Gold Spot / U.S. Dollar
Long
Updated

Gold Rebound Underway – Support Zone Holds Strong! - Short term

2 783
Gold(XAUUSD), as I anticipated in the previous idea, has attacked the Support zone($3,281-$3,243) and Support lines.

From an Elliott Wave theory perspective, it appears that Gold has completed 5 sub-waves of the main wave C.

Also, we can see the Regular Divergence(RD+) between Consecutive Valleys.

I expect Gold to rise to at least $3,307 in the coming hours.

Second Target: $3,321

Note: Stop Loss (SL) = $3,240

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.

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Trade active
Trade was activated near the Support zone($3,281-$3,243)
Trade closed: target reached
snapshot

Full Target Done

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