Key Points
- Gold has rebounded from the chart’s 3,895.52 low.
- The hourly chart projects blue wave c upward toward purple wave (iv).
- The projected rise remains incomplete.
XAU/USD Rate: Gold was quoted at 3,928.80 at 10:24 a.m. New York time.
XAU/USD Analysis
The rebound keeps the corrective path toward purple wave (iv) in play. The London-session outlook’s blue-wave-c projection anticipated this recovery after blue wave b; the current chart now labels the low at 3,895.52 and draws blue wave c higher. The quote is 20.91 above the earlier report’s 3,907.89. The arrow remains a forecast: the chart does not show the projected advance as complete or print a precise endpoint.
Technical Analysis for November 3, 2026
- Wave structure: Blue a–b–c within purple (iv); blue c projected upward.
- Sell confirmation: 3,895.52, as labeled on the chart.
Trader’s Question: Has blue wave c completed?
Answer: No. The blue arrow shows a projected path. The chart’s latest quote remains below the projected destination near purple (iv).
