A
C = 1.618 × A
----------------------------------------------------------------------------------------------
Wave A start: $4381.64
Wave A end: $4004.22

So the length of Wave A is
4381.64 − 4004.22 = 377.42

Now, Wave C’s possible end depends on the correction type and its Fibonacci relationship to Wave A.
If it’s a Zigzag (common case)

Wave C ≈ Wave A to 1.618 × Wave A
C target range=4004.22−(377.42×1.0 to 1.618)

Equal A: 4004.22 − 377.42 = 3626.80
1.618 × A: 4004.22 − (377.42 × 1.618 = 610.15) = 3394.07

So Wave C could end around $3627 to $3394.