Gold Analysis==>>Second Attack!!!
Gold(
XAUUSD) attacked the Support lines and Support zone($2,639-$2,630) as I expected but failed to break them (Fake Break).
Gold is currently moving near the Resistance zone($2,670-$2,653) and within the Potential Reversal Zone(PRZ)[$2,670-$2,653] .
According to Elliott's wave theory, Gold seems to have completed 5 bearish waves and is currently completing upward corrective waves.
I expect Gold to attack the Support lines and the Support zone($2,639-$2,630) again and most likely succeed in breaking them this time.
⚠️Note: If Gold breaks the 50_SMA(Daily) and Potential Reversal Zone(PRZ)[$2,670-$2,653], we should expect Gold to rise further.⚠️
⚠️Note: At most, you can keep the Short position up to $2,668.⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute 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) attacked the Support lines and Support zone($2,639-$2,630) as I expected but failed to break them (Fake Break).Gold is currently moving near the Resistance zone($2,670-$2,653) and within the Potential Reversal Zone(PRZ)[$2,670-$2,653] .
According to Elliott's wave theory, Gold seems to have completed 5 bearish waves and is currently completing upward corrective waves.
I expect Gold to attack the Support lines and the Support zone($2,639-$2,630) again and most likely succeed in breaking them this time.
⚠️Note: If Gold breaks the 50_SMA(Daily) and Potential Reversal Zone(PRZ)[$2,670-$2,653], we should expect Gold to rise further.⚠️
⚠️Note: At most, you can keep the Short position up to $2,668.⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute 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
Position was activatedTrade closed: target reached
Full Target Done
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👑Real & Accurcy Free & VIP Signals👉 t.me/ProTrader_365
🎁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.