🏃♂️Gold is moving in the 🟡Potential Reversal Zone(PRZ)($2,320-$2,280)🟡 and near the upper line of the Ascending Channel.
🌊According to the Elliott wave theory, Gold seems to have succeeded in completing main wave 5.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
🔔I expect Gold to have a downward trend in the coming hours and at least decrease to the Support line and Uptrend line.
Gold Analyze ( XAUUSD ), 4-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 Elliott wave theory, Gold seems to have succeeded in completing main wave 5.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
🔔I expect Gold to have a downward trend in the coming hours and at least decrease to the Support line and Uptrend line.
Gold Analyze ( XAUUSD ), 4-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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🎁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.