Gold Analysis==>>Correction!!!
Updated
Gold moved as I expected✅ in the previous post.
In this post, I also use the Bollinger Bands Indicator, it seems that Gold reacts well to the lines of this indicator. So as long as Gold reacts to these lines, you can use this indicator.
Gold is currently moving in the Resistance zone($2,686-$2,670) and managed to break the Uptrend line.
According to the theory of Elliott waves, gold seems to have completed wave 5.
The Gold chart shows three Regular Divergences(-RDs). One of the most reliable is the Regular Divergence(RD-) in Bollinger Bands Indicator (Divergence sell signals mostly form at the end of an upward trend, where the price chart forms a peak above the Bollinger upper band and another peak after, below the upper band.)
I expect Gold to drop to at least $2,652 after breaking the Support line.
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 1-hour 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.
In this post, I also use the Bollinger Bands Indicator, it seems that Gold reacts well to the lines of this indicator. So as long as Gold reacts to these lines, you can use this indicator.
Gold is currently moving in the Resistance zone($2,686-$2,670) and managed to break the Uptrend line.
According to the theory of Elliott waves, gold seems to have completed wave 5.
The Gold chart shows three Regular Divergences(-RDs). One of the most reliable is the Regular Divergence(RD-) in Bollinger Bands Indicator (Divergence sell signals mostly form at the end of an upward trend, where the price chart forms a peak above the Bollinger upper band and another peak after, below the upper band.)
I expect Gold to drop to at least $2,652 after breaking the Support line.
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 1-hour 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
Trade was activatedTrade active
I increased the size of the short position.
Structure of new waves.
Trade closed: stop reached
I will try to update is soon.
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🎁Signup for 30% Commission Futures Fees and 25% Bonus.👉
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