🏃♂️Gold is moving near the 🟡Potential Reversal Zone(PRZ)($2,210-$2,197)🟡 and has reacted well to this zone.
🌊According to the Elliott wave theory, the Double Three Correction(WXY) seems to have been completed.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
🔔I expect Gold to drop to at least one of the 🎯Targets🎯 I've outlined on the chart after breaking the Support line.
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.
🌊According to the Elliott wave theory, the Double Three Correction(WXY) seems to have been completed.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
🔔I expect Gold to drop to at least one of the 🎯Targets🎯 I've outlined on the chart after breaking the Support line.
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.
Commento:
It seems that gold is forming an ascending channel. If I find a suitable trigger, I will open a short position on the upper line.
Ordine annullato
