🏃♂️Gold is moving near the 🟡Potential Reversal Zone(PRZ)($2,210-$2,197)🟡 and has reacted well to this zone.
🌊According to the Elliott wave theory, the Double Three Correction(WXY) seems to have been completed.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
🔔I expect Gold to drop to at least one of the 🎯Targets🎯 I've outlined on the chart after breaking the Support 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.
🌊According to the Elliott wave theory, the Double Three Correction(WXY) seems to have been completed.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
🔔I expect Gold to drop to at least one of the 🎯Targets🎯 I've outlined on the chart after breaking the Support 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.
Note
It seems that gold is forming an ascending channel. If I find a suitable trigger, I will open a short position on the upper line.Order cancelled
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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.