Gold(
XAUUSD) touched $3,223 as I expected in the previous idea(Full Target).
Gold has managed to break the Resistance zone($3,308-$3,293) and is trying to break the Resistance lines and complete the pullback.
In terms of Elliott wave theory, it seems that Gold is completing microwave 4, which could act as a pullback to the broken Resistance zone($3,308-$3,293). After the completion of microwave 4, we should expect Gold to attack the Resistance lines to complete microwave 5.
I expect Gold to rise to at least $3,232, and if the Resistance zone($3,387-$3,357) breaks, we can expect further gains.
Note: If Gold touches $2,272 (the worst Stop Loss(SL)), we can expect further declines.
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) touched $3,223 as I expected in the previous idea(Full Target).Gold has managed to break the Resistance zone($3,308-$3,293) and is trying to break the Resistance lines and complete the pullback.
In terms of Elliott wave theory, it seems that Gold is completing microwave 4, which could act as a pullback to the broken Resistance zone($3,308-$3,293). After the completion of microwave 4, we should expect Gold to attack the Resistance lines to complete microwave 5.
I expect Gold to rise to at least $3,232, and if the Resistance zone($3,387-$3,357) breaks, we can expect further gains.
Note: If Gold touches $2,272 (the worst Stop Loss(SL)), we can expect further declines.
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 lines.Trade closed: target reached
Full Target Done
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Disclaimer
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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.