💡After breaking the Support line, Gold managed to attack the Resistance lines with a Bullish Marubozu Candle.
🌊Regarding Elliott wave theory, Gold is completing a Zigzag Correction(ABC/5-3-5) so that Gold is currently completing the microwave 4 of the main wave C.
🔔I expect Gold to start rising again from the 🟡Potential Reversal Zone(PRZ)($2,045_$2,041)🟡 and the main wave C in the first target can finish near the upper Resistance lines and the 🔴Resistance zone($2,071_$2,054)🔴.
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.
🌊Regarding Elliott wave theory, Gold is completing a Zigzag Correction(ABC/5-3-5) so that Gold is currently completing the microwave 4 of the main wave C.
🔔I expect Gold to start rising again from the 🟡Potential Reversal Zone(PRZ)($2,045_$2,041)🟡 and the main wave C in the first target can finish near the upper Resistance lines and the 🔴Resistance zone($2,071_$2,054)🔴.
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.
Trade active
Trade closed: target reached
Comment:
Gold is trying to break the 🔴Resistance zone($2,071_$2,054)🔴
