Gold is Ready to Fall again!!!
Updated
Gold(
XAUUSD) started to pump, as I expected in the previous post.
Gold is entering the Resistance zone($2,740-$2,708) and Potential Reversal Zone(PRZ)[$2,733-$2,715)] and approaching the Upper line of the Ascending Channel.
According to Elliott's wave theory, Gold is completing microwave 5 of the main wave C.
Also, Regular Divergence(RD-) between Consecutive Peaks.
I expect Gold to fall to at least the Support zone($2,670-$2,653) after breaking the lower line of the ascending channel.
⚠️Note: If Gold breaks the Resistance zone($2,740-$2,708), we can expect more pumps.⚠️
⚠️Note: Tomorrow's US indices can impact the Gold trend. (Today's US indices were all as Forecasted).⚠️
🔔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 pump, as I expected in the previous post.Gold is entering the Resistance zone($2,740-$2,708) and Potential Reversal Zone(PRZ)[$2,733-$2,715)] and approaching the Upper line of the Ascending Channel.
According to Elliott's wave theory, Gold is completing microwave 5 of the main wave C.
Also, Regular Divergence(RD-) between Consecutive Peaks.
I expect Gold to fall to at least the Support zone($2,670-$2,653) after breaking the lower line of the ascending channel.
⚠️Note: If Gold breaks the Resistance zone($2,740-$2,708), we can expect more pumps.⚠️
⚠️Note: Tomorrow's US indices can impact the Gold trend. (Today's US indices were all as Forecasted).⚠️
🔔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
Trade was activatedTrade closed: target reached
My position closed with profit
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