Gold in PRZ + TRZ: Is a Bullish Reversal Brewing(Short-term)?

31 lug

Gold, as I expected in yesterday's idea, fell to the Potential Reversal Zone(PRZ)[$3,285-$3,272] and started to rise again.

Today's Gold analysis is on the 15-minute time frame and is considered short-term, so please pay attention.

Gold is currently trading in the Support zone($3,307-$3,275) and near the Potential Reversal Zone(PRZ)[$3,290-$3,272] and Time Reversal Zone(TRZ).

In terms of Elliott Wave theory, it seems that Gold can complete the microwave C of wave B at the lower line of the descending channel.

I expect Gold to trend higher in the coming hours and rise to at least $3,311.

Note: Stop Loss (SL) = $3,267

Gold Analyze (XAUUSD), 15-minute 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.

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2 ago

Trade chiuso: obiettivo raggiunto

Full Target Done=>Great pump