🗺️Gold Roadmap🗺️

⚔️Gold attacked the 🔴Heavy Resistance zone($2,075_$2,035)🔴 for the fourth time but failed to break it and created a 🐮Bull Trap🐮.

🌊Gold started to form corrective waves after completing its 5 impulse waves at the 🔴Heavy Resistance zone($2,075_$2,035)🔴.

🌊The first main wave, the main wave A, had a Double Three Correction(WXY) structure.

🌊The second main wave, main wave B, had a Zigzag(ABC/5-3-5) structure (it was very accurate in terms of Fibonacci levels).

💡Since the main wave B has retraced 127.2%(very accuracy) of the main wave A, we should expect the main structure of the corrective waves to be Expanding Flat(ABC/3-3-5/most common) or Running Flat(ABC/3-3-5/most rare).

🔔I expect Gold to Fall at least to the 🟢Support zone($1,905_$1,882)=Running Flat🟢 and the Support line, and if the support zone is broken, we should wait for Gold to fall to the 🟢Support zone($1,837_$1,808)=Expanding Flat🟢// 🟢Heavy Support zone($1,704_$1,661)=Expanding Flat🟢.

Gold Analyze ( XAUUSD ), Daily 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.

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Comment:

Still valid.