As I expected in my previous post, Gold(
XAUUSD) finally touched Potential Reversal Zone(PRZ)[$3,018-$3,000](of course with a lot of volatility).
From Elliott Wave theory, Gold appears to have completed the main wave 3 and is currently completing the main wave 4. The main wave 4 is likely to end near the Support lines and Potential Reversal Zone(PRZ)[$2,967-$2,955].
I expect Gold to attack Potential Reversal Zone(PRZ)[$3,018-$3,000] at least once more after completing the main wave 4.
Can Gold make a new All-Time High(ATH) or Correction?
Note: There is also a possibility that the main wave 5 is a truncated wave because in PRZ we have the $3,000 round number.
Note: If Gold falls below $2,940, we can expect further declines.
Gold Analyze ( XAUUSD ), 1-hour 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) finally touched Potential Reversal Zone(PRZ)[$3,018-$3,000](of course with a lot of volatility).From Elliott Wave theory, Gold appears to have completed the main wave 3 and is currently completing the main wave 4. The main wave 4 is likely to end near the Support lines and Potential Reversal Zone(PRZ)[$2,967-$2,955].
I expect Gold to attack Potential Reversal Zone(PRZ)[$3,018-$3,000] at least once more after completing the main wave 4.
Can Gold make a new All-Time High(ATH) or Correction?
Note: There is also a possibility that the main wave 5 is a truncated wave because in PRZ we have the $3,000 round number.
Note: If Gold falls below $2,940, we can expect further declines.
Gold Analyze ( XAUUSD ), 1-hour 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.
Order cancelled
The position did not touch the Potential Reversal Zone(PRZ)[$2,967-$2,955], but GOLD increased as I expected, but this position was canceled, I stick to my entry and exit points.
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👑Real & Accurcy Free & VIP Signals👉 t.me/ProTrader_365
🎁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
Related publications
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.