Gold at PRZ Again – Correction to $3,227 Possible!!!

4月17日

Gold(XAUUSD) started to rise as I expected in the previous idea and created a new All-Time High(ATH) as usual. How long do you think the upward trend of Gold will continue!? (Please give your reasons for the rise, I would appreciate it.)

Gold is trading near the Potential Reversal Zone(PRZ)[$3,416-$3,353] and trying to break the Uptrend line.

In terms of Elliott Wave theory, it appears that Gold has completed another 5-wave impulsive.

Signs of the completion of the main wave 5 can be the presence of Regular Divergence(RD-) between Consecutive Peaks, and the break of the Uptrend line (validly).

I expect Gold to fall to $3,227 in the coming hours.

Note: If Gold can move above $3,420, we can expect more pumps.

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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4月18日

交易進行

The position was activated before the market was closed, and in PULLBACK.

4月22日

交易結束：達到停損點

Definitely bullish :) Due to fundamentals :)