Gold(
XAUUSD) is still moving in the Support zone($3,350-$3,326) and near the Monthly Pivot Point.
In terms of Elliott wave theory, it seems that Gold has managed to complete the Zigzag Correction(ABC/5-3-5), and we should wait for the rising waves.
Also, we can see the Regular Divergence(RD+) between Consecutive Valleys.
I expect Gold to rise to at least $3,371 AFTER breaking the Resistance lines.
Second Target: $3,394
Third Target: $3,407
Note: Stop Loss (SL) = $3,317
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) is still moving in the Support zone($3,350-$3,326) and near the Monthly Pivot Point. In terms of Elliott wave theory, it seems that Gold has managed to complete the Zigzag Correction(ABC/5-3-5), and we should wait for the rising waves.
Also, we can see the Regular Divergence(RD+) between Consecutive Valleys.
I expect Gold to rise to at least $3,371 AFTER breaking the Resistance lines.
Second Target: $3,394
Third Target: $3,407
Note: Stop Loss (SL) = $3,317
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
Trade was activatedTrade closed: stop reached
Stop loss was touched
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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
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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.