ðĻGold seems to have managed to break the ðĒSupport zone($2,373-$2,360)ðĒ.
ðIn terms of Classical Technical Analysis, Gold has formed two Symmetrical Triangle and Rising Wedge Patterns. The lower line of these two patterns is common, and Gold has succeeded in breaking the lower line of the two patterns.
ðAccording to the theory of Elliott waves, it seems that Gold has managed to complete wave 5 at $2,431.59 (All-Time High(ATH)), and we should wait for corrective waves.
ðI expect Gold to fall at least to the Uptrend line, the Support line, and the next ðĒSupport zone($2,328-$2,303)ðĒ.
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XAUUSD
ðīPosition: Short
â Entry Point: $2368.237 (Limit Order)
âïļStop Loss: $2385.680
ð°Take Profit:
ðŊ$2332.513ðRisk-To-Reward: 2.05
â ïļPlease don't forget to follow capital management.
â ïļPlease pay attention to the style of opening the position.
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XAUUSD
ðīPosition: Short
â Entry Point: $2360.121(Limit Order)
âïļStop Loss: $2374.320
ð°Take Profit:
ðŊ$2332.513ðRisk-To-Reward: 1.94
â ïļPlease don't forget to follow capital management.
â ïļPlease pay attention to the style of opening the position.
--------------------------------------------------------------------------
Gold Analyze ( XAUUSD ), 1-hour time frame â°.
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 â ' like'â button ðð & Share it with your friends; thanks, and Trade safe.
ðIn terms of Classical Technical Analysis, Gold has formed two Symmetrical Triangle and Rising Wedge Patterns. The lower line of these two patterns is common, and Gold has succeeded in breaking the lower line of the two patterns.
ðAccording to the theory of Elliott waves, it seems that Gold has managed to complete wave 5 at $2,431.59 (All-Time High(ATH)), and we should wait for corrective waves.
ðI expect Gold to fall at least to the Uptrend line, the Support line, and the next ðĒSupport zone($2,328-$2,303)ðĒ.
--------------------------------------------------------------------------
XAUUSD
ðīPosition: Short
â Entry Point: $2368.237 (Limit Order)
âïļStop Loss: $2385.680
ð°Take Profit:
ðŊ$2332.513ðRisk-To-Reward: 2.05
â ïļPlease don't forget to follow capital management.
â ïļPlease pay attention to the style of opening the position.
--------------------------------------------------------------------------
XAUUSD
ðīPosition: Short
â Entry Point: $2360.121(Limit Order)
âïļStop Loss: $2374.320
ð°Take Profit:
ðŊ$2332.513ðRisk-To-Reward: 1.94
â ïļPlease don't forget to follow capital management.
â ïļPlease pay attention to the style of opening the position.
--------------------------------------------------------------------------
Gold Analyze ( XAUUSD ), 1-hour time frame â°.
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 â ' like'â button ðð & Share it with your friends; thanks, and Trade safe.
āļāļēāļĢāļāļ·āđāļāļāļēāļĒāļĒāļąāļāļāļāļāļģāđāļāļīāļāļāļĒāļđāđ:
second position activated
āļāļīāļāļāļēāļĢāđāļāļĢāļ: āļāļķāļāđāļāđāļēāļŦāļĄāļēāļĒāļāļēāļĢāļāļģāļāļģāđāļĢ:
Second Position
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
Gold was able to break the uptrend line/support line
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ðif you want to learn Technical Analysis = Please Contact með t.me/Ad_ProTrader365