Gold Analysis==>>Rising again==>>Short term!!!
Updated
Gold(
XAUUSD) started to decline from the Resistance zone($2,740-$2,708), as I expected in the ✅previous post✅.
Gold is moving in the Support zone($2,670-$2,653) and near the Potential Reversal Zone(PRZ).
According to Elliott's wave theory, Gold is completing wave 5.
Also, Regular Divergence(RD+) between Consecutive Valleys.
I expect Gold to start rising again from the PRZ and attack the Downtrend line; if it breaks, we can expect further pumps.
⚠️Note: We should expect further decline if Gold breaks the Support zone($2,670-$2,653).⚠️
🔔Be sure to follow the updated ideas.🔔
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.
XAUUSD) started to decline from the Resistance zone($2,740-$2,708), as I expected in the ✅previous post✅.Gold is moving in the Support zone($2,670-$2,653) and near the Potential Reversal Zone(PRZ).
According to Elliott's wave theory, Gold is completing wave 5.
Also, Regular Divergence(RD+) between Consecutive Valleys.
I expect Gold to start rising again from the PRZ and attack the Downtrend line; if it breaks, we can expect further pumps.
⚠️Note: We should expect further decline if Gold breaks the Support zone($2,670-$2,653).⚠️
🔔Be sure to follow the updated ideas.🔔
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.
Trade active
Hammer Candlestick Pattern can be a reversal sign, among other reasons :) It is worth a long position.
If you find another confirmation candle or another trigger in a lower time frame, it can be better.
Trade closed: stop reached
My gold short position touched Stop Loss, but I am waiting for the next long position.
👑Real & Accurcy Free & VIP Signals👉 t.me/ProTrader_365
📚Contact & Learning Technical Analysis 👉t.me/Ad_ProTrader365
📚Contact & Learning Technical Analysis 👉t.me/Ad_ProTrader365
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.