As I expected in the previous idea, Gold(
XAUUSD) rose to $3,343 on the 1-hour time frame, but failed to break the Resistance zone($3,350-$3,326) and started to fall with relatively good momentum.
Do you think Gold can finally break the Support zone($3,312-$3,280) and Support lines, or will it rise again?
Gold is currently trading in the Support zone($3,312-$3,280) and near the Support lines. It has also managed to break the downtrend line.
In terms of Elliott Wave theory on the 15-minute time frame, Gold appears to be completing a main wave 4. The main wave 4 appears to follow Double Three Correction(WXY). Also, the main wave 3 is extended due to the high downward momentum.
I expect Gold to start falling again by entering the Potential Reversal Zone(PRZ)[$3,312-$3,304] or Resistance zone($3,302-$3,296) and eventually breaking the Support zone($3,312-$3,280) and Support lines, Gold's falling targets are clear on the chart.
Note: Stop Loss (SL) = $3,313
Gold Analyze (XAUUSD), 15-minute 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.
Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Do you think Gold can finally break the Support zone($3,312-$3,280) and Support lines, or will it rise again?
Gold is currently trading in the Support zone($3,312-$3,280) and near the Support lines. It has also managed to break the downtrend line.
In terms of Elliott Wave theory on the 15-minute time frame, Gold appears to be completing a main wave 4. The main wave 4 appears to follow Double Three Correction(WXY). Also, the main wave 3 is extended due to the high downward momentum.
I expect Gold to start falling again by entering the Potential Reversal Zone(PRZ)[$3,312-$3,304] or Resistance zone($3,302-$3,296) and eventually breaking the Support zone($3,312-$3,280) and Support lines, Gold's falling targets are clear on the chart.
Note: Stop Loss (SL) = $3,313
Gold Analyze (XAUUSD), 15-minute 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.
Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。