# Elliott Wave Analysis for Silver and Gold

> Silver closed below Elliott Wave invalidation level, signaling potential gold decline.
- Title: Elliott Wave Analysis for Silver and Gold · TradingView
- Summary: Silver closed below Elliott Wave invalidation level, signaling potential gold decline. Silver's price drop below Elliott Wave invalidation level suggests…
- Keywords: elliott wave, xagusd, xauusd, silver, gold, corrective structure, bullish order block, bearish order block, business, finance, Elliott, Wave
- Source: TradingView — https://tradingview.com/chart/XAGUSD/sNQU9sqz-Elliott-Wave-Analysis-XAUUSD-October-26-2026
- Published: 2026-10-25T03:39:40+00:00
- Read time: 1 min
- Topics: elliott wave, xagusd, xauusd, silver, gold, corrective structure, bullish order block, bearish order block, business, finance
## Elliott Wave Structure Analysis
Silver closed below Elliott Wave invalidation level confirming larger corrective structure remains in progress.
## Current Gold Price Action
Gold is likely to continue declining and form new low next week due to strong bearish candle closing the week.
## Elliott Wave Count
Current decline represents Wave Y within blue WXY corrective structure part of larger Wave Y black correction.
## D2 Momentum Analysis
D2 momentum suggests 1-2 candles to reach oversold territory before potential short-term daily low.
## Key Fibonacci Targets
3863 Fibonacci target below major liquidity low at 3900 may provide buy setup with bullish reversal confirmation.
## Deeper Decline Scenario
Price breaking below 3863 target could lead to decline toward bullish order block at 3400 for buy opportunities.
## Bullish Recovery Scenario
Gold recovery could trigger sell setups at nearest bearish order blocks 4118 or 4284 with overbought signals.
## Key takeaway

Silver's price drop below Elliott Wave invalidation level suggests gold may form new low next week.