Gold managed to complete its five impulse waves above the ðīresistance zone($1,973.140-$1,966.26)ðī, forming a ðŪBull TrapðŪ.
Also, five impulse waves were completed between the two resistance and support lines, so we can say that even gold has formed a Rising Wedge Pattern.
Also, we can see Regular Divergence(RD-) between the end of waves 3 and 5.
ðIn recent hours, gold managed to break the support line, and I expect gold to have a downward trend in the next week or next hours; the ðŊtargetðŊ of gold's fall can be the end of wave 4 or the ðĒsupport zone($1,939-$1,932.16)ðĒ.
Gold Analyze ( XAUUSD ), 4-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.
Also, five impulse waves were completed between the two resistance and support lines, so we can say that even gold has formed a Rising Wedge Pattern.
Also, we can see Regular Divergence(RD-) between the end of waves 3 and 5.
ðIn recent hours, gold managed to break the support line, and I expect gold to have a downward trend in the next week or next hours; the ðŊtargetðŊ of gold's fall can be the end of wave 4 or the ðĒsupport zone($1,939-$1,932.16)ðĒ.
Gold Analyze ( XAUUSD ), 4-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.
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In the emoji chart, I put the time frame of 1 hour, but actually, the time frame is 4 hours.ð
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