🔨Gold seems to have managed to break the 🟢Support zone($2,373-$2,360)🟢.
📈In terms of Classical Technical Analysis, Gold has formed two Symmetrical Triangle and Rising Wedge Patterns. The lower line of these two patterns is common, and Gold has succeeded in breaking the lower line of the two patterns.
🌊According to the theory of Elliott waves, it seems that Gold has managed to complete wave 5 at $2,431.59 (All-Time High(ATH)), and we should wait for corrective waves.
🔔I expect Gold to fall at least to the Uptrend line, the Support line, and the next 🟢Support zone($2,328-$2,303)🟢.
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XAUUSD
🔴Position: Short
✅Entry Point: $2368.237 (Limit Order)
⛔️Stop Loss: $2385.680
💰Take Profit:
🎯$2332.513👉Risk-To-Reward: 2.05
⚠️Please don't forget to follow capital management.
⚠️Please pay attention to the style of opening the position.
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XAUUSD
🔴Position: Short
✅Entry Point: $2360.121(Limit Order)
⛔️Stop Loss: $2374.320
💰Take Profit:
🎯$2332.513👉Risk-To-Reward: 1.94
⚠️Please don't forget to follow capital management.
⚠️Please pay attention to the style of opening the position.
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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.
📈In terms of Classical Technical Analysis, Gold has formed two Symmetrical Triangle and Rising Wedge Patterns. The lower line of these two patterns is common, and Gold has succeeded in breaking the lower line of the two patterns.
🌊According to the theory of Elliott waves, it seems that Gold has managed to complete wave 5 at $2,431.59 (All-Time High(ATH)), and we should wait for corrective waves.
🔔I expect Gold to fall at least to the Uptrend line, the Support line, and the next 🟢Support zone($2,328-$2,303)🟢.
--------------------------------------------------------------------------
XAUUSD
🔴Position: Short
✅Entry Point: $2368.237 (Limit Order)
⛔️Stop Loss: $2385.680
💰Take Profit:
🎯$2332.513👉Risk-To-Reward: 2.05
⚠️Please don't forget to follow capital management.
⚠️Please pay attention to the style of opening the position.
--------------------------------------------------------------------------
XAUUSD
🔴Position: Short
✅Entry Point: $2360.121(Limit Order)
⛔️Stop Loss: $2374.320
💰Take Profit:
🎯$2332.513👉Risk-To-Reward: 1.94
⚠️Please don't forget to follow capital management.
⚠️Please pay attention to the style of opening the position.
--------------------------------------------------------------------------
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:
second position activated
Trade closed: target reached:
Second Position
Comment:
Gold was able to break the uptrend line/support line
