Gold(
XAUUSD) fell to the Support zone($3,280-$3,240) as I posted yesterday (Full Target).
Gold started to rise again after making a Fake Break below the Support lines.
Gold is trading above the Resistance zone($3,330-$3,320).
In terms of Elliott Wave theory, it seems that Bitcoin completed the main wave C with the help of the Ending Diagonal.
Educational note: The Ending Diagonal in Classic Technical Analysis is the Falling Wedge Pattern.
I expect Gold to resume its bullish trend, at least for the short term, and to at least $3,356.
Note: If Gold breaks the Support lines with high volume, we can expect further declines.
Note: Worst Stop Loss(SL) = $3,031
Gold Analyze ( XAUUSD ), 15-minute time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAUUSD) fell to the Support zone($3,280-$3,240) as I posted yesterday (Full Target). Gold started to rise again after making a Fake Break below the Support lines.
Gold is trading above the Resistance zone($3,330-$3,320).
In terms of Elliott Wave theory, it seems that Bitcoin completed the main wave C with the help of the Ending Diagonal.
Educational note: The Ending Diagonal in Classic Technical Analysis is the Falling Wedge Pattern.
I expect Gold to resume its bullish trend, at least for the short term, and to at least $3,356.
Note: If Gold breaks the Support lines with high volume, we can expect further declines.
Note: Worst Stop Loss(SL) = $3,031
Gold Analyze ( XAUUSD ), 15-minute time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Note
Note: Worst Stop Loss(SL) = $3,301 = The main text incorrectly stated $3,031.Trade closed: stop reached
The United States has dropped its tariffs on Chinese goods to 30%, down from a brutal 145%, while China is slashing its own duties on US imports to just 10%, temporarily, for the next 90 days.After this news, Gold began to decline as a safe-haven asset, and US stock indexes(like the SPX500 Index) began to pump as the news was announced.
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🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.