🥇Gold Analysis🥇Is Ready to Go Down Again(➡️RR=3.16)
🏃♂️Gold is moving in the 🟢Support zone($2,327-$2,302)🟢 and managed to break the Uptrend line and the Support line yesterday.
🌊According to Elliott's wave theory, Gold seems to be completing wave 4.
🔔I expect wave 4 to finish near the Resistance lines and 🟡Price Reversal Zone(PRZ)🟡, and Gold will start to decline again and break the 🟢Support zone($2,327-$2,302)🟢.
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XAUUSD
🔴Position: Short
✅Entry Point: $2329.417 (Limit Order)
⛔️Stop Loss: $2347.180
💰Take Profit:
🎯$2273.330👉Risk-To-Reward: 3.16
⚠️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: $2315.678 (Stop Limit Order)
⛔️Stop Loss: $2340.320
💰Take Profit:
🎯$2273.330👉Risk-To-Reward: 1.72
⚠️Please don't forget to follow capital management.
⚠️Please pay attention to the style of opening the position.
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⚠️Please be Ready for Both positions; when one of the active, another will cancel.⚠️👆
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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.
🌊According to Elliott's wave theory, Gold seems to be completing wave 4.
🔔I expect wave 4 to finish near the Resistance lines and 🟡Price Reversal Zone(PRZ)🟡, and Gold will start to decline again and break the 🟢Support zone($2,327-$2,302)🟢.
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XAUUSD
🔴Position: Short
✅Entry Point: $2329.417 (Limit Order)
⛔️Stop Loss: $2347.180
💰Take Profit:
🎯$2273.330👉Risk-To-Reward: 3.16
⚠️Please don't forget to follow capital management.
⚠️Please pay attention to the style of opening the position.
--------------------------------------------------------------------------
XAUUSD
🔴Position: Short
✅Entry Point: $2315.678 (Stop Limit Order)
⛔️Stop Loss: $2340.320
💰Take Profit:
🎯$2273.330👉Risk-To-Reward: 1.72
⚠️Please don't forget to follow capital management.
⚠️Please pay attention to the style of opening the position.
--------------------------------------------------------------------------
⚠️Please be Ready for Both positions; when one of the active, another will cancel.⚠️👆
--------------------------------------------------------------------------
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:
First position was activated.
Comment:
Please Transfer Stop loss(SL) to Entry Point(EP)=Risk Free
Trade closed manually:
Risk Free
