Gold Analysis==>>Contracting Triangle!!!
Updated
Gold(
XAUUSD) is moving in the Resistance zone($2,688-$2,666).
According to the Elliott wave theory, Gold has successfully completed microwave 4 with the help of a Contracting Triangle and is currently completing main wave 5.
I expect Gold to go up at least as far as the Potential Reversal Zone(PRZ)[$2,679-$2,675] and the upper line of Bollinger Band and then correct.
Note: In previous posts, I told you that the Bollinger Bands indicator works well for gold in the 1-hour time frame.
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put 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) is moving in the Resistance zone($2,688-$2,666).According to the Elliott wave theory, Gold has successfully completed microwave 4 with the help of a Contracting Triangle and is currently completing main wave 5.
I expect Gold to go up at least as far as the Potential Reversal Zone(PRZ)[$2,679-$2,675] and the upper line of Bollinger Band and then correct.
Note: In previous posts, I told you that the Bollinger Bands indicator works well for gold in the 1-hour time frame.
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put 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
After Pullback to the upper line of the triangle.Trade closed: target reached
My target Done, I am waiting for correction now.
👑Real & Accurcy Free & VIP Signals👉 t.me/ProTrader_365
📚Contact & Learning Technical Analysis 👉t.me/Ad_ProTrader365
🎁Signup for 30% Commission Futures Fees and 25% Bonus.👉
lbank.one/join/uu1DKdN
📚Contact & Learning Technical Analysis 👉t.me/Ad_ProTrader365
🎁Signup for 30% Commission Futures Fees and 25% Bonus.👉
lbank.one/join/uu1DKdN
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.