🏃♂️Gold is moving in a 🔴Heavy Resistance zone($2,075_$2,035)🔴.
🌊According to the theory of Elliott waves, it seems that Gold managed to complete one of the corrective waves near the 🔴Resistance zone($2,010.40_$2,046.70)🔴.
🌊The correction wave structure is of Zigzag(5-3-5) type, so microwave A had an Expanding Leading Diagonal structure.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
🔔I expect Gold to Fall at least to the 🟢Support zone($2,010_$2,004)🟢.
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.
🌊According to the theory of Elliott waves, it seems that Gold managed to complete one of the corrective waves near the 🔴Resistance zone($2,010.40_$2,046.70)🔴.
🌊The correction wave structure is of Zigzag(5-3-5) type, so microwave A had an Expanding Leading Diagonal structure.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
🔔I expect Gold to Fall at least to the 🟢Support zone($2,010_$2,004)🟢.
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
🚨XAUUSD🔴Position: Short
✅Entry Point: 2042.365 USD (Limit Order)
⛔️Stop Loss: 2053.200 USD
💰Take Profits:
🎯2010.191 USD
RR=2.97
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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.