Gold(
XAUUSD) fell to the lower line of the ascending channel and the Support zone($3,350-$3,326), as I expected in my previous idea.
Gold is currently near a set of Supports.
Supports:
*Support zone: $3,350-$3,326
*Monthly Pivot Point: $3,333
*Potential Reversal Zone(PRZ): $3,339-$3,329
*Lower line of the ascending Channel
*50_EMA(Daily)
*Support lines
In terms of Elliott Wave theory, Gold appears to be completing a bearish wave 5.
Also, we can see the Regular Divergence(RD+) between Consecutive Valleys.
I expect Gold to rise to at least $3,359.
Second target: $3,367
Note: Stop Loss (SL) = $3,319
Do you think Gold can break the Support cluster by the end of trading hours?
Gold Analyze (XAUUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a 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) fell to the lower line of the ascending channel and the Support zone($3,350-$3,326), as I expected in my previous idea.Gold is currently near a set of Supports.
Supports:
*Support zone: $3,350-$3,326
*Monthly Pivot Point: $3,333
*Potential Reversal Zone(PRZ): $3,339-$3,329
*Lower line of the ascending Channel
*50_EMA(Daily)
*Support lines
In terms of Elliott Wave theory, Gold appears to be completing a bearish wave 5.
Also, we can see the Regular Divergence(RD+) between Consecutive Valleys.
I expect Gold to rise to at least $3,359.
Second target: $3,367
Note: Stop Loss (SL) = $3,319
Do you think Gold can break the Support cluster by the end of trading hours?
Gold Analyze (XAUUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a 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 activated in Potential Reversal Zone(PRZ): $3,339-$3,329
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Disclaimer
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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.