USD/CAD

USD/CAD

Elliott Wave Forecast: Gold Nears Major Turn as 2025 Market Cycles Converge

Elliott Wave analysis of gold as of Dec 1, 2025, indicates the metal is likely nearing completion of a five-wave impulse pattern, suggesting a potential corrective phase ahead. Key retracement levels to watch are $1,925, $1,855, and possibly $1,780. Traders should prepare for increased volatility amid shifting momentum. Insights by EWM Interactive.

USD/CAD

Elliott Wave Perspective Suggests Gold May Have Peaked in December 2025 Before a Major Decline

Gold Price Analysis Through Elliott Wave Lens: December 2025 Outlook

EWM Interactive’s Elliott Wave study, enriched with further technical insights, signals that gold’s November 2025 rally to $2049 likely completed a corrective A-B-C zigzag rather than heralding a new bullish impulse. The $2049 high aligns with a 61.8% Fibonacci retracement of the prior downtrend from $2081 to $1614. Divergences in RSI and subdued volume suggest bearish momentum fading.

Looking ahead to 2026, Elliott Wave principles anticipate a five-wave impulsive decline as wave (C) unfolds, implying a substantial correction before any sustainable recovery. Traders should watch for confirmation signals and remain cautious amid ongoing macro uncertainties, including inflation dynamics and geopolitical risk.

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