Gold(
XAUUSD) has been on a strong uptrend in recent weeks, creating a new All-Time High(ATH) almost every day. Will a new ATH be created after $3,500 in the coming days? What do you think?
Gold is moving between the Resistance zone($3,386-$3,357) and Support zone($3,282-$3,245).
In terms of Elliott Wave theory, it seems that Gold has started to form Corrective Waves after recording the latest ATH. Gold is completing a Zigzag Correction wave (ABC/5-3-5) (most likely).
I expect Gold to start declining again after approaching the Resistance zone($3,386-$3,357) and attack the Support lines and Support zone($3,282-$3,245). It seems like Gold needs a correction, do you agree with me!? In the worst-case scenario for my analysis, Gold starts falling from the resistance zone($3,431-$3,406).
Note: If Gold can move above $3,440, we can expect more pumps and maybe make na ew All-Time High(ATH).
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) has been on a strong uptrend in recent weeks, creating a new All-Time High(ATH) almost every day. Will a new ATH be created after $3,500 in the coming days? What do you think?Gold is moving between the Resistance zone($3,386-$3,357) and Support zone($3,282-$3,245).
In terms of Elliott Wave theory, it seems that Gold has started to form Corrective Waves after recording the latest ATH. Gold is completing a Zigzag Correction wave (ABC/5-3-5) (most likely).
I expect Gold to start declining again after approaching the Resistance zone($3,386-$3,357) and attack the Support lines and Support zone($3,282-$3,245). It seems like Gold needs a correction, do you agree with me!? In the worst-case scenario for my analysis, Gold starts falling from the resistance zone($3,431-$3,406).
Note: If Gold can move above $3,440, we can expect more pumps and maybe make na ew All-Time High(ATH).
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.
Trade active
Trade was activated in Resistance zone($3,386-$3,357), also Long Position touched target = Resistance zone($3,386-$3,357) Trade closed: target reached
First Target Done
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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.
🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁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
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.