🏃♂️Gold is moving near the 🟡Potential Reversal Zone(PRZ)($2,135-$2,108)🟡
🌊According to the theory of Elliott waves, it seems that Gold has succeeded in forming the Double Three Correction(WXY).
📈In terms of Classical Technical Analysis, Gold has formed a Falling Wedge Pattern.
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys.
👀If you want a better view of Gold, look at my analysis a few days ago in the 4-hour time frame.👇
🔔I expect Gold to go UP at least until the end of wave 3 after breaking the upper line of the Falling Wedge Pattern.
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
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Comment
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If Gold falls to the lower line of the Falling Wedge Pattern, there is no problem, and we have to wait for the break of the upper line to confirm the end of wave 4.