Gold Analysis==>>Second Attack!!!

6 gen

Gold(XAUUSD) attacked the Support lines and Support zone($2,639-$2,630) as I expected but failed to break them (Fake Break).

Gold is currently moving near the Resistance zone($2,670-$2,653) and within the Potential Reversal Zone(PRZ)[$2,670-$2,653] .

According to Elliott's wave theory, Gold seems to have completed 5 bearish waves and is currently completing upward corrective waves.

I expect Gold to attack the Support lines and the Support zone($2,639-$2,630) again and most likely succeed in breaking them this time.

⚠️Note: If Gold breaks the 50_SMA(Daily) and Potential Reversal Zone(PRZ)[$2,670-$2,653], we should expect Gold to rise further.⚠️

⚠️Note: At most, you can keep the Short position up to $2,668.⚠️

🔔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.

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7 gen

Trade attivo

Position was activated

7 gen

Trade chiuso: obiettivo raggiunto

Full Target Done