🏃♂️Gold is moving in the 🟡Potential Reversal Zone(PRZ)($2,135-$2,108)🟡
🌊According to the theory of Elliott waves, it seems that Gold has managed to complete the main wave 3 at $2,195.235(All-Time High(ATH)).
🌊Gold is completing the main wave 4, so it seems that this corrective wave's structure is Zigzag(ABC/5-3-5).
💡One of the signs of the end of the main wave 4 can be the breaking of the Resistance line.
🔔I expect Gold to move up towards 🎯Targets🎯on the chart as it enters the 🟡Potential Reversal Zone(PRZ)($2,135-$2,108)🟡.
Gold Analyze ( XAUUSD ), 4-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 theory of Elliott waves, it seems that Gold has managed to complete the main wave 3 at $2,195.235(All-Time High(ATH)).
🌊Gold is completing the main wave 4, so it seems that this corrective wave's structure is Zigzag(ABC/5-3-5).
💡One of the signs of the end of the main wave 4 can be the breaking of the Resistance line.
🔔I expect Gold to move up towards 🎯Targets🎯on the chart as it enters the 🟡Potential Reversal Zone(PRZ)($2,135-$2,108)🟡.
Gold Analyze ( XAUUSD ), 4-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.
Comment:
If gold can break the resistance line, we can enter a long position.
Trade active
Trade closed: target reached
