Gold(
XAUUSD) started to correct again from the Potential Reversal Zone(PRZ)[$3,307-$3,253] and near the Resistance lines. The question is, can Gold create a new All-Time High(ATH) again?
In terms of Elliott waves, Gold appears to be completing a main wave 4. This main wave 4 is likely to complete near the Support lines and Support zone($3,168-$3,133).
I expect Gold to either rise again after breaking the Resistance zone($3,220-$3,211) or near the Support zone($3,168-$3,133) and Support lines.
Do you think Gold can create a new All-Time High(ATH) again?
Note: If Gold breaks the Support zone($3,168-$3,133), we should expect a further correction from Gold.
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) started to correct again from the Potential Reversal Zone(PRZ)[$3,307-$3,253] and near the Resistance lines. The question is, can Gold create a new All-Time High(ATH) again?In terms of Elliott waves, Gold appears to be completing a main wave 4. This main wave 4 is likely to complete near the Support lines and Support zone($3,168-$3,133).
I expect Gold to either rise again after breaking the Resistance zone($3,220-$3,211) or near the Support zone($3,168-$3,133) and Support lines.
Do you think Gold can create a new All-Time High(ATH) again?
Note: If Gold breaks the Support zone($3,168-$3,133), we should expect a further correction from Gold.
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 after breaking the Resistance zone($3,220-$3,211).Trade 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.