Gold Analysis==>>Contracting Triangle!!!

5 giorni fa

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.

5 giorni fa

Trade attivo

After Pullback to the upper line of the triangle.

5 giorni fa

Trade chiuso: obiettivo raggiunto

My target Done, I am waiting for correction now.