✅As I expected in yesterday's post, Gold started to rise again after breaking the Resistance lines and reacting to the upper Resistance lines and the 🔴Resistance zone($2,071_$2,054)🔴.
🌊Regarding Elliott wave theory, It seems that Gold has completed the Zigzag Correction(ABC/5-3-5) on the Resistance lines and the 🔴Resistance zone($2,071_$2,054)🔴, and now we have to wait for Gold to fall.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
🔔I expect Gold to fall to at least the Uptrend line.
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, It seems that Gold has completed the Zigzag Correction(ABC/5-3-5) on the Resistance lines and the 🔴Resistance zone($2,071_$2,054)🔴, and now we have to wait for Gold to fall.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
🔔I expect Gold to fall to at least the Uptrend line.
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: stop reached
