GOLD (XAUUSD) | Gold in a sensitive position⚠️
Hello traders, Gold in the 1 hour time frame, due to the support of 1760 and the involvement of gold with this support, as well as its fragility, it is not possible to say with certainty about the rise or fall of gold .
And according to Elliott analysis, this is confirmed by the current state of the flat, the structure of the irregular or creeping flat is still unknown.
If gold breaks its 1775 resistance completely, then we expect the price to rise to the 1800 area and even more, but if it breaks the 1760 area, we can consider its long-term price target until 1677.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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And according to Elliott analysis, this is confirmed by the current state of the flat, the structure of the irregular or creeping flat is still unknown.
If gold breaks its 1775 resistance completely, then we expect the price to rise to the 1800 area and even more, but if it breaks the 1760 area, we can consider its long-term price target until 1677.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
Friends, if you are interested in putting a signal at the bottom of each analysis, write in the comments ✍🏻
❤️Please, support this idea with a like and comment!❤️