Gold(
XAUUSD) started to rise as I expected in the previous idea and created a new All-Time High(ATH) as usual. How long do you think the upward trend of Gold will continue!? (Please give your reasons for the rise, I would appreciate it.)
Gold is trading near the Potential Reversal Zone(PRZ)[$3,416-$3,353] and trying to break the Uptrend line.
In terms of Elliott Wave theory, it appears that Gold has completed another 5-wave impulsive.
Signs of the completion of the main wave 5 can be the presence of Regular Divergence(RD-) between Consecutive Peaks, and the break of the Uptrend line (validly).
I expect Gold to fall to $3,227 in the coming hours.
Note: If Gold can move above $3,420, we can expect more pumps.
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 rise as I expected in the previous idea and created a new All-Time High(ATH) as usual. How long do you think the upward trend of Gold will continue!? (Please give your reasons for the rise, I would appreciate it.)Gold is trading near the Potential Reversal Zone(PRZ)[$3,416-$3,353] and trying to break the Uptrend line.
In terms of Elliott Wave theory, it appears that Gold has completed another 5-wave impulsive.
Signs of the completion of the main wave 5 can be the presence of Regular Divergence(RD-) between Consecutive Peaks, and the break of the Uptrend line (validly).
I expect Gold to fall to $3,227 in the coming hours.
Note: If Gold can move above $3,420, we can expect more pumps.
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
The position was activated before the market was closed, and in PULLBACK.Trade closed: stop reached
Definitely bullish :) Due to fundamentals :)
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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.