Gold(
XAUUSD) is currently moving near the Support zone($3,350-$3,326) and the Monthly Pivot Point.
In terms of Elliott Wave theory, it seems that Gold is completing a corrective wave, and we should wait for the next impulse wave.
I expect Gold to start rising from the Support zone($3,350-$3,326) and rise to at least $3,393.
Second Target: $3,407
Third Target: $3,427
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 currently moving near the Support zone($3,350-$3,326) and the Monthly Pivot Point.In terms of Elliott Wave theory, it seems that Gold is completing a corrective wave, and we should wait for the next impulse wave.
I expect Gold to start rising from the Support zone($3,350-$3,326) and rise to at least $3,393.
Second Target: $3,407
Third Target: $3,427
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
US CPI Data Released
Core CPI m/m: 0.3% (exp 0.3%)
CPI m/m: 0.2% (exp 0.2%)
CPI y/y: 2.7% (exp 2.8%)
Yearly CPI lower → slightly bearish USD, potential short-term boost for Gold
I think it is good to open a long position considering the position of gold, which is in the Support zone($3,350-$3,326) and near $3,333. Considering the Stop Loss=$3,317.
As I mentioned in my previous posts, $3,333 is a key level for Gold.
The first upside target for now could be around $3,374.
Note
I transferred my Stop Loss(SL) to Entry point(EP)= Risk Free.Trade closed manually
Risk Free 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
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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.