Gold(
XAUUSD) moved as I expected in the previous Idea and reached the Resistance zone($3,387-$3,357) and Resistance lines.
Gold is moving near the Resistance lines, Resistance zone($3,387-$3,357), Potential Reversal Zone(PRZ)[$3,384-$3,367] and Time Reversal Zone(TRZ).
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.
In terms of Elliott Wave theory, Gold appears to be completing microwave 5 of Main wave 3, so Main wave 3 could have an extended structure.
I expect Gold to experience at least one correction after entering the PRZ and TRZ, the correction could continue to $3,329. If the Support lines are broken, the next target could be the Support zone($3,280-$3,245).
Note: If Gold touches $3,420, there is a possibility of further pumping and breaking the Resistance zone($3,435-$3,406).
Gold Analyze ( XAUUSD ), 2-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) moved as I expected in the previous Idea and reached the Resistance zone($3,387-$3,357) and Resistance lines.Gold is moving near the Resistance lines, Resistance zone($3,387-$3,357), Potential Reversal Zone(PRZ)[$3,384-$3,367] and Time Reversal Zone(TRZ).
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.
In terms of Elliott Wave theory, Gold appears to be completing microwave 5 of Main wave 3, so Main wave 3 could have an extended structure.
I expect Gold to experience at least one correction after entering the PRZ and TRZ, the correction could continue to $3,329. If the Support lines are broken, the next target could be the Support zone($3,280-$3,245).
Note: If Gold touches $3,420, there is a possibility of further pumping and breaking the Resistance zone($3,435-$3,406).
Gold Analyze ( XAUUSD ), 2-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 when Gold entred to PRZ and TRZTrade closed: target reached
Target Done
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🎁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
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.