Gold(
XAUUSD ) entered the Potential Reversal Zone(PRZ)[$2,800-$2,745], as I expected in the previous post. (The Long position is closed.)
Gold is moving near the Upper lines of Ascending Channels.
According to Elliott's wave theory, Gold is completing microwave 5 of microwave 5 of main wave 5. So we have to wait for the CORRECTION.
Also, Regular Divergence(RD-) between Consecutive Peaks.
I expect Gold to decline to at least the lower line of the ascending channel(Big) and the Support zone($2,686-$2,666) after breaking the lower line of the ascending channel(Small).
⚠️Note: If Gold can form a 4-hour candle above $2,800, we should expect gold to increase and pump again.⚠️
🔔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.
Gold is moving near the Upper lines of Ascending Channels.
According to Elliott's wave theory, Gold is completing microwave 5 of microwave 5 of main wave 5. So we have to wait for the CORRECTION.
Also, Regular Divergence(RD-) between Consecutive Peaks.
I expect Gold to decline to at least the lower line of the ascending channel(Big) and the Support zone($2,686-$2,666) after breaking the lower line of the ascending channel(Small).
⚠️Note: If Gold can form a 4-hour candle above $2,800, we should expect gold to increase and pump again.⚠️
🔔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 closed: target reached
First Target DoneNote
The scenario can change if Gold goes over $2761, but correction is still possible.🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
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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.
🎁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.