In this technical blog, we will look at the past performance of the Daily Elliott Wave Charts of Gold. In which, the rally from all time low is unfolding as impulse sequence & showed a higher high sequence therefore, called for an extension higher to take place. We knew that the structure in XAUUSD should remain supported & extend higher. So, we advised members not to sell the metal & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:
Gold Daily Elliott Wave Chart From 3.21.2026
Here’s the Daily Elliott wave Chart from the 3.21.2026 Weekend update. In which, the high to $5598.75 completed the rally from September 2022 lows & made a pullback lower. The internals of that pullback unfolded as Elliott wave zigzag correction where wave a ended at $4402.06 low. Then a rally to $5419.32 high-ended wave b bounce. Then started the next leg lower in wave c towards $4230.96- $3496.04 blue box area. From there, buyers were expected to appear looking for new highs ideally or for a 3-wave bounce minimum.
Gold Latest Daily Elliott Wave Chart From 4.04.2026
This is the latest Daily Elliott wave Chart from the 4.04.2026 Weekend update. In which the XAUUSD is showing a strong reaction higher taking place, right after ending the correction within the blue box area. Allowed members to create a risk-free position shortly after taking the long position at the blue box area. However, a break above $5598.75 high is needed to confirm the next extension higher & avoid deeper pullback. It’s important to note that with more data, we were able to adjust the corrective pattern into double three structure.