Gold is moving in the Resistance zone($2,373-$2,354) and Ascending channel.
According to the theory of Elliott waves, it seems that Gold has succeeded in completing the Zigzag correction(ABC/5-3-5).
I expect Gold to attack the Support zone($2,338-$2,318) in the coming hours after breaking the lower line of the ascending channel.
Note: If Gold can break the Resistance zone($2,373-$2,354), scenario will be changed.
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 has succeeded in completing the Zigzag correction(ABC/5-3-5).
I expect Gold to attack the Support zone($2,338-$2,318) in the coming hours after breaking the lower line of the ascending channel.
Note: If Gold can break the Resistance zone($2,373-$2,354), scenario will be changed.
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 closed: target reached
Shadow
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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.