Gold(
XAUUSD) is moving near the Resistance zone($2,896-$2,878).
According to the theory of Elliott waves, Gold seems to have succeeded in completing microwave 5.
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.
I expect Gold to go down at least pivot points after breaking the Uptrend line, and in the next stage, the Support zone($2,845-$2,830) can be the next target.
Note: If Gold can go over the Resistance zone($2,896-$2,878), we can expect more pumps.
Gold Analyze ( XAUUSD ), 15-minute 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) is moving near the Resistance zone($2,896-$2,878).According to the theory of Elliott waves, Gold seems to have succeeded in completing microwave 5.
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.
I expect Gold to go down at least pivot points after breaking the Uptrend line, and in the next stage, the Support zone($2,845-$2,830) can be the next target.
Note: If Gold can go over the Resistance zone($2,896-$2,878), we can expect more pumps.
Gold Analyze ( XAUUSD ), 15-minute 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 closed: stop reached
Be sure to pay attention to the Notes, right after the break of the Resistance zone($2,896-$2,878), you could have used the Long position, but I will finish this analysis with Stop Loss.
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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.