Gold(
XAUUSD) failed to touch the Potential Reversal Zone(PRZ)[$3,393-$3,379] in the previous idea, and I took the position at $3,351 = Risk-free.
Gold is moving in the Resistance zone($3,366-$3,394) and has managed to break the lower line of the ascending channel.
In terms of Elliott Wave theory, with the break of the lower line of the ascending channel, it seems that gold has completed the Zigzag correction(ABC/5-3-5).
I expect Gold to trend downward in the coming hours and succeed in breaking the Support zone($3,350-$3,325) and attacking the Support line again, and probably succeeding in breaking this line this time.
Note: Stop Loss (SL) = $3,396
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) failed to touch the Potential Reversal Zone(PRZ)[$3,393-$3,379] in the previous idea, and I took the position at $3,351 = Risk-free.Gold is moving in the Resistance zone($3,366-$3,394) and has managed to break the lower line of the ascending channel.
In terms of Elliott Wave theory, with the break of the lower line of the ascending channel, it seems that gold has completed the Zigzag correction(ABC/5-3-5).
I expect Gold to trend downward in the coming hours and succeed in breaking the Support zone($3,350-$3,325) and attacking the Support line again, and probably succeeding in breaking this line this time.
Note: Stop Loss (SL) = $3,396
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
Position was activated Trade closed: target reached
First Target Done
Whispers in the White House: Trump Eyes Powell’s Firing
Sources say Donald Trump, in a private meeting with Republican lawmakers, asked whether it’s time to fire Federal Reserve Chair Jerome Powell. Some attendees reportedly supported the idea, and Trump hinted at moving forward with the decision.
This comes as the White House’s crypto-friendly bill, backed by Trump, has stalled in Congress due to Republican opposition.
Legally, the Fed chair can only be removed for “cause.” But Trump is reportedly exploring legal options to justify the move—a step that could shake financial markets and trigger immediate legal battles.
You can see Gold's reaction to Trump's words in the one-hour candle on the chart.
Note
Powell's firing denied. Financial markets have been moving like a ROLLER COASTER for the past hour now.
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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
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🎁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.