Gold Analysis==>>Contracting Triangle!!!
Updated
Gold(
XAUUSD) is moving in the Resistance zone($2,688-$2,666).
According to the Elliott wave theory, Gold has successfully completed microwave 4 with the help of a Contracting Triangle and is currently completing main wave 5.
I expect Gold to go up at least as far as the Potential Reversal Zone(PRZ)[$2,679-$2,675] and the upper line of Bollinger Band and then correct.
Note: In previous posts, I told you that the Bollinger Bands indicator works well for gold in the 1-hour time frame.
🔔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) is moving in the Resistance zone($2,688-$2,666).According to the Elliott wave theory, Gold has successfully completed microwave 4 with the help of a Contracting Triangle and is currently completing main wave 5.
I expect Gold to go up at least as far as the Potential Reversal Zone(PRZ)[$2,679-$2,675] and the upper line of Bollinger Band and then correct.
Note: In previous posts, I told you that the Bollinger Bands indicator works well for gold in the 1-hour time frame.
🔔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
After Pullback to the upper line of the triangle.Trade closed: target reached
My target Done, I am waiting for correction now.
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