Gold Analysis==>>Falling Soon!!!
Updated
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As I expected, Gold(
XAUUSD) reached the upper area of the Resistance zone($2,642-$2,620).
Gold is moving in the Resistance zone($2,642-$2,620), near the 50_EMA(Daily). (It has also succeeded in breaking the Uptrend line).
According to the theory of Elliott waves, it seems that Gold has successfully completed the Double Three Correction(WXY) in the Ascending Channel.
Also, Regular Divergence(RD-) between Consecutive Peaks.
I expect Gold to attack the lower line of the ascending channel AFTER breaking the Support line.
⚠️Note: If Gold breaks the 50_EMA(Daily) and Resistance zone($2,642-$2,620), we should expect Gold to rise further.⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put 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.
As I expected, Gold(
XAUUSD) reached the upper area of the Resistance zone($2,642-$2,620).Gold is moving in the Resistance zone($2,642-$2,620), near the 50_EMA(Daily). (It has also succeeded in breaking the Uptrend line).
According to the theory of Elliott waves, it seems that Gold has successfully completed the Double Three Correction(WXY) in the Ascending Channel.
Also, Regular Divergence(RD-) between Consecutive Peaks.
I expect Gold to attack the lower line of the ascending channel AFTER breaking the Support line.
⚠️Note: If Gold breaks the 50_EMA(Daily) and Resistance zone($2,642-$2,620), we should expect Gold to rise further.⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put 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.
Trade active
Trade was activated after breaking the support line(as I mentioned in the text).Trade closed: target reached
This analysis gave you a chance to Take Profit(TP) twice:
1- After breaking the support line
2- After completing the pullback
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