As I expected in the previous post, Gold started its correction from the Potential Reversal Zone(PRZ).
Gold has already managed to break the lower line of the ascending channel.
Also, Sell Signal is created by EMA(100) and SMA(100).
I expect Gold to continue to correct and, at least, fall to the Targets I have outlined on the chart.
Note: We should wait for the Gold pump if Gold can break the Resistance zone($2,501-$2,493) and Downtrend line.
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.
Gold has already managed to break the lower line of the ascending channel.
Also, Sell Signal is created by EMA(100) and SMA(100).
I expect Gold to continue to correct and, at least, fall to the Targets I have outlined on the chart.
Note: We should wait for the Gold pump if Gold can break the Resistance zone($2,501-$2,493) and Downtrend line.
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.
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The odds of the Fed cutting interest rates by 0.5% at its September monetary policy meeting rose to 33% after Fed Chair Powell's comments, with markets pricing in a roughly 1% cut by the end of the year.Possible movement of gold in the next few hours.
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