Gold Breaks Resistances_ Is a New All-Time High(ATH) on the Way?

Mar 25

Gold(XAUUSD) is moving in the Resistance zone($3,032-$3,021) and has managed to break the Resistance lines.

In terms of Elliott Wave theory, it seems that Gold has completed the main wave 4. The structure of the main wave 4 is Double Three Correction(WXY). One of the signs of the completion of the main wave 4 can be the breakdown of the resistance lines and the Resistance zone($3,032-$3,021).

I expect Gold to trend upwards in the coming hours and can even create a New All-Time High(ATH).

Do you think Gold can create a new All-Time High(ATH)?

Note: If Gold goes below $3,013, we should expect more dumps.

Gold Analyze ( XAUUSD ), 1-hour 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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Mar 26

Trade active

Trade was activated

Gold did not touch our SL :)

Mar 27

Trade closed: target reached

The first position touched the Stop Loss(SL), and the next position reached the full target.